Plug Power Inc. filings document the public-company record for a hydrogen solutions business with common stock listed on the Nasdaq Capital Market. The company’s disclosures cover operating and financial results, its hydrogen production and infrastructure activities, electrolyzer and fuel cell businesses, and risk and governance topics tied to scaling an integrated hydrogen ecosystem.
Plug’s SEC record includes definitive proxy materials, current reports on Form 8-K, and material-event disclosures. These filings address board and executive matters, shareholder voting, amendments to the certificate of incorporation, authorized common stock, material agreements, capital-structure matters, operating results and other governance updates.
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 director Maureen O. Helmer reported an open-market sale of 50,000 shares of common stock at a weighted average price of $3.2324 per share. After this transaction, she directly holds 321,565 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 9, 2026, indicating it was scheduled in advance rather than timed opportunistically.
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 Inc. reported first-quarter 2026 results showing higher sales but wider losses. Net revenue reached $163.5M, up from $133.7M a year earlier, driven mainly by electrolyzer, hydrogen infrastructure and fuel sales. Gross loss improved to $21.6M from $73.9M as costs fell.
Net loss attributable to Plug Power widened to $245.3M (basic and diluted loss per share $0.18) from $196.7M (loss per share $0.21). Cash, cash equivalents and restricted cash totaled $802.0M, and working capital was $734.1M. The company continues to post negative operating cash flow but believes existing liquidity, plus at-the-market and standby equity facilities, will fund operations for at least 12 months.
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. has issued its 2026 proxy statement for the June 11 virtual annual meeting, outlining strategy, governance matters, and key votes. Stockholders will elect four Class III directors, vote on an advisory say‑on‑pay proposal, ratify Deloitte & Touche as auditor, and consider adding 25,000,000 shares to the 2021 Stock Option and Incentive Plan.
The proxy highlights execution under new CEO Jose Luis Crespo, including 2025 revenue of approximately $710 million, up 13% year‑over‑year, and a return to positive gross profit in the fourth quarter, supported by “Project Quantum Leap” cost and efficiency initiatives. Management reports reduced cash usage versus 2024 and is targeting positive EBITDAS in the fourth quarter of 2026.
Plug describes a focused growth strategy around three core businesses: material handling (over 74,000 fuel cell systems in the field with customers such as Amazon, Walmart and Home Depot), electrolyzers (more than 320 megawatts deployed and roughly $8 billion in qualified pipeline opportunities), and hydrogen supply via U.S. production facilities. The Board emphasizes a separated leadership structure with a non‑executive chairman, a lead independent director, and fully independent key committees overseeing audit, compensation, governance, strategy, and regulatory compliance.
Plug Power Inc ownership update: Vanguard Capital Management reports beneficial ownership of 73,043,212 shares of Common Stock as of 03/31/2026, representing 5.23% of the class. The filing shows Vanguard has sole dispositive power over 73,043,212 shares and sole voting power for 10,492,774 shares.
The Schedule 13G was signed by Ashley Grim on 04/30/2026 and notes holdings include securities held for Vanguard funds and managed accounts.
Kenausis Gregory reported acquisition or exercise transactions in this Form 4 filing.
Plug Power Inc. director Gregory Kenausis received an equity grant of 8,712 shares of Common Stock on April 1, 2026. The grant is described as compensation awarded to directors under Plug Power Inc.'s Non-Employee Director Compensation Plan, meaning it is part of regular board pay rather than an open-market purchase. Following this award, Kenausis directly holds 470,679 shares of Plug Power common stock.