secwatch.observer — SEC 8-K summary
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Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001104659-24-029615
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924029615/0001104659-24-029615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924029615/tm247647d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-029615

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