Plug Power reports FY2023 revenue of $891M (+27% YoY); EPS loss $2.30; impairment ~$325M

PLUG POWER INC

Record annual revenue $891.3M, up 27% YoY; Q4 revenue not separately stated.
FY2023 EPS loss $2.30 vs. $1.25 prior year; includes ~$325M non-cash impairment charges.
Going concern doubt resolved; company has sufficient cash and liquidity for foreseeable future.
Georgia hydrogen plant commissioned with largest PEM electrolyzer in US; expanded material handling with Walmart, Amazon, Home Depot, Tyson, Sam's Club, STEF.
Closed a 100MW electrolyzer deal with GALP and nearly 1GW in BEDP projects during 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PLUG POWER INC reported the quarter and fiscal year ended December 31, 2023 results: revenue $891 million, EPS $2.30.

Period: the quarter and fiscal year ended December 31, 2023
Revenue: $891 million
EPS: $2.30
Result: reported results

Exact text from the filing

cash on hand coupled with available liquidity to fund its ongoing operations for the foreseeable future. · Record Revenue Achievement: The Company achieved revenue of $891 million for the year ended December 31, 2023, which is a record and reflects a 27% growth over the prior year. This revenue growth stems from the successful execution of our business

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PLUG POWER INC filing history →

Source: SEC EDGAR

accession 0001104659-24-029615

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