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.
Mahtani Kavita reported acquisition or exercise transactions in this Form 4 filing.
Plug Power Inc. director Kavita Mahtani received a grant of 9,956 shares of Common Stock as compensation. The award was made on April 1, 2026 under Plug Power Inc.'s Non-Employee Director Compensation Plan at a reported price of $2.26 per share.
Following this grant, Mahtani directly holds 239,847 shares of Plug Power Common Stock. This is a compensation-related equity award, not an open-market purchase, and represents a routine adjustment in her equity-based director compensation.
Angle Colin M reported acquisition or exercise transactions in this Form 4 filing.
PLUG POWER INC director Colin M. Angle received a stock award of 3,872 shares of common stock as compensation. The shares were granted at a value of $2.26 per share under Plug Power Inc.'s Non-Employee Director Compensation Plan. Following this equity grant, Angle directly holds 109,791 shares of Plug Power common stock.
BONNEY MARK J reported acquisition or exercise transactions in this Form 4 filing.
PLUG POWER INC director Mark J. Bonney received a grant of 10,509 shares of Common Stock as compensation. The shares were awarded at a price of $2.26 per share under Plug Power Inc.'s Non-Employee Director Compensation Plan. Following this equity award, Bonney directly holds 223,013 shares of Plug Power common stock.
Joggerst Patrick reported acquisition or exercise transactions in this Form 4 filing.
PLUG POWER INC director Patrick Joggerst received a grant of 8,850 shares of Common Stock as compensation. The shares were awarded on April 1, 2026 under Plug Power Inc.'s Non-Employee Director Compensation Plan at a reported price of $2.26 per share.
Following this equity award, Joggerst directly holds 205,787 shares of Plug Power common stock. This transaction reflects a compensation-related share grant rather than an open-market purchase or sale.
Marsh Andrew reported acquisition or exercise transactions in this Form 4 filing.
PLUG POWER INC director Andrew Marsh received a stock grant and corrected prior share counts. He was awarded 3,688 shares of common stock at $2.26 per share as compensation under Plug Power’s Non-Employee Director Compensation Plan, bringing his directly held shares to 853,378.
Previous reports had overstated his direct holdings; they included gross shares instead of net shares after tax withholding on stock compensation. Those prior holdings were revised down by 80,856 shares to 849,690 before this grant. Marsh also holds 121,878 Plug Power shares in the company’s 401(k) plan, based on a statement as of April 9, 2026.
BlackRock, Inc. filed an amendment to Schedule 13G reporting beneficial ownership of 146,967,765 shares of PLUG POWER INC common stock, representing 10.5% of the class. The filing shows BlackRock has sole voting power for 144,843,382 shares and sole dispositive power for 146,967,765 shares. The filing is signed by a Managing Director on 04/07/2026.
Plug Power Inc ownership update: The Vanguard Group reports zero shares beneficially owned of Plug Power common stock after an internal realignment effective 01/12/2026. The amendment states the realignment caused certain Vanguard subsidiaries and business divisions to report holdings separately, and Vanguard no longer is deemed to beneficially own those subsidiary holdings.
The filing was signed by Ashley Grim on 03/27/2026 and lists 0 shares and 0% ownership, with no sole or shared voting or dispositive power reported.
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 Inc. describes an end-to-end clean hydrogen business spanning electrolyzers, fuel cells, liquefaction, cryogenic equipment and liquid hydrogen production, with over 74,000 fuel cell systems deployed and more than 275 fueling stations, primarily serving large material-handling and industrial customers in North America and Europe.
The company reports heavy dependence on a few large customers, with Walmart representing 24.2% of 2025 revenue and a second customer 14.3%. Orders totaled about $724.1 million as of December 31, 2025, with contract terms ranging from 90 days to 10 years.
Plug highlights significant financial strain: a 2025 net loss of about $1.7 billion, an accumulated deficit of $8.2 billion, and negative operating cash flow, partly funded through $703.5 million of debt and finance obligations. Working capital was $799.7 million, including $368.5 million of cash and $186.7 million of current restricted cash.
The company details risks around hydrogen availability, supply-chain constraints, commodity price volatility, inflation, labor shortages and intense competition from batteries and other hydrogen technologies. It has suspended activity under a U.S. Department of Energy loan facility while discussing revised plans, and warns it may need additional capital or strategic transactions to continue executing its strategy.
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.