---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-006549"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:08:30.190602+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Plug Power revises 2022 revenue growth to ~45-50% vs >80% prior; 2023 target $1.4B revenue

## Summary
- 2022 revenue growth revised to ~45-50% from expected >80%; Q4 hit by new product launch delays and customer timing.
- 2023 targets: $1.4B revenue, 10% gross margin; mid-term goals: >$600M quarterly rev, >20% gross margin, breakeven operating income.
- Plans to commission 200+ TPD green hydrogen by YE 2023; Georgia plant Q1, Louisiana Q3, New York Q4.
- Electrolyzer pipeline exceeds 2GW with $30B+ sales funnel; stationary power to commission 20+ MW in 2023.
- Pro forma: if all hydrogen sourced internally, could generate additional ~$100M gross margin in 2023.

## SEC filing metadata
- accession: 0001104659-23-006549
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465923006549/0001104659-23-006549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465923006549/tm234335d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-006549
- JSON: https://secwatch.observer/filing/0001104659-23-006549.json
- Plain text: https://secwatch.observer/filing/0001104659-23-006549.txt

## Key facts
- Earnings Releases
  PLUG POWER INC reported preliminary financial results for fiscal year 2022.
  - Period: fiscal year 2022
  - Result: preliminary results
  source text: Current estimates indicate revenue growth from 2021 to 2022 to be ~ 45% to 50%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465923006549/0001104659-23-006549-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.