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- Securities Litigation (new) — Two new securities class actions filed in 2023-2024 alleging misstatements about hydrogen production capacity and supply chain management.
PLUG: revenue $177.1M, net income -$361.9M. Plug Power narrows losses, raises equity, discloses securities litigation and supplier charge
Filed November 10, 2025 · Period ending September 30, 2025 · Compared to 10-Q Nov 12, 2024 · ~1 min read
Key Changes
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Company raised $279.9M in May 2025 registered direct offering and issued $262.5M in new 15% secured debt to Yorkville, reflecting ongoing liquidity needs amid operational losses.
MD&A: Financing Activities verify on EDGAR → -
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Legal Proceedings verify on EDGAR →
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Q3 2025 inventory write-downs totaled $65.4M (vs $12.3M prior year), driven by excess electrolyzer stacks, fuel cells, and cryogenic equipment amid slower demand.
MD&A: Cost of Revenue verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 14, 2026 · How we verify