{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-117220","form_type":"8-K","ticker":"PLUG","cik":"0001093691","company_name":"PLUG POWER INC","filed_at":"2024-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.642372+00:00","generated_at":"2026-05-30T00:47:55.179414+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Plug Power appoints Sanjay Shrestha President; provides 2025 guidance and 2030 targets","bullets":["Sanjay Shrestha appointed President (effective Nov 13, 2024); Andrew Marsh remains CEO.","2025 revenue guidance $850M-$950M; gross margin (20%) to (5%).","Targets 2030 revenue ~$3.75B and gross margin >30%, with ~30% CAGR for Energy and Applications.","2024 milestones: commissioned 15 TPD GA plant, record electrolyzer deployments across 5 continents, initial H2 deliveries to Walmart, Amazon, Home Depot.","Path to profitability: EBITDAS positive 2H 2026, operating income positive exiting 2027, overall profitability exiting 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-117220","json":"https://secwatch.observer/filing/0001104659-24-117220.json","markdown":"https://secwatch.observer/filing/0001104659-24-117220.md","text":"https://secwatch.observer/filing/0001104659-24-117220.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1093691/000110465924117220/0001104659-24-117220-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1093691/000110465924117220/tm2428208d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:47:55.179414+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3bf6439039","claim":"Sanjay K. Shrestha was appointed as President at PLUG POWER INC.","evidence_excerpt":"On November 13, 2024, Plug Power Inc., a Delaware corporation (the “Company”), announced that Sanjay K. Shrestha has been appointed to serve as the Company’s President, effective November 13, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093691/000110465924117220/0001104659-24-117220-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}