---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-027333"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T16:59:47.054061+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plug Power reports $701M revenue in 2022, reaffirms 2023 guidance of $1.4B revenue and 10% gross margin

## Summary
- Revenue $701.4M in 2022 ($220.7M Q4), up 40% YoY; gross margin improved to (28)% from (34)%.
- Reaffirms 2023 guidance: $1.4B revenue, 10% gross margin; long-term targets $5B/30% by 2026, $20B/35% by 2030.
- Green hydrogen plant commissioning: Georgia on track for liquid H2 by end of March; Olin JV targeting production by Q3 2023.
- Electrolyzer backlog 2GW, opportunity funnel >$30B; stationary fuel cell deployments of 30MW planned in 2023.
- Partnership with Johnson Matthey for largest CCM manufacturing facility (5GW scaling to 10GW) in US, production likely in 2025.

## SEC filing metadata
- accession: 0001104659-23-027333
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465923027333/0001104659-23-027333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465923027333/tm238047d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-027333
- JSON: https://secwatch.observer/filing/0001104659-23-027333.json
- Plain text: https://secwatch.observer/filing/0001104659-23-027333.txt

## Key facts
- Earnings Releases
  PLUG POWER INC reported the fourth quarter ended December 31, 2022 results: revenue $220.7M. Guidance reaffirmed.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $220.7M
  - Guidance: reaffirmed
  - Result: reported results
  source text: $701.4M Revenue in 2022 with $220.7M in Q4 — Up 40% and 36% Respectively Year-Over-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465923027333/0001104659-23-027333-index.htm
- Earnings Releases
  PLUG POWER INC reported the year ended December 31, 2022 results: revenue $701.4M. Guidance reaffirmed.
  - Period: the year ended December 31, 2022
  - Revenue: $701.4M
  - Guidance: reaffirmed
  - Result: reported results
  source text: $701.4M Revenue in 2022 with $220.7M in Q4 — Up 40% and 36% Respectively Year-Over-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465923027333/0001104659-23-027333-index.htm

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