---
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"
generated_at: "2026-05-30T00:47:55.179414+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plug Power appoints Sanjay Shrestha President; provides 2025 guidance and 2030 targets

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-117220
- JSON: https://secwatch.observer/filing/0001104659-24-117220.json
- Plain text: https://secwatch.observer/filing/0001104659-24-117220.txt

## Key facts
- Executive change
  Sanjay K. Shrestha was appointed as President at PLUG POWER INC.
  - Action: appointed
  - Role: President
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465924117220/0001104659-24-117220-index.htm

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