Class Action Lawsuit Against Plug Power Inc. Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy PLUG?
Source: Globenewswire
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against Plug Power for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, concerning securities purchased between January 17, 2025, and November 13, 2025.
- False Statements Allegation: The complaint alleges that Plug Power misled investors regarding the feasibility of building hydrogen production facilities, indicating a potential pivot to smaller projects with limited commercial viability, thus making public statements materially misleading.
- Loss Recovery Opportunity: Affected investors are encouraged to contact the Schall Law Firm before April 3, 2026, to participate in the lawsuit and seek compensation for their losses, highlighting significant failures in the company's disclosure practices.
- Legal Consultation Services: The Schall Law Firm offers free legal consultations to help investors understand their rights, emphasizing that until the class action is certified, investors are not represented by an attorney.
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Analyst Views on PLUG
Wall Street analysts forecast PLUG stock price to rise
15 Analyst Rating
4 Buy
8 Hold
3 Sell
Hold
Current: 1.910
Low
0.75
Averages
2.46
High
7.00
Current: 1.910
Low
0.75
Averages
2.46
High
7.00
About PLUG
Plug Power Inc. is engaged in offering end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals. The Company develops commercially viable hydrogen and fuel cell product solutions. It provides electrolyzers that allow customers, such as refineries, producers of chemicals, steel, fertilizer and commercial refueling stations, to generate hydrogen on-site. It focuses on industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution sites and environmental benefits; stationary power systems that supports critical operations, such as data centers, microgrids and generation facilities, in either a backup power or continuous power role and replace batteries, diesel generators or the grid for telecommunication logistics, transportation, and utility customers; and production of hydrogen.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Plug Power Shares Bounce Back as Shareholders Approve Increase
- Shareholder Approval: Plug Power shareholders have approved a significant increase in authorized common shares, which provides the company with more flexibility to raise capital for its hydrogen projects, although it raises concerns about potential dilution of future earnings per share, potentially impacting investor confidence.
- Stock Performance Analysis: Plug Power shares are currently trading at $1.88, which is 11.3% below the 20-day simple moving average and 22.7% below the 100-day simple moving average, indicating short-term weakness despite a 5.68% increase over the past 12 months.
- Technical Indicator Signals: The relative strength index (RSI) stands at 39.10, indicating a neutral position, while the moving average convergence divergence (MACD) is at -0.1056, below its signal line of -0.0670, suggesting bearish pressure on the stock and uncertainty in its near-term direction.
- Upcoming Earnings Forecast: Plug Power is set to report earnings on March 2, 2026, with an estimated loss of 10 cents per share and revenue forecasted at $218.70 million, indicating potential for revenue growth despite current challenges.
See More
Reminder for Plug Power Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Plug Power securities between January 17 and November 13, 2025, to apply as lead plaintiffs by April 3, 2026, to participate in the class action without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that Plug Power made false or misleading statements during the class period, overstating the likelihood of funds from the U.S. Department of Energy's loan, which led to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, recovering over $438 million for investors in 2019, showcasing its strong track record in this field.
- Investor Guidance: Investors are advised to carefully select law firms with proven success in leadership roles, avoiding firms that merely act as intermediaries, to ensure effective legal representation in the class action.
See More
Class Action Lawsuit Against Plug Power Inc. Announced
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against Plug Power for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, concerning securities purchased between January 17, 2025, and November 13, 2025.
- False Statements Allegation: The complaint alleges that Plug Power misled investors regarding the feasibility of building hydrogen production facilities, indicating a potential pivot to smaller projects with limited commercial viability, thus making public statements materially misleading.
- Loss Recovery Opportunity: Affected investors are encouraged to contact the Schall Law Firm before April 3, 2026, to participate in the lawsuit and seek compensation for their losses, highlighting significant failures in the company's disclosure practices.
- Legal Consultation Services: The Schall Law Firm offers free legal consultations to help investors understand their rights, emphasizing that until the class action is certified, investors are not represented by an attorney.
See More
Faruqi & Faruqi Encourages Plug Power Investors to Reach Out
- Investor Loss Alert: Securities Litigation Partner Josh Wilson from Faruq & Faruq LLP is urging Plug Power investors who suffered losses exceeding $50,000 between January 17, 2025, and November 13, 2025, to contact him directly to discuss their legal options, highlighting the firm's commitment to investor rights.
- Legal Action Notification: The firm is investigating potential claims against Plug Power and reminds investors of the April 3, 2026, deadline to seek the role of lead plaintiff in a federal securities class action filed against the company, indicating the urgency of the situation.
- Litigation Context: Plug Power is facing legal challenges due to potential securities fraud, with investor losses possibly linked to poor financial performance or inadequate disclosures, which could undermine investor confidence and the company's reputation.
- Contact Information Provided: Investors can reach out to Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) for more information and legal support, ensuring their rights are protected.
See More
Plug Power Faces Class Action Lawsuit Impacting Stock Price
- Class Action Filed: Pomerantz LLP has initiated a class action lawsuit against Plug Power and certain executives in the U.S. District Court for the Northern District of New York, representing investors who purchased securities between January 17 and November 13, 2025, seeking damages for violations of federal securities laws, highlighting significant investor concerns regarding the company's compliance and transparency.
- Executive Departures Impact: The resignation of CEO Andrew Marsh and President Sanjay Shrestha led to a 6.29% drop in Plug Power's stock price to $3.87 per share, indicating market uncertainty and declining confidence in the company's future leadership just before the release of critical financial results.
- Financing Plan Stalled: Plug Power announced on October 10, 2025, the suspension of its loan program with the U.S. Department of Energy, despite previously committing to utilize a $1.66 billion loan to construct six hydrogen production facilities, which may adversely affect the company's liquidity and project timelines, exacerbating market concerns about its financial health.
- Stock Price Volatility: Following the announcement of the suspension of hydrogen facility construction, Plug Power's stock price fell by 17.58% over the next trading sessions to $2.25 per share, reflecting strong investor skepticism regarding the company's future profitability and project viability.
See More
Reminder of Class Action Lawsuit for Plug Power Securities
- Class Action Notice: Rosen Law Firm reminds investors who purchased Plug Power securities between January 17 and November 13, 2025, to apply as lead plaintiffs by April 3, 2026, to participate in the class action and potentially receive compensation.
- Lawsuit Background: The lawsuit alleges that Plug Power made false and misleading statements during the class period, claiming that the availability of funds from the U.S. Department of Energy was overstated, which led to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its expertise and success in this field.
- Participation Instructions: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, ensuring they select qualified legal counsel to represent them in the lawsuit and avoid inexperienced intermediary firms.
See More
Plug Power Shares Bounce Back as Shareholders Approve Increase
- Shareholder Approval: Plug Power shareholders have approved a significant increase in authorized common shares, which provides the company with more flexibility to raise capital for its hydrogen projects, although it raises concerns about potential dilution of future earnings per share, potentially impacting investor confidence.
- Stock Performance Analysis: Plug Power shares are currently trading at $1.88, which is 11.3% below the 20-day simple moving average and 22.7% below the 100-day simple moving average, indicating short-term weakness despite a 5.68% increase over the past 12 months.
- Technical Indicator Signals: The relative strength index (RSI) stands at 39.10, indicating a neutral position, while the moving average convergence divergence (MACD) is at -0.1056, below its signal line of -0.0670, suggesting bearish pressure on the stock and uncertainty in its near-term direction.
- Upcoming Earnings Forecast: Plug Power is set to report earnings on March 2, 2026, with an estimated loss of 10 cents per share and revenue forecasted at $218.70 million, indicating potential for revenue growth despite current challenges.
See More
Reminder for Plug Power Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Plug Power securities between January 17 and November 13, 2025, to apply as lead plaintiffs by April 3, 2026, to participate in the class action without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that Plug Power made false or misleading statements during the class period, overstating the likelihood of funds from the U.S. Department of Energy's loan, which led to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, recovering over $438 million for investors in 2019, showcasing its strong track record in this field.
- Investor Guidance: Investors are advised to carefully select law firms with proven success in leadership roles, avoiding firms that merely act as intermediaries, to ensure effective legal representation in the class action.
See More
Class Action Lawsuit Against Plug Power Inc. Announced
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against Plug Power for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, concerning securities purchased between January 17, 2025, and November 13, 2025.
- False Statements Allegation: The complaint alleges that Plug Power misled investors regarding the feasibility of building hydrogen production facilities, indicating a potential pivot to smaller projects with limited commercial viability, thus making public statements materially misleading.
- Loss Recovery Opportunity: Affected investors are encouraged to contact the Schall Law Firm before April 3, 2026, to participate in the lawsuit and seek compensation for their losses, highlighting significant failures in the company's disclosure practices.
- Legal Consultation Services: The Schall Law Firm offers free legal consultations to help investors understand their rights, emphasizing that until the class action is certified, investors are not represented by an attorney.
See More
Faruqi & Faruqi Encourages Plug Power Investors to Reach Out
- Investor Loss Alert: Securities Litigation Partner Josh Wilson from Faruq & Faruq LLP is urging Plug Power investors who suffered losses exceeding $50,000 between January 17, 2025, and November 13, 2025, to contact him directly to discuss their legal options, highlighting the firm's commitment to investor rights.
- Legal Action Notification: The firm is investigating potential claims against Plug Power and reminds investors of the April 3, 2026, deadline to seek the role of lead plaintiff in a federal securities class action filed against the company, indicating the urgency of the situation.
- Litigation Context: Plug Power is facing legal challenges due to potential securities fraud, with investor losses possibly linked to poor financial performance or inadequate disclosures, which could undermine investor confidence and the company's reputation.
- Contact Information Provided: Investors can reach out to Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) for more information and legal support, ensuring their rights are protected.
See More
Plug Power Faces Class Action Lawsuit Impacting Stock Price
- Class Action Filed: Pomerantz LLP has initiated a class action lawsuit against Plug Power and certain executives in the U.S. District Court for the Northern District of New York, representing investors who purchased securities between January 17 and November 13, 2025, seeking damages for violations of federal securities laws, highlighting significant investor concerns regarding the company's compliance and transparency.
- Executive Departures Impact: The resignation of CEO Andrew Marsh and President Sanjay Shrestha led to a 6.29% drop in Plug Power's stock price to $3.87 per share, indicating market uncertainty and declining confidence in the company's future leadership just before the release of critical financial results.
- Financing Plan Stalled: Plug Power announced on October 10, 2025, the suspension of its loan program with the U.S. Department of Energy, despite previously committing to utilize a $1.66 billion loan to construct six hydrogen production facilities, which may adversely affect the company's liquidity and project timelines, exacerbating market concerns about its financial health.
- Stock Price Volatility: Following the announcement of the suspension of hydrogen facility construction, Plug Power's stock price fell by 17.58% over the next trading sessions to $2.25 per share, reflecting strong investor skepticism regarding the company's future profitability and project viability.
See More
Reminder of Class Action Lawsuit for Plug Power Securities
- Class Action Notice: Rosen Law Firm reminds investors who purchased Plug Power securities between January 17 and November 13, 2025, to apply as lead plaintiffs by April 3, 2026, to participate in the class action and potentially receive compensation.
- Lawsuit Background: The lawsuit alleges that Plug Power made false and misleading statements during the class period, claiming that the availability of funds from the U.S. Department of Energy was overstated, which led to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its expertise and success in this field.
- Participation Instructions: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, ensuring they select qualified legal counsel to represent them in the lawsuit and avoid inexperienced intermediary firms.
See More
