secwatch.observer — SEC 8-K summary
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Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001104659-25-109120
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power Q3 revenue $177M, adjusted EPS loss narrows to $0.12, cash burn improves 49%
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- Revenue $177M; GenEco electrolyzer revenue ~$65M (+46% seq, +13% YoY).
- GAAP net loss per share $0.31 vs $0.25 in Q3 2024; adjusted EPS loss $0.12 vs $0.23.
- Cash from ops burn ~$90M, down 49% YoY; unrestricted cash $166M; subsequent ~$370M warrant exercise.
- Adjusted gross loss improved to $37M from $86M in Q3 2024; GAAP gross loss $120M.
- ~$226M in non-cash Project Quantum Leap charges; company targets EBITDAS-positive H2 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465925109120/0001104659-25-109120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465925109120/tm2530762d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-109120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer