Plug Power Inc. 8-K Filings

Plug Power Inc. reported second-quarter 2026 net revenue of $178.3 million, up slightly from $174.0 million a year earlier, with approximately break-even gross margin versus a large gross loss previously. GAAP net loss narrowed to $188.2 million from $227.1 million, and adjusted non-GAAP net loss improved to $101.4 million from $198.7 million, reflecting lower operating expenses and fair-value impacts.

For the first six months of 2026, net revenue reached $341.8 million, but operating activities used $244.1 million of cash. Cash, cash equivalents, and restricted cash totaled $671.5 million as of June 30, 2026, down from $994.0 million at the start of the year. Management raised full-year 2026 revenue growth guidance to 15%–16% and is targeting positive EBITDAS in the fourth quarter of 2026, citing improving margins, disciplined capital management, and progress across material handling, electrolyzers, and hydrogen production.

Plug Power Inc. outlines two real estate transactions with Stream US Data Centers and provides a cash update as part of a strategic infrastructure optimization initiative. The company amended its New York Gateway Project agreement, fixing the purchase price at $142.0 million, extending the outside closing date to March 31, 2027, enabling an interim land closing, and providing a contractual repurchase right for the land under certain conditions. Stream’s prior $6.5 million escrow deposit will be released to Plug, Stream will add a new $10.0 million escrow deposit, and together with a $5.0 million advance previously received, Stream will have paid $21.5 million against the Gateway purchase price upon escrow release.

Separately, Plug agreed to sell its Graham, Texas Project, including land and 164 MW of grid interconnection assets, for $50.0 million at closing plus a contingent earnout of up to $26.5 million tied to final electrical load capacity. This Texas transaction is expected to allow release of about $14 million of cash collateral and to provide up to roughly $90.5 million of total liquidity, with closing targeted on or about July 31, 2026, subject to conditions. As of June 30, 2026, Plug held approximately $162 million of unrestricted cash and cash equivalents and expects these transactions to contribute to more than $80 million in near-term incremental liquidity within a broader initiative targeting over $275 million of aggregate liquidity improvement.

Plug Power Inc. reported the results of its annual stockholder meeting. Stockholders elected Colin Angle, Jose Luis Crespo, Patrick Joggerst and Gary K. Willis as Class III directors. They also approved an amendment to the 2021 equity plan, increasing the shares of common stock reserved under the plan.

Stockholders approved the non-binding advisory resolution on compensation for the named executive officers and ratified Deloitte as independent registered public accounting firm for the year ending December 31, 2026. Separately, following the previously disclosed resignation of director Kavita Mahtani, the board size was reduced from ten to nine members.

To rebalance director classes, Colin Angle resigned as a Class III director and was immediately reappointed as a Class I director, keeping his board service uninterrupted. The board now consists of three Class I, three Class II and three Class III directors, with no changes to Mr. Angle’s committee roles or compensation.

Plug Power Inc. held its 2026 annual meeting of stockholders via public webcast, where CEO Jose Luis Crespo presented an overview of the business and its strategic plan. The company highlighted its focus on improving execution, strengthening its financial position, and pursuing disciplined, profitable growth.

Management reported achieving positive gross profit in Q4 2025 and approximately a 50% reduction in cash usage versus 2024, along with margin improvements across equipment, service, and hydrogen businesses. The presentation reiterated goals of being EBITDAS positive exiting 2026, achieving positive operating income exiting 2027, and reaching overall profitability exiting 2028.

Plug Power also emphasized growth in hydrogen-related solutions, citing over 74,000 GenDrive units installed across more than 280 locations, a portfolio of electrolyzer projects in Europe and the UK, and a hydrogen plant network in Georgia, Louisiana, and Tennessee with stated live capacities based on nameplate design.

Plug Power Inc. announced that board member Kavita Mahtani will resign from its Board of Directors effective June 11, 2026. She currently serves as a Class I director and sits on the Audit Committee and the Strategy & Financing Committee.

Mahtani, who has served on the board since April 2022, is stepping down to focus on responsibilities tied to a recently announced executive role at Wells Fargo. The company states that her decision is not due to any disagreement with Plug Power regarding its operations, policies, or practices, and publicly thanks her for her contributions.

Plug Power reported Q1 2026 net revenue of $163.5 million, a 22% increase year over year, driven by higher sales across equipment, services, power purchase agreements, and fuel delivered to customers. Gross loss narrowed to $21.6 million from $73.9 million as cost of revenue fell versus the prior year.

Operating expenses declined, reducing operating loss to $109.5 million from $178.5 million. However, large non-cash losses from changes in the fair value of convertible debt and warrant liabilities pushed net loss attributable to Plug to $245.3 million ($0.18 per share) compared with $196.7 million ($0.21 per share) a year earlier.

Cash, cash equivalents and restricted cash totaled $802.0 million at March 31, 2026, down from $1.08 billion as the company used $150.0 million in operating cash during the quarter. Adjusted net loss improved to $105.5 million ($0.08 per share). Management highlighted margin gains, tighter capital deployment, and reiterated its goal of achieving positive EBITDAS in Q4 2026.

Plug Power Inc. reported a governance change as its Board of Directors appointed Chief Executive Officer and President Jose Luis Crespo as a director. He is designated a Class III director and will serve until the company’s 2026 annual stockholders’ meeting or until a successor is elected.

Crespo has held multiple senior roles at the company since 2014, including Chief Revenue Officer, General Manager of Material Handling, and Executive Vice President. He receives no additional compensation for his board role, there are no related-party arrangements or family relationships disclosed, and his existing executive compensation remains unchanged.

Plug Power reported full-year 2025 revenue of $709.9M, up 12.9%, with fourth-quarter revenue of $225.2M and its first positive quarterly gross margin at 2.4% of sales. Q4 gross profit was $5.5M, a sharp improvement from a deep loss a year earlier, helped by higher volumes, better pricing, and Project Quantum Leap cost actions.

The company still posted a 2025 net loss attributable to Plug of $1.63B, including about $785.4M of impairment within roughly $763M of Q4 net charges tied to restructuring and capital transactions. Operating cash burn improved as net cash used in operating activities fell to $535.8M from $728.6M in 2024, and year-end unrestricted cash was $368.5M.

Plug outlined an agreement expected to generate over $275M from asset monetization supporting U.S. data center build-out and liquidity, and highlighted reduced capex and debt restructuring that extends maturities. The company reaffirmed targets for positive EBITDAS in Q4 2026, positive operating income by end of 2027, and full profitability by end of 2028. It also announced that Jose Luis Crespo will become Chief Executive Officer effective March 2, 2026.

Plug Power Inc. entered a definitive agreement to sell its Project Gateway real estate and related infrastructure in Genesee County, New York to Stream Data Centers. Plug expects gross proceeds of at least $132.5 million, rising to $142 million depending on closing timing and asset-removal conditions.

The transaction, which includes land, substation-related assets and certain assigned agreements, is targeted to close by the end of June 2026 and must close no later than June 30, 2026, subject to customary conditions such as insurable title, required approvals and the buyer securing a tenant lease. Plug describes this sale as the first step in a broader $275 million strategic infrastructure optimization and liquidity-improvement initiative expected to include two additional asset-related actions in 2026.

Plug Power Inc. stockholders approved a Charter amendment to increase the company’s authorized common stock from 1,500,000,000 shares to 3,000,000,000 shares. The amendment became effective on February 12, 2026, upon filing in Delaware.

At the reconvened special meeting, a quorum was present with 769,385,735 shares of common stock as of December 12, 2025. Stockholders also voted on a separate proposal to adjust voting requirements to align with Delaware law, but that proposal did not receive the required majority and was not approved.

Plug Power Inc. is updating investors on the timing of its Special Meeting of Stockholders. The company had previously adjourned the meeting several times and planned to reconvene it on February 17, 2026. It has now decided to accelerate the reconvened meeting to February 12, 2026 at 4:00 p.m. Eastern Time.

The meeting will be held in a fully virtual format, allowing stockholders to participate online, vote, and submit questions in real time. Stockholders of record as of December 12, 2025 remain entitled to attend and vote on Proposals 1 and 2, which are unchanged from the definitive proxy statement filed on December 12, 2025.

Plug Power Inc. reconvened its special meeting of stockholders on February 5, 2026 to consider two proposals. Based on preliminary results, approximately 39.63% of outstanding common shares voted in favor of Proposal 1 and 49.40% voted in favor of Proposal 2, below the level needed for approval.

Because neither proposal received sufficient support, the company further adjourned the special meeting to allow more time to solicit proxies. The meeting is scheduled to reconvene at 4:00 p.m. Eastern on February 17, 2026, and only Proposals 1 and 2 are expected to be considered. Stockholders of record as of December 12, 2025 remain entitled to vote using the same process, and previously submitted proxies remain valid unless changed or revoked.

Plug Power Inc. reported results of a special stockholder meeting held on January 29, 2026, where investors voted on changes to the company’s charter. Stockholders considered one proposal to adjust voting requirements to align with Section 242(d)(2) of Delaware law and another to increase the number of authorized common shares.

A quorum was present, with 732,799,970 common shares represented as of the December 12, 2025 record date. Although substantial votes were cast on all proposals, the meeting was adjourned to February 5, 2026 to allow additional proxy solicitation for the charter amendments.

Plug Power plans an investor question-and-answer townhall on February 2, 2026 to address stockholder questions about the charter proposals ahead of the reconvened virtual meeting.

Plug Power Inc. entered a Release Event License Agreement with Walmart Inc. covering escrowed GenKey System software and related materials that Walmart may use for internal maintenance only if specified “Release Events” occur. Walmart will pay an initial license fee at escrow confirmation and an annual license fee, with higher annual and one-time fees if a Release Event happens. The agreement runs for 15 years, includes mutual indemnification, and outlines efforts to identify alternative stack suppliers with limited conditional stack-sourcing rights for Walmart.

Pursuant to the agreement, Walmart irrevocably terminated a prior transaction agreement and forfeited all vested portions of a warrant to purchase Plug Power common stock, and all unvested portions were cancelled, so no shares will be issuable under that warrant, eliminating potential future dilution of up to 42,192,479 shares. As of the effective date, 34,554,185 shares under the warrant had vested and 7,638,294 shares remained unvested.

Plug Power Inc. completed a private offering of $431.25 million of 6.75% Convertible Senior Notes due 2033. The notes were sold at 95% of face value, giving the company net proceeds of about $399.4 million.

The notes bear 6.75% interest, paid twice a year, and mature on December 1, 2033, with holders able to convert after a specified date into cash, common stock, or a combination, at the company’s election. The initial conversion rate is 333.3333 shares per $1,000 of notes, equal to an initial conversion price of roughly $3.00 per share, a 40% premium to the $2.14 stock price on November 18, 2025. The company also discloses an initial maximum conversion rate of 467.2897 shares per $1,000, allowing up to 201,518,683 shares to be issued if fully converted.

Plug Power used approximately $245.7 million of the proceeds to fully repay its 15.00% secured debentures, including accrued interest and a termination fee, and about $153.9 million to repurchase $138.0 million principal of its 7.00% convertible notes due 2026. Remaining funds are earmarked for working capital and general corporate purposes.

Plug Power Inc. (PLUG) is hosting its seventh annual Plug Symposium at its Vista manufacturing facility in Slingerlands, New York, starting at 9:00 a.m. Eastern Time on November 18, 2025. The event’s theme, “Strengthening Energy Independence,” focuses on hydrogen’s role in global energy security.

Senior leaders, including CEO Andrew J. Marsh, President and Chief Revenue Officer Jose Luis Crespo, and CFO Paul B. Middleton, will present the company’s strategic vision in the hydrogen economy and provide a financial update. They plan to discuss Project Quantum Leap initiatives to streamline the business and strengthen the balance sheet, operational milestones, energy grid challenges and Plug’s energy management solutions, scaling operations at the Vista facility, and engineering and technology developments.

The symposium will also cover electrolyzer deployment milestones and pipeline, the hydrogen production network, hydrogen plant design and execution, and key partnerships and customer projects. A fireside chat between Mr. Marsh and Mr. Crespo will address company strategy and the planned leadership transition, as Mr. Marsh prepares to hand the CEO role to Mr. Crespo in March 2026. Presentation materials and a press release are furnished as Exhibits 99.1 and 99.2 and are not deemed filed under the Exchange Act.

Plug Power Inc. announced it furnished a press release detailing its financial results for the third quarter ended September 30, 2025. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results, with access available via its website.

The information provided under Items 2.02 and 7.01, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act, except as expressly incorporated by reference. Exhibits include the Q3 2025 press release and the cover page interactive data file.

Plug Power announced a non-binding letter of intent to monetize its electricity rights and work with a U.S. data center project developer to explore auxiliary and back-up power solutions using the company’s fuel cell technology. The update was shared under Regulation FD and accompanied by a furnished press release (Exhibit 99.1).

The agreement is exploratory and not yet binding, describing potential collaboration rather than a finalized contract.

Plug Power Inc. filed an 8-K reporting the inclusion of a Warrant Inducement Agreement and the forms of two warrant instruments, plus counsel opinion and consent. The filing lists a Form of Warrant Inducement Agreement (Exhibit 1.1), a Form of New Warrant (Exhibit 4.1), a Form of Pre-Funded Warrant (Exhibit 4.2), an opinion of counsel (Exhibit 5.1) and the related consent (Exhibit 23.1). No financial terms, issuance sizes, pricing, or specific deal counterparties are disclosed in the provided text, so the filings primarily document the agreement and legal opinions rather than economic details.

Plug Power Inc. announced a planned leadership transition. Sanjay Shrestha notified the company on October 3, 2025 that he will resign as President effective October 10, 2025, and the company states his resignation is not due to any disagreement on operations, policies, or practices. On the same date, Plug Power appointed Jose Luis Crespo as President effective October 10, 2025 and as Chief Executive Officer effective on or around March 2, 2026, or as of the filing date of the company’s Form 10-K for the year ended December 31, 2025. Andrew J. Marsh will remain Chief Executive Officer until that effective date and will then become Executive Chair of the Board, while George McNamee will serve as Lead Director, both effective October 10, 2025.

Plug Power Inc. filed an update describing a change to its existing at-the-market equity program. The company already has an At Market Issuance Sales Agreement that allows it to offer and sell shares of its common stock, from time to time, through or to B. Riley Securities, Inc. for an aggregate gross sales price of up to $1.0 billion.

On September 29, 2025, Plug Power entered into Amendment No. 4 to this Sales Agreement to add Yorkville Securities, LLC as an additional sales agent and/or principal. All other material terms and conditions of the Sales Agreement remain unchanged, so the filing mainly expands the list of firms that can execute sales under the existing $1.0 billion at-the-market program.

Plug Power Inc. filed a current report describing a new prospectus supplement related to previously issued warrants. The company had sold warrants to purchase 185,430,464 shares of common stock with an exercise price of $2.00 per share, which expire on March 20, 2028, under an underwriting agreement with Oppenheimer & Co. Inc. and other underwriters.

Plug Power has now filed a prospectus supplement to its new automatic shelf registration statement on Form S-3 to register for resale the shares of common stock that may be issued when these warrants are exercised. The filing also includes a legal opinion from Goodwin Procter LLP on the validity of the shares issuable upon exercise of the warrants.

Plug Power Inc. entered into Amendment No. 3 to its existing At Market Issuance Sales Agreement with B. Riley Securities, Inc., which allows Plug Power to offer and sell shares of common stock with an aggregate gross sales price of up to $1.0 billion.

The amendment primarily extends the agreement so it now ends on the earlier of August 15, 2027 or the sale of all shares available under the program. Plug Power agreed to reimburse B. Riley’s legal expenses up to $25,000 related to this amendment, while all other material terms remain unchanged.

Shares sold under this arrangement are issued pursuant to Plug Power’s automatic shelf registration statement on Form S-3 and a related prospectus supplement filed with the SEC on August 15, 2025.

Plug Power Inc. furnished a transcript of its conference call discussing financial results for the second quarter ended June 30, 2025. The company held the call on August 11, 2025, and the transcript is provided as Exhibit 99.1. The information in Item 7.01 and Exhibit 99.1 is being furnished under Regulation FD and is expressly stated not to be "filed" for purposes of Section 18 of the Exchange Act, limiting certain legal liabilities and incorporation by reference unless specifically referenced in future filings.

Plug Power furnished a press release reporting its financial results for the second quarter ended June 30, 2025, and disclosed that it will host a conference call at 4:30 p.m. Eastern accessible via the company website. The press release is provided as Exhibit 99.1 and the filing also includes an Inline XBRL cover page as Exhibit 104.

The filing specifies that the Item 2.02 disclosure and Exhibit 99.1 are furnished, not filed for purposes of Section 18 of the Exchange Act, and the text of the 8-K does not contain the numerical financial results themselves; stakeholders must review the furnished press release or attend the call for the detailed financial figures.

Plug Power Inc. (NASDAQ: PLUG) has filed a Form 8-K to disclose information under Item 7.01 – Regulation FD Disclosure. The filing confirms that the Company will hold its 2025 annual meeting of stockholders on July 3, 2025 at 10:00 a.m. ET. The event will be conducted via live audio webcast at www.virtualshareholdermeeting.com/PLUG2025 and is open to the public.

During the meeting, CEO Andrew J. Marsh will deliver a general corporate overview and stockholders of record will be able to submit written questions. The slide deck to be used at the meeting has been furnished as Exhibit 99.1 – “Presentation of Plug Power Inc., dated July 3, 2025.”

The Company specifies that the information in Item 7.01 and Exhibit 99.1 is being provided pursuant to Regulation FD and is not deemed “filed” for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other securities filings unless expressly stated.

There are no disclosures regarding new financial results, major transactions, or changes in governance contained in this Form 8-K.