Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Plug Power provides hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets and develops infrastructure such as hydrogen production plants [4]. Legal Proceedings - Investors have until April 3, 2026, to request to lead the case in the U.S. District Court for the Northern District of New York, under the case caption Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. Allegations - The lawsuit claims that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. Stock Performance - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the announcement of the abrupt departure of its CEO and President [5]. - On November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company suspended activities under the DOE loan program [6]. - A further drop of $0.48 per share (17.6%) occurred on November 14, 2025, after reports confirmed the suspension of plans to construct hydrogen production facilities, jeopardizing the $1.66 billion DOE loan [7].

NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of BlackRock TCP Capital Corp. (NASDAQ:TCPC) and Plug Power Inc. (NASDAQ: PLUG). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. BlackRock TCP Capital Corp. (NASDAQ:TCPC) Class Period ...

NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG) and certain officers. The class action, filed in the United States District Court for the Northern District of New York, and docketed under 26-cv-00165, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Plug Power securities between January 17, 2025 and Nove ...

Plug Power stock is feeling bearish pressure. What’s behind PLUG decline?Shareholders Double Authorized Plug Power Share CountAt a Feb. 12 special meeting, investors voted to raise Plug's authorized common shares to 3.0 billion from 1.5 billion, according to a Form 8-K filed Feb. 13. The change gives the fuel-cell maker more room to issue equity without returning for another vote, while a separate proposal to alter voting requirements failed.The extra capacity also means Plug can pursue funding without reso ...

Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of New York, captioned Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case, with claims asserted under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Company Background - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. - The company announced a "closed a $1.66 billion loan guarantee" from the U.S. Department of Energy to finance the construction of hydrogen production facilities [4]. Group 3: Stock Performance and Events - On October 7, 2025, the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha led to a stock price drop of $0.26 per share, or 6.3%, from $4.13 to $3.87 [5]. - On November 10, 2025, Plug Power suspended activities under the DOE loan program, causing a further stock drop of $0.09 per share, or 3.4%, from $2.65 to $2.56 [6]. - A report on November 13, 2025, confirmed the suspension of plans to construct hydrogen production facilities, resulting in a stock drop of $0.48 per share, or 17.6%, from $2.49 to $2.25 [7].

Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Plug Power provides hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets and develops infrastructure such as hydrogen production plants [4]. Legal Proceedings - Investors have until April 3, 2026, to request to lead the case in the U.S. District Court for the Northern District of New York, under the caption Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. Allegations - The lawsuit claims that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. Stock Performance - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the announcement of the abrupt departure of its CEO and President [5]. - On November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company suspended activities under the DOE loan program [6]. - A further drop of $0.48 per share (17.6%) occurred on November 14, 2025, after reports confirmed the suspension of plans to construct hydrogen production facilities, jeopardizing the $1.66 billion DOE loan [7].

Core Viewpoint - Plug Power's stockholders approved an increase in authorized shares from 1.5 billion to 3.0 billion, while rejecting a proposal to amend voting requirements for future charter amendments [11][13]. Proposal Summaries - Proposal 1 aimed to amend the company's charter to align voting requirements for certain future amendments with Delaware law, but it was rejected by stockholders [6][13]. - Proposal 2 sought to increase the number of authorized shares of common stock from 1.5 billion to 3.0 billion, which was approved by stockholders [11][13]. Meeting Details - The special meeting of stockholders was held virtually on February 12, 2026, after being adjourned multiple times [5]. - A quorum was established with 463,878,415 shares represented, allowing the meeting to proceed [2]. Voting Process - Stockholders were able to vote online and submit questions during the meeting, with no formal questions submitted regarding the business [4][7]. - CEO Andy Marsh acknowledged the role of retail investors in the approval of Proposal 2 and emphasized the need for easier broker voting in the future [6][10]. Future Plans - The company plans to revisit the rejected Proposal 1 at the annual meeting and work with Nasdaq to facilitate its passage [6][13]. - An updated earnings call is scheduled for March, hosted by the company's president and chief revenue officer [15]. Company Overview - Plug Power specializes in hydrogen fuel cell systems, providing clean energy solutions for electric vehicles and material handling equipment [16]. - The company also develops backup power and off-grid energy solutions targeting telecommunications and utility applications [17].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Plug Power Inc. due to allegations of violations of federal securities laws, encouraging affected investors to seek legal recourse before the April 3, 2026 deadline for lead plaintiff applications in a federal securities class action [4][12]. Group 1: Allegations and Company Actions - The complaint alleges that Plug Power and its executives made false and misleading statements regarding the availability of funds from the DOE Loan and the company's ability to construct necessary hydrogen production facilities [6]. - Following the announcement of the resignation of key executives, including CEO Andrew Marsh and President Sanjay Shrestha, Plug Power's stock price fell by 6.29% to close at $3.87 per share [7][8]. - On November 10, 2025, Plug Power reported a significant pivot in strategy, announcing the suspension of activities under the DOE loan program, which led to a 3.39% decline in stock price to $2.53 per share [9][10]. Group 2: Financial Impact and Stock Performance - The suspension of plans to construct hydrogen production facilities put at risk the $1.66 billion DOE Loan, resulting in a 17.58% drop in stock price over two trading sessions, closing at $2.25 per share on November 14, 2025 [11]. - The company had previously indicated to analysts that they should not expect revenue from the data center power generation segment for the next two to three years, highlighting a significant change in expectations [9][10].

Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of New York, captioned Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case [3]. Group 2: Company Background - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. Group 3: Allegations and Stock Performance - The lawsuit alleges that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. - Following the announcement of the CEO and President's abrupt departure on October 7, 2025, Plug Power's stock dropped by $0.26 per share, or 6.3%, from $4.13 to $3.87 [5]. - On November 10, 2025, the company announced the suspension of activities under the DOE loan program, leading to a further stock drop of $0.09 per share, or 3.4%, from $2.65 to $2.56 [6]. - A report on November 13, 2025, confirmed the suspension of plans to construct hydrogen facilities, resulting in a stock drop of $0.48 per share, or 17.6%, from $2.49 to $2.25 [7].

Core Viewpoint - Investors in Plug Power Inc. who incurred losses exceeding $100,000 during the specified class period may have the opportunity to lead a securities fraud lawsuit against the company, with a deadline for lead plaintiff applications set for April 3, 2026 [1]. Summary by Relevant Sections Class Action Details - The Rosen Law Firm is reminding investors who purchased Plug Power securities between January 17, 2025, and November 13, 2025, of their potential entitlement to compensation through a class action lawsuit [1]. - A class action lawsuit has already been filed, and interested parties must apply to serve as lead plaintiff by the specified deadline [1]. Allegations Against Plug Power - The lawsuit alleges that during the class period, defendants made false or misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the construction of hydrogen production facilities [1]. - It is claimed that Plug Power was likely to shift towards less ambitious projects with lower commercial potential, which rendered the company's public statements materially false and misleading [1]. Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [1]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [1].