---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-116272"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:03:53.208654+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Plug Power Reports Q3 2023 Revenue of $199M, Gross Loss Worsens Amid Hydrogen Supply Challenges

## Summary
- Revenue of $199M in Q3 2023, up 5% YoY from $189M, but GAAP gross loss widened to (69%) from (24%).
- Recorded a non-cash service accrual charge of $41.6M due to hydrogen supply disruptions and cost increases.
- Georgia green hydrogen plant expects liquid production between Nov 15 and year-end; Tennessee facility also expected online by year-end.
- Electrolyzer sales grew over 3x QoQ; secured 550MW order from Fortescue and 280MW from Arcadia e-Fuels.
- Company warns it will need additional capital; pursuing debt financing and DOE loan program.

## SEC filing metadata
- accession: 0001104659-23-116272
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465923116272/0001104659-23-116272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465923116272/tm2330218d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-116272
- JSON: https://secwatch.observer/filing/0001104659-23-116272.json
- Plain text: https://secwatch.observer/filing/0001104659-23-116272.txt

## Key facts
- Earnings Releases
  PLUG POWER INC reported the third quarter ended September 30, 2023 results: revenue $199M.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $199M
  - Result: reported results
  source text: reference in such filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2330218d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Plug Reports Third Quarter 2023 Results with Revenue of $199M 2023 overall financial performance has been negatively impacted by unprecedented supply challenges in the hydrogen network in North America. We believe this hydrogen supply
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465923116272/0001104659-23-116272-index.htm

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