Risk factors
PLUG Power (PLUG) risk factors
Item 1A of every PLUG Power Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors52 risks12 new8 dropped35 reworded
Hydrogen infrastructure underutilization, customer concentration and major impairment charges now receive explicit emphasis.
Filed Mar 02, 2026 - FY2024 10-K risk factors48 risks
Plug Power faces severe liquidity pressures with an accumulated deficit of $6.6 billion and substantial debt obligations. The company depends heavily on scaling green hydrogen production, securing external financing, and obtaining pending DOE loan guarantees. Supply chain vulnerabilities and raw material constraints pose ongoing threats to manufacturing margins and product delivery.
Filed Mar 03, 2025