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]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Plug Power securities [3]. Group 2: Company Background - Plug Power provides 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 projects [4]. Group 3: Stock Performance and Events - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha, from $4.13 to $3.87 per share [5]. - On November 10, 2025, the company announced the suspension of activities under the DOE loan program, leading to a stock drop of $0.09 per share (3.4%), from $2.65 to $2.56 per share [6]. - On November 13, 2025, it was reported that Plug Power confirmed the suspension of plans to construct hydrogen production facilities, resulting in a stock drop of $0.48 per share (17.6%), from $2.49 to $2.25 per share [7].

Core Viewpoint - Plug Power's stock has experienced significant volatility, with a recent surge from $2 to over $4 per share in late 2025, but is currently back around $2, raising questions about potential future price increases in 2026 [1][2]. Financial Performance - The current market capitalization of Plug Power is approximately $2.8 billion, with a day's trading range between $2.04 and $2.16, and a 52-week range from $0.69 to $4.58 [3]. - The company has a gross margin of -7128.74%, indicating ongoing financial struggles [3]. Business Model Challenges - Plug Power's hydrogen fuel cell systems are currently economically unviable compared to conventional energy systems, which poses a significant challenge for the company's business model [4][6]. - Experts predict that hydrogen fuel will not be cost-competitive for many years, leading Plug Power to rely on experimental projects and government subsidies to sustain operations [6]. Market Opportunities - The potential for Plug Power's stock to rise significantly in 2026 hinges on government assistance, such as subsidized loans or military contracts, as few other catalysts are expected to positively impact stock prices in the short term [9][12]. - Recent positive developments for Plug Power included the delivery of the first 10 electrolyzer units and securing contracts in Uzbekistan and Nevada, which contributed to the stock's previous surge [10]. Leadership Changes - The company is undergoing a leadership transition, with Jose Luis Crespo set to replace Andy Marsh as CEO, who has been in the position since 2008 and oversaw a significant decline in stock value [11]. Long-term Outlook - While there is potential for hydrogen to play a role in the renewable energy economy in the future, the current investment landscape for Plug Power is viewed as risky due to share dilution and ongoing financial losses [13].

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Plug Power, Inc. ("Plug Power†or the "Company†) (NASDAQ: PLUG) securities between January 17, 2025 and November 13, 2025, inclusive (the "Class Period†). Plug Power investors have until April 3, 2026 to file a lead plaintiff motion. IF YOU SUFFERED A L. ...

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Plug Power Inc. securities during the specified Class Period, indicating potential legal issues for the company related to misleading statements made by its defendants [1][5]. Group 1: Class Action Details - The class action lawsuit is on behalf of investors who purchased Plug Power securities between January 17, 2025, and November 13, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors must act by April 3, 2026, if they wish to serve as lead plaintiff [1][3]. Group 2: Allegations Against Plug Power - The lawsuit alleges that defendants made false and misleading statements regarding the likelihood of funds from the U.S. Department of Energy's Loan being available to Plug Power [5]. - It is claimed that Plug Power was likely to pivot towards less ambitious projects, which would have less commercial upside [5]. - The lawsuit asserts that the public statements made by Plug Power were materially false and misleading throughout the Class Period, leading to investor damages when the truth was revealed [5]. Group 3: Rosen Law Firm's Credentials - 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 [4]. - 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 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Plug Power Inc. on behalf of investors who purchased securities between January 17, 2025, and November 13, 2025, alleging misrepresentations regarding a loan from the Department of Energy and the company's ability to construct necessary hydrogen production facilities [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements about a loan from the Department of Energy and Plug Power's capability to build hydrogen production facilities to access the loan funds [5]. - Investors who purchased Plug Power securities during the specified period and incurred losses are encouraged to consider joining the class action [2][3]. Group 2: Legal Process - Individuals wishing to serve as lead plaintiff must file necessary documents by April 3, 2026, and participation as a lead plaintiff is not required to share in any potential recovery [4]. - All legal representation in this case operates on a contingency fee basis, meaning shareholders will not incur any fees or expenses [4]. Group 3: Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since its establishment in 1993 and has a strong track record in class action litigation [6].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Plug Power Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements about funding and project viability [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Plug Power between January 17, 2025, and November 13, 2025, to discuss their legal options [1]. - There is a deadline of April 3, 2026, for investors to seek the role of lead plaintiff in a federal securities class action against Plug Power [2]. - The complaint alleges that Plug Power and its executives made false statements regarding the availability of funds from the DOE Loan and the company's project plans [4]. Group 2: Executive Changes and Market Reaction - On October 7, 2025, Plug Power announced the resignation of CEO Andrew Marsh and President Sanjay Shrestha, with Jose Luis Crespo appointed to both roles, which raised concerns about the company's stability [5]. - Following the announcement of executive changes, Plug Power's stock price fell by $0.26 per share, or 6.29%, closing at $3.87 [6]. - On November 10, 2025, Plug Power reported financial results indicating a significant pivot in strategy, including the suspension of activities under the DOE loan program, which had not been previously disclosed [7]. Group 3: Financial Performance and Stock Price Impact - After the financial results announcement, Plug Power's stock price dropped by $0.09 per share, or 3.39%, closing at $2.53 on November 11, 2025 [8]. - Following a report confirming the suspension of plans to construct hydrogen production facilities, Plug Power's stock price fell by $0.48 per share, or 17.58%, closing at $2.25 on November 14, 2025 [9].

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 specializes in 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, which 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]. 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 decline occurred on November 14, 2025, when the stock dropped by $0.48 per share (17.6%) after reports confirmed the suspension of plans to construct hydrogen production facilities, jeopardizing the $1.66 billion DOE loan [7].

Core Viewpoint - A class action lawsuit has been filed against Plug Power, Inc. for alleged securities fraud, impacting shareholders who acquired securities between January 17, 2025, and November 13, 2025 [1] Company Developments - On October 7, 2025, Plug Power announced the resignation of its CEO and President, leading to a stock price decline of $0.26, or 6.3%, closing at $3.87 per share [1] - On November 10, 2025, the company revealed a nonbinding letter of intent to monetize electricity rights, resulting in a further stock price drop of $0.09, or 3.4%, to close at $2.53 per share [1] - Following a report on November 13, 2025, regarding the suspension of plans to construct hydrogen production facilities, Plug Power's stock fell by $0.48, or 17.6%, closing at $2.25 per share [1] Allegations in the Lawsuit - The lawsuit claims that Plug Power's management made materially false or misleading statements and failed to disclose adverse facts about the company's operations and prospects [1] - Specific allegations include overstating the likelihood of receiving funds from a $1.66 billion DOE loan and the company's ability to construct necessary hydrogen production facilities [1] - The lawsuit asserts that the company's positive statements lacked a reasonable basis, misleading investors about its business outlook [1]

Plug Power (NASDAQ: PLUG) has had its issues over the years. While the company created the first commercially viable market for hydrogen fuel cell technology, the industry has been slow to develop. As a result, the company has struggled to turn a profit over the years. However, Plug Power has worked to turn around its struggling operations while focusing on its best growth opportunities. That's powering my interest in the hydrogen stock's potential pivot toward generating income in the coming years. Where ...

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 - The complaint alleges that Plug Power materially overstated the likelihood of receiving funds from 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]. Group 4: Stock Performance - Following the announcement of the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha 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 suspension of activities under the DOE loan program led 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, confirming the suspension of plans to construct hydrogen facilities resulted in a significant stock decline of $0.48 per share, or 17.6%, from $2.49 to $2.25 [7].