Plug Power, Allied Green Expand Partnership With New Uzbekistan Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2025
0mins
Should l Buy PLUG?
Source: Benzinga
Partnership Expansion: Plug Power Inc has expanded its partnership with Allied Green Ammonia, signing a 2-gigawatt electrolyzer agreement for a $5.5 billion sustainable fuels project in Uzbekistan, which will be announced at the Tashkent International Investment Forum.
Global Impact and Growth: The project aims to produce green urea, sustainable aviation fuel, and green diesel, contributing to a total of 5 GW of electrolyzer capacity across continents, highlighting Plug's leadership in hydrogen technology and the increasing demand for clean fuel solutions.
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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: 1.960
Low
0.75
Averages
2.46
High
7.00
Current: 1.960
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 Faces Financial Challenges in 2026
- Stock Volatility: Plug Power's stock surged from around $2 to over $4 late last year but has since fallen back to about $2, reflecting the company's volatility and the impact of market sentiment on its hydrogen fuel cell systems business.
- Economic Viability Issues: Despite the potential of hydrogen fuel cells in sectors like aviation, they remain economically uncompetitive compared to traditional fossil fuels, with experts predicting that cost competitiveness is years, if not decades, away, forcing Plug Power to rely on experimental projects and government subsidies to stay afloat.
- Need for Government Support: Future stock price increases for Plug Power will largely depend on government assistance, including subsidized loans, military contracts, or heavy taxes on competing fuels; without such support, sustaining stock prices in the short term will be challenging.
- Management Change: Plug Power is set to replace its CEO, with Jose Luis Crespo taking over from Andy Marsh, who has led the company since 2008 and oversaw a more than 90% decline in stock value during his tenure, a change that may impact the company's strategic direction going forward.
See More
Plug Power Faces Securities Fraud Class Action Lawsuit
- Lawsuit Notification: Kirby McInerney LLP has alerted investors who purchased Plug Power securities between January 17 and November 13, 2025, to apply for lead plaintiff status by April 3, 2026, or risk losing their rights, which could significantly impact the outcome of the class action lawsuit.
- Executive Changes Impact: On October 7, 2025, Plug Power announced the resignation of CEO Andrew Marsh and President Sanjay Shrestha, resulting in a 6.3% drop in stock price from $4.13 to $3.87, indicating market sensitivity to leadership changes.
- Financing Agreement Changes: On October 8, 2025, Plug Power entered into an agreement for the immediate exercise of all outstanding warrants, expecting to raise approximately $370 million; however, the stock price fell 5.4%, reflecting investor concerns over the intended use of funds.
- Project Suspension Impact: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, leading to a 17.6% drop in stock price from $2.73 to $2.25, highlighting significant financial and operational challenges facing the company.
See More
Plug Power Faces Class Action Lawsuit Notification
- Lawsuit Background: Levi & Korsinsky LLP has notified Plug Power investors of a class action lawsuit due to alleged securities fraud, covering the period from January 17, 2025, to November 13, 2025, aimed at recovering losses for affected investors.
- Allegations Details: The complaint alleges that defendants made false statements, overstating the likelihood of securing funds from the U.S. Department of Energy's loan program and concealing the risk of Plug Power pivoting to less ambitious projects, resulting in materially false and misleading public statements throughout the relevant period.
- Investor Rights: Affected Plug Power investors must apply by April 3, 2026, to be appointed as lead plaintiff to participate in potential recovery, with no out-of-pocket costs or fees required, thus lowering the barrier for investor participation in the lawsuit.
- Law Firm Expertise: With 20 years of experience in securities litigation, Levi & Korsinsky has secured hundreds of millions for aggrieved shareholders and has been ranked among the top securities litigation firms in the U.S. for seven consecutive years, showcasing its expertise and successful track record in complex securities cases.
See More
Notice to Plug Power Shareholders Regarding Class Action
- Shareholder Action Notice: The Gross Law Firm has issued a notice to shareholders of Plug Power Inc., encouraging those who purchased PLUG shares between January 17, 2025, and November 13, 2025, to contact the firm for potential lead plaintiff appointment, indicating legal risks for the company.
- Allegations of False Statements: The lawsuit alleges that Plug Power made materially false and misleading statements during the class period, particularly regarding the availability of funds from the U.S. Department of Energy's loan program and the feasibility of constructing hydrogen production facilities, which may expose shareholders to losses.
- Registration Deadline: Shareholders must register by April 3, 2026, to participate in the class action; failure to register will prevent them from receiving potential compensation, underscoring the importance of timely action.
- Law Firm Background: The Gross Law Firm is a nationally recognized class action law firm committed to protecting investor rights and ensuring companies adhere to responsible business practices, highlighting its professionalism and dedication to safeguarding investor interests.
See More
Reminder for Plug Power Investors on Class Action Deadline
- Executive Changes Impact: On October 7, 2025, Plug Power announced the resignation of its CEO and President, resulting in a 6.3% drop in stock price to $3.87 per share, causing significant losses for investors.
- Monetization Plans: On November 10, 2025, the company revealed a nonbinding letter of intent to monetize its electricity rights in New York with a major U.S. data center developer, leading to a 3.4% decline in stock price to $2.53 per share.
- Hydrogen Facility Plans Suspended: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, causing a 17.6% drop in stock price over two days to $2.25 per share, further exacerbating investor losses.
- Class Action Context: The class action lawsuit alleges that the company failed to disclose material adverse facts about its business and prospects throughout the class period, with investors able to request lead plaintiff status by April 3, 2026, to recover losses.
See More
Plug Power Accused of Misleading Investors
- Lawsuit Background: Robbins LLP reminds investors of a class action filed on behalf of shareholders who purchased Plug Power (NASDAQ: PLUG) securities between January 17, 2025, and November 13, 2025, alleging the company failed to disclose critical information regarding the DOE loan, potentially leading to investor losses.
- Loan Guarantee Issues: On January 16, 2025, Plug Power announced a $1.66 billion loan guarantee from the U.S. DOE, claiming it would finance the construction of six zero or low-carbon hydrogen production facilities; however, the complaint alleges the company overstated the likelihood of fund availability, impacting investor decisions.
- Financial Results Impact: Following the financial report released on November 10, 2025, where Plug Power expected to generate over $275 million in liquidity and announced the suspension of DOE loan activities, the stock price fell by 3.39% in subsequent trading, reflecting market concerns about the company's outlook.
- Subsequent Stock Price Volatility: On November 13, 2025, reports confirmed Plug Power's suspension of plans to construct hydrogen production facilities, leading to a 17.58% drop in stock price over the next two trading sessions, indicating a significant decline in investor confidence regarding the company's future prospects.
See More
Plug Power Faces Financial Challenges in 2026
- Stock Volatility: Plug Power's stock surged from around $2 to over $4 late last year but has since fallen back to about $2, reflecting the company's volatility and the impact of market sentiment on its hydrogen fuel cell systems business.
- Economic Viability Issues: Despite the potential of hydrogen fuel cells in sectors like aviation, they remain economically uncompetitive compared to traditional fossil fuels, with experts predicting that cost competitiveness is years, if not decades, away, forcing Plug Power to rely on experimental projects and government subsidies to stay afloat.
- Need for Government Support: Future stock price increases for Plug Power will largely depend on government assistance, including subsidized loans, military contracts, or heavy taxes on competing fuels; without such support, sustaining stock prices in the short term will be challenging.
- Management Change: Plug Power is set to replace its CEO, with Jose Luis Crespo taking over from Andy Marsh, who has led the company since 2008 and oversaw a more than 90% decline in stock value during his tenure, a change that may impact the company's strategic direction going forward.
See More
Plug Power Faces Securities Fraud Class Action Lawsuit
- Lawsuit Notification: Kirby McInerney LLP has alerted investors who purchased Plug Power securities between January 17 and November 13, 2025, to apply for lead plaintiff status by April 3, 2026, or risk losing their rights, which could significantly impact the outcome of the class action lawsuit.
- Executive Changes Impact: On October 7, 2025, Plug Power announced the resignation of CEO Andrew Marsh and President Sanjay Shrestha, resulting in a 6.3% drop in stock price from $4.13 to $3.87, indicating market sensitivity to leadership changes.
- Financing Agreement Changes: On October 8, 2025, Plug Power entered into an agreement for the immediate exercise of all outstanding warrants, expecting to raise approximately $370 million; however, the stock price fell 5.4%, reflecting investor concerns over the intended use of funds.
- Project Suspension Impact: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, leading to a 17.6% drop in stock price from $2.73 to $2.25, highlighting significant financial and operational challenges facing the company.
See More
Plug Power Faces Class Action Lawsuit Notification
- Lawsuit Background: Levi & Korsinsky LLP has notified Plug Power investors of a class action lawsuit due to alleged securities fraud, covering the period from January 17, 2025, to November 13, 2025, aimed at recovering losses for affected investors.
- Allegations Details: The complaint alleges that defendants made false statements, overstating the likelihood of securing funds from the U.S. Department of Energy's loan program and concealing the risk of Plug Power pivoting to less ambitious projects, resulting in materially false and misleading public statements throughout the relevant period.
- Investor Rights: Affected Plug Power investors must apply by April 3, 2026, to be appointed as lead plaintiff to participate in potential recovery, with no out-of-pocket costs or fees required, thus lowering the barrier for investor participation in the lawsuit.
- Law Firm Expertise: With 20 years of experience in securities litigation, Levi & Korsinsky has secured hundreds of millions for aggrieved shareholders and has been ranked among the top securities litigation firms in the U.S. for seven consecutive years, showcasing its expertise and successful track record in complex securities cases.
See More
Notice to Plug Power Shareholders Regarding Class Action
- Shareholder Action Notice: The Gross Law Firm has issued a notice to shareholders of Plug Power Inc., encouraging those who purchased PLUG shares between January 17, 2025, and November 13, 2025, to contact the firm for potential lead plaintiff appointment, indicating legal risks for the company.
- Allegations of False Statements: The lawsuit alleges that Plug Power made materially false and misleading statements during the class period, particularly regarding the availability of funds from the U.S. Department of Energy's loan program and the feasibility of constructing hydrogen production facilities, which may expose shareholders to losses.
- Registration Deadline: Shareholders must register by April 3, 2026, to participate in the class action; failure to register will prevent them from receiving potential compensation, underscoring the importance of timely action.
- Law Firm Background: The Gross Law Firm is a nationally recognized class action law firm committed to protecting investor rights and ensuring companies adhere to responsible business practices, highlighting its professionalism and dedication to safeguarding investor interests.
See More
Reminder for Plug Power Investors on Class Action Deadline
- Executive Changes Impact: On October 7, 2025, Plug Power announced the resignation of its CEO and President, resulting in a 6.3% drop in stock price to $3.87 per share, causing significant losses for investors.
- Monetization Plans: On November 10, 2025, the company revealed a nonbinding letter of intent to monetize its electricity rights in New York with a major U.S. data center developer, leading to a 3.4% decline in stock price to $2.53 per share.
- Hydrogen Facility Plans Suspended: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, causing a 17.6% drop in stock price over two days to $2.25 per share, further exacerbating investor losses.
- Class Action Context: The class action lawsuit alleges that the company failed to disclose material adverse facts about its business and prospects throughout the class period, with investors able to request lead plaintiff status by April 3, 2026, to recover losses.
See More
Plug Power Accused of Misleading Investors
- Lawsuit Background: Robbins LLP reminds investors of a class action filed on behalf of shareholders who purchased Plug Power (NASDAQ: PLUG) securities between January 17, 2025, and November 13, 2025, alleging the company failed to disclose critical information regarding the DOE loan, potentially leading to investor losses.
- Loan Guarantee Issues: On January 16, 2025, Plug Power announced a $1.66 billion loan guarantee from the U.S. DOE, claiming it would finance the construction of six zero or low-carbon hydrogen production facilities; however, the complaint alleges the company overstated the likelihood of fund availability, impacting investor decisions.
- Financial Results Impact: Following the financial report released on November 10, 2025, where Plug Power expected to generate over $275 million in liquidity and announced the suspension of DOE loan activities, the stock price fell by 3.39% in subsequent trading, reflecting market concerns about the company's outlook.
- Subsequent Stock Price Volatility: On November 13, 2025, reports confirmed Plug Power's suspension of plans to construct hydrogen production facilities, leading to a 17.58% drop in stock price over the next two trading sessions, indicating a significant decline in investor confidence regarding the company's future prospects.
See More
