secwatch.observer — SEC 8-K summary
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Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001104659-26-022247
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power reports Q4 revenue $225M, positive gross margin; appoints Jose Luis Crespo as CEO
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- Full year 2025 revenue ~$710M (+12.9% YoY); Q4 revenue $225.2M (+17.6% YoY, +27.2% QoQ).
- Q4 GAAP gross margin turned positive at 2.4%, versus -122.5% in Q4 2024.
- GAAP EPS ($0.63); adjusted EPS ($0.06), improving from ($0.29) a year ago.
- Recorded ~$763M in non-cash asset impairment and capital transaction charges in Q4.
- Jose Luis Crespo named CEO effective March 2, 2026; targets positive EBITDAS in Q4 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465926022247/0001104659-26-022247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465926022247/tm267677d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-022247

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