---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059112"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:49:43.187051+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plug Power Q1 revenue $120.3M, EPS loss $0.46; cash burn down 38% QoQ

## Summary
- Revenue of $120.3M; GAAP EPS loss of $0.46 per share; cash burn (operating + capex) down 38% QoQ and 42% YoY.
- Gross margin improved in Fuel Delivered, Service, and PPA vs Q1/Q4 2023; equipment margins hurt by lower inventory/production.
- Recorded restructuring costs of ~$6M and non-cash asset impairment charges of ~$40M in Q1.
- Hydrogen plants in Georgia and Tennessee producing at 25 TPD nameplate; Louisiana 15 TPD plant on track for 2024.
- DOE grants of up to $163M awarded; BEDP contracts total ~4.5 GW globally; new material handling deals with Uline and leading automaker.

## SEC filing metadata
- accession: 0001104659-24-059112
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1093691/000110465924059112/0001104659-24-059112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465924059112/tm2413836d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059112
- JSON: https://secwatch.observer/filing/0001104659-24-059112.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059112.txt

## Key facts
- Earnings Releases
  PLUG POWER INC reported the first quarter ended March 31, 2024 results: revenue $120.3 million, EPS $0.46 loss per share.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $120.3 million
  - EPS: $0.46 loss per share
  - Result: reported results
  source text: The Company reported revenue of $120.3 million and EPS loss of $0.46 for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465924059112/0001104659-24-059112-index.htm

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