Plug Power Faces Class Action Lawsuit Reminder
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy PLUG?
Source: Businesswire
- Class Action Reminder: The Schall Law Firm reminds investors of a class action lawsuit against Plug Power for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between January 17, 2025, and November 13, 2025, with a deadline to contact the firm by April 3, 2026.
- False Statements Allegation: The complaint alleges that Plug Power misled the market regarding its ability to build hydrogen production facilities necessary for receiving DOE loan funds, which could lead to a shift towards smaller, less commercially viable projects.
- Market Reaction Impact: As the truth about Plug Power emerged, investors suffered damages, indicating that the company's public statements were false and materially misleading throughout the class period, significantly affecting investor decisions.
- Legal Consultation Opportunity: The Schall Law Firm encourages affected investors to reach out for free legal consultations before the class is certified, ensuring that their rights are protected during this litigation process.
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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: 1.820
Low
0.75
Averages
2.46
High
7.00
Current: 1.820
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
Class Action Filed Against Plug Power for Securities Violations
- Class Action Initiated: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Plug Power, seeking damages for investors who purchased securities between January 17 and November 13, 2025, highlighting significant investor concerns regarding corporate transparency.
- Allegations of False Statements: The complaint alleges that throughout the class period, defendants made false and misleading statements and failed to disclose the true availability of funds related to the DOE Loan and the construction of hydrogen production facilities, potentially leading investors to misjudge the company's future prospects.
- Limited Business Outlook: As a result of the defendants' alleged false statements, Plug Power may need to pivot towards more modest projects, which could impact its commercial potential and market competitiveness, prompting investors to be wary of potential financial losses.
- Investor Action Recommendations: Affected investors are advised to apply for lead plaintiff status by April 3, 2026, to participate in any potential recovery, with the law firm promising to charge fees only upon success, thereby reducing financial risk for investors.
See More
Class Action Alerts for BlackRock TCP Capital and Plug Power Investors
- BlackRock TCP Capital Lawsuit: A class action has been initiated against BlackRock TCP Capital, alleging that from November 2024 to January 2026, management failed to disclose timely investment valuation issues, leading to an overstated net asset value, which resulted in a 19% decline in asset value announced on January 23, 2026, causing a 12.97% drop in stock price to $5.10 per share, highlighting severe transparency issues in the company's finances.
- Plug Power Lawsuit: Plug Power is also facing a class action for the period from January to November 2025, with allegations that executives misrepresented the availability of funds related to the DOE loan, leading to a 6.29% drop in stock price to $3.87 per share as the company pivoted to more conservative projects, indicating uncertainty in its strategic direction.
- Executive Changes Impact: The abrupt resignation of Plug Power's CEO and President in October 2025 led to a decline in market confidence, with stock prices falling further after the earnings report, reflecting potential negative impacts of leadership changes on company operations.
- Financial Results and Market Reaction: Plug Power's November 2025 earnings report indicated an expectation of over $275 million in liquidity, yet the suspension of the DOE loan program caused a 17.58% drop in stock price to $2.25 per share over two days, suggesting increasing market concerns about the company's financial health.
See More
Notice of Class Action Lawsuit Against 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 potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Plug Power made false and misleading statements during the class period, overstating the availability of funds from the U.S. Department of Energy, 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 No. 1 by ISS Securities Class Action Services in 2017, highlighting its strong track record and expertise in this field.
- Investor Guidance: Investors are advised to carefully select qualified counsel with proven success in litigation to avoid partnering with firms that lack actual litigation capabilities, ensuring they receive the best representation and support in the class action.
See More
Analysis of Bearish Pressure on Plug Power Stock
- Shareholder Vote Increases Shares: At a special meeting on February 12, investors voted to raise Plug Power's authorized common shares from 1.5 billion to 3.0 billion, providing the company with more room to issue equity without needing another vote, thereby enhancing its financing flexibility.
- Enhanced Financing Capability: The increased equity cushion allows Plug Power to refinance debt, fund hydrogen plants and infrastructure, and support large industrial and data center customers, although this also raises the risk of shareholder dilution.
- Weak Stock Performance: Plug Power's current stock price is $1.84, which is 9.8% below its 20-day simple moving average and 4.1% below its 100-day simple moving average, indicating a weak short-term trend and positioning the stock closer to its 52-week lows.
- Technical Indicators Show Pressure: The relative strength index (RSI) is at 44.45, indicating neutral territory, while the MACD is below its signal line, suggesting bearish pressure on the stock, prompting investors to exercise caution in the current environment.
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 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.
- Executive Departures Impact: The announcement of CEO Andrew Marsh and President Sanjay Shrestha stepping down led to a 6.29% drop in Plug Power's stock price to $3.87 per share, indicating potential negative implications for the company's future performance due to abrupt leadership changes.
- Deteriorating Financial Outlook: In its Q3 2025 financial report, Plug Power projected over $275 million in liquidity but simultaneously announced a suspension of its DOE loan program, marking a significant strategic pivot that could affect its long-term growth potential.
- Project Construction Risks: Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, jeopardizing the $1.66 billion DOE loan, which resulted in a 17.58% decline in stock price to $2.25 per share in subsequent trading, reflecting market pessimism about the company's future prospects.
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
Class Action Filed Against Plug Power for Securities Violations
- Class Action Initiated: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Plug Power, seeking damages for investors who purchased securities between January 17 and November 13, 2025, highlighting significant investor concerns regarding corporate transparency.
- Allegations of False Statements: The complaint alleges that throughout the class period, defendants made false and misleading statements and failed to disclose the true availability of funds related to the DOE Loan and the construction of hydrogen production facilities, potentially leading investors to misjudge the company's future prospects.
- Limited Business Outlook: As a result of the defendants' alleged false statements, Plug Power may need to pivot towards more modest projects, which could impact its commercial potential and market competitiveness, prompting investors to be wary of potential financial losses.
- Investor Action Recommendations: Affected investors are advised to apply for lead plaintiff status by April 3, 2026, to participate in any potential recovery, with the law firm promising to charge fees only upon success, thereby reducing financial risk for investors.
See More
Class Action Alerts for BlackRock TCP Capital and Plug Power Investors
- BlackRock TCP Capital Lawsuit: A class action has been initiated against BlackRock TCP Capital, alleging that from November 2024 to January 2026, management failed to disclose timely investment valuation issues, leading to an overstated net asset value, which resulted in a 19% decline in asset value announced on January 23, 2026, causing a 12.97% drop in stock price to $5.10 per share, highlighting severe transparency issues in the company's finances.
- Plug Power Lawsuit: Plug Power is also facing a class action for the period from January to November 2025, with allegations that executives misrepresented the availability of funds related to the DOE loan, leading to a 6.29% drop in stock price to $3.87 per share as the company pivoted to more conservative projects, indicating uncertainty in its strategic direction.
- Executive Changes Impact: The abrupt resignation of Plug Power's CEO and President in October 2025 led to a decline in market confidence, with stock prices falling further after the earnings report, reflecting potential negative impacts of leadership changes on company operations.
- Financial Results and Market Reaction: Plug Power's November 2025 earnings report indicated an expectation of over $275 million in liquidity, yet the suspension of the DOE loan program caused a 17.58% drop in stock price to $2.25 per share over two days, suggesting increasing market concerns about the company's financial health.
See More
Notice of Class Action Lawsuit Against 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 potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Plug Power made false and misleading statements during the class period, overstating the availability of funds from the U.S. Department of Energy, 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 No. 1 by ISS Securities Class Action Services in 2017, highlighting its strong track record and expertise in this field.
- Investor Guidance: Investors are advised to carefully select qualified counsel with proven success in litigation to avoid partnering with firms that lack actual litigation capabilities, ensuring they receive the best representation and support in the class action.
See More
Analysis of Bearish Pressure on Plug Power Stock
- Shareholder Vote Increases Shares: At a special meeting on February 12, investors voted to raise Plug Power's authorized common shares from 1.5 billion to 3.0 billion, providing the company with more room to issue equity without needing another vote, thereby enhancing its financing flexibility.
- Enhanced Financing Capability: The increased equity cushion allows Plug Power to refinance debt, fund hydrogen plants and infrastructure, and support large industrial and data center customers, although this also raises the risk of shareholder dilution.
- Weak Stock Performance: Plug Power's current stock price is $1.84, which is 9.8% below its 20-day simple moving average and 4.1% below its 100-day simple moving average, indicating a weak short-term trend and positioning the stock closer to its 52-week lows.
- Technical Indicators Show Pressure: The relative strength index (RSI) is at 44.45, indicating neutral territory, while the MACD is below its signal line, suggesting bearish pressure on the stock, prompting investors to exercise caution in the current environment.
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 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.
- Executive Departures Impact: The announcement of CEO Andrew Marsh and President Sanjay Shrestha stepping down led to a 6.29% drop in Plug Power's stock price to $3.87 per share, indicating potential negative implications for the company's future performance due to abrupt leadership changes.
- Deteriorating Financial Outlook: In its Q3 2025 financial report, Plug Power projected over $275 million in liquidity but simultaneously announced a suspension of its DOE loan program, marking a significant strategic pivot that could affect its long-term growth potential.
- Project Construction Risks: Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, jeopardizing the $1.66 billion DOE loan, which resulted in a 17.58% decline in stock price to $2.25 per share in subsequent trading, reflecting market pessimism about the company's future prospects.
See More
