Plug Power Shareholder Files Class Action Lawsuit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy PLUG?
Source: Globenewswire
- Class Action Initiated: A shareholder has filed a class action lawsuit against Plug Power Inc. on February 5, 2026, representing investors who purchased securities between January 17 and November 13, 2025, indicating significant concerns regarding the company's financial transparency.
- Lawsuit Allegations: The lawsuit alleges that defendants made misrepresentations concerning a loan from the Department of Energy (DOE) and Plug Power's ability to construct necessary hydrogen production facilities, which could undermine investor confidence and negatively impact stock performance.
- Legal Procedure Details: Investors wishing to serve as lead plaintiffs must file papers by April 3, 2026, highlighting the urgency of the lawsuit and its potential implications for investor rights and recovery.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993, showcasing its extensive experience and success in class action litigation, which may bolster investor confidence in the lawsuit's outcome.
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Analyst Views on PLUG
Wall Street analysts forecast PLUG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLUG is 2.46 USD with a low forecast of 0.75 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
4 Buy
8 Hold
3 Sell
Hold
Current: 2.050
Low
0.75
Averages
2.46
High
7.00
Current: 2.050
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 Completes First Hydrogen Fill for Rotterdam Pipeline
- Hydrogen Infrastructure Progress: Plug Power has completed the first hydrogen fill for a 32-kilometer pipeline in Rotterdam, marking a significant advancement in European hydrogen infrastructure and enabling large-scale clean hydrogen transport, which is crucial for regional energy transition.
- Enhanced Transport Capacity: The project supplied 32 tons of RFNBO-certified renewable green hydrogen, utilizing Plug's fleet of 40-ft MEGC trailers, each capable of transporting over 1,000 kg of compressed hydrogen, significantly improving the reliability of the hydrogen supply chain.
- Successful Case Reference: Plug Power's previous success in delivering 44 tons of hydrogen to Germany's H2CAST project showcases its strong capabilities in hydrogen delivery, further solidifying its key role in the hydrogen economy.
- Strategic Partnerships and Expansion: Plug Power's strategic partnerships and engineering solutions ensure a reliable supply chain for hydrogen distribution, and as the company expands its network in Rotterdam and across Europe, its role in supporting industrial decarbonization and energy security becomes increasingly vital.
See More
Plug Power Shareholder Files Class Action Lawsuit
- Class Action Initiated: A shareholder has filed a class action lawsuit against Plug Power Inc. on February 5, 2026, representing investors who purchased securities between January 17 and November 13, 2025, indicating significant concerns regarding the company's financial transparency.
- Lawsuit Allegations: The lawsuit alleges that defendants made misrepresentations concerning a loan from the Department of Energy (DOE) and Plug Power's ability to construct necessary hydrogen production facilities, which could undermine investor confidence and negatively impact stock performance.
- Legal Procedure Details: Investors wishing to serve as lead plaintiffs must file papers by April 3, 2026, highlighting the urgency of the lawsuit and its potential implications for investor rights and recovery.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993, showcasing its extensive experience and success in class action litigation, which may bolster investor confidence in the lawsuit's outcome.
See More
Plug Power Under Investigation for Possible Securities Law Violations
- 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 Strategy: On November 10, 2025, Plug Power 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, indicating market concerns over the company's strategic direction.
- Project Suspension Risks: On November 13, 2025, The Washington Examiner reported that Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen facilities, potentially jeopardizing a $1.66 billion DOE loan secured in January, which caused a 17.6% stock price drop over two days to $2.25 per share, exacerbating investor losses.
- Legal Consultation Opportunity: The Law Offices of Howard G. Smith are offering legal consultations for Plug Power investors, encouraging affected investors to reach out for potential claims to recover losses, highlighting the importance of legal action as a means of investor protection.
See More
Class Action Lawsuit Filed Against Plug Power Inc.
- Lawsuit Background: DJS Law Group reminds investors of a class action lawsuit against Plug Power Inc. (NASDAQ: PLUG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, covering the period from January 17, 2025, to November 13, 2025.
- False Statement Allegations: The complaint alleges that Plug Power made false and misleading statements, overstating its chances of receiving DOE loan funding, which misled investors and negatively impacted the company's stock price during the class period.
- Investor Participation Opportunity: Shareholders who suffered losses are encouraged to contact DJS Law Group to participate in the lawsuit, with the understanding that appointment as lead plaintiff is not required for recovery, thus providing a potential avenue for loss recovery.
- Law Group Expertise: DJS Law Group focuses on enhancing investor returns through balanced counseling and aggressive advocacy, specializing in securities class actions and corporate governance litigation, serving some of the largest hedge funds and alternative asset managers, which underscores its expertise and influence in the legal field.
See More
Plug Power Faces Class Action Lawsuit Amid Significant Stock Drops
- Class Action Filed: Bleichmar Fonti & Auld LLP has initiated a class action lawsuit against Plug Power and its executives for securities fraud, following significant stock declines due to potential violations of federal securities laws, with investors encouraged to apply to lead the case by April 3, 2026.
- Stock Price Volatility: Plug Power's stock dropped 6.3% from $4.13 to $3.87 on October 7, 2025, after the abrupt departure of its CEO and President; a month later, the stock fell another 3.4% due to the suspension of activities under the DOE loan program.
- Loan Guarantee Risks: The company announced a $1.66 billion DOE loan guarantee for hydrogen production projects but is accused of overstating the likelihood of securing these funds, leading to diminished investor confidence and ongoing stock price declines.
- Legal Options for Investors: Investors in Plug Power may have legal recourse, with BFA offering representation on a contingency fee basis, ensuring no upfront costs for shareholders, which underscores the firm's commitment to protecting investor rights.
See More
Plug Power Under Investigation Amid CEO Departures and Stock Declines
- Executive Departures Impact: On October 7, 2025, Plug Power announced the resignation of both its CEO and President, resulting in a stock price drop of $0.26, or 6.3%, closing at $3.87 per share, significantly undermining investor confidence.
- Capital Restructuring Plan: On November 10, 2025, Plug Power signed a non-binding letter of intent to monetize its electricity rights in New York with a major U.S. data center developer, leading to the suspension of its DOE loan program, causing a further stock decline of $0.09, or 3.4%, to $2.53 per share.
- Project Suspension Risks: On November 13, 2025, The Washington Examiner reported that Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, potentially jeopardizing a $1.66 billion DOE loan secured in January, with the stock falling $0.48, or 17.6%, over two days to close at $2.25 per share.
- Investor Losses Intensify: The combination of executive departures and project suspensions has led to a continuous decline in Plug Power's stock price, resulting in significant losses for investors, prompting legal investigations into possible violations of securities laws and encouraging affected investors to pursue claims.
See More
Plug Power Completes First Hydrogen Fill for Rotterdam Pipeline
- Hydrogen Infrastructure Progress: Plug Power has completed the first hydrogen fill for a 32-kilometer pipeline in Rotterdam, marking a significant advancement in European hydrogen infrastructure and enabling large-scale clean hydrogen transport, which is crucial for regional energy transition.
- Enhanced Transport Capacity: The project supplied 32 tons of RFNBO-certified renewable green hydrogen, utilizing Plug's fleet of 40-ft MEGC trailers, each capable of transporting over 1,000 kg of compressed hydrogen, significantly improving the reliability of the hydrogen supply chain.
- Successful Case Reference: Plug Power's previous success in delivering 44 tons of hydrogen to Germany's H2CAST project showcases its strong capabilities in hydrogen delivery, further solidifying its key role in the hydrogen economy.
- Strategic Partnerships and Expansion: Plug Power's strategic partnerships and engineering solutions ensure a reliable supply chain for hydrogen distribution, and as the company expands its network in Rotterdam and across Europe, its role in supporting industrial decarbonization and energy security becomes increasingly vital.
See More
Plug Power Shareholder Files Class Action Lawsuit
- Class Action Initiated: A shareholder has filed a class action lawsuit against Plug Power Inc. on February 5, 2026, representing investors who purchased securities between January 17 and November 13, 2025, indicating significant concerns regarding the company's financial transparency.
- Lawsuit Allegations: The lawsuit alleges that defendants made misrepresentations concerning a loan from the Department of Energy (DOE) and Plug Power's ability to construct necessary hydrogen production facilities, which could undermine investor confidence and negatively impact stock performance.
- Legal Procedure Details: Investors wishing to serve as lead plaintiffs must file papers by April 3, 2026, highlighting the urgency of the lawsuit and its potential implications for investor rights and recovery.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993, showcasing its extensive experience and success in class action litigation, which may bolster investor confidence in the lawsuit's outcome.
See More
Plug Power Under Investigation for Possible Securities Law Violations
- 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 Strategy: On November 10, 2025, Plug Power 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, indicating market concerns over the company's strategic direction.
- Project Suspension Risks: On November 13, 2025, The Washington Examiner reported that Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen facilities, potentially jeopardizing a $1.66 billion DOE loan secured in January, which caused a 17.6% stock price drop over two days to $2.25 per share, exacerbating investor losses.
- Legal Consultation Opportunity: The Law Offices of Howard G. Smith are offering legal consultations for Plug Power investors, encouraging affected investors to reach out for potential claims to recover losses, highlighting the importance of legal action as a means of investor protection.
See More
Class Action Lawsuit Filed Against Plug Power Inc.
- Lawsuit Background: DJS Law Group reminds investors of a class action lawsuit against Plug Power Inc. (NASDAQ: PLUG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, covering the period from January 17, 2025, to November 13, 2025.
- False Statement Allegations: The complaint alleges that Plug Power made false and misleading statements, overstating its chances of receiving DOE loan funding, which misled investors and negatively impacted the company's stock price during the class period.
- Investor Participation Opportunity: Shareholders who suffered losses are encouraged to contact DJS Law Group to participate in the lawsuit, with the understanding that appointment as lead plaintiff is not required for recovery, thus providing a potential avenue for loss recovery.
- Law Group Expertise: DJS Law Group focuses on enhancing investor returns through balanced counseling and aggressive advocacy, specializing in securities class actions and corporate governance litigation, serving some of the largest hedge funds and alternative asset managers, which underscores its expertise and influence in the legal field.
See More
Plug Power Faces Class Action Lawsuit Amid Significant Stock Drops
- Class Action Filed: Bleichmar Fonti & Auld LLP has initiated a class action lawsuit against Plug Power and its executives for securities fraud, following significant stock declines due to potential violations of federal securities laws, with investors encouraged to apply to lead the case by April 3, 2026.
- Stock Price Volatility: Plug Power's stock dropped 6.3% from $4.13 to $3.87 on October 7, 2025, after the abrupt departure of its CEO and President; a month later, the stock fell another 3.4% due to the suspension of activities under the DOE loan program.
- Loan Guarantee Risks: The company announced a $1.66 billion DOE loan guarantee for hydrogen production projects but is accused of overstating the likelihood of securing these funds, leading to diminished investor confidence and ongoing stock price declines.
- Legal Options for Investors: Investors in Plug Power may have legal recourse, with BFA offering representation on a contingency fee basis, ensuring no upfront costs for shareholders, which underscores the firm's commitment to protecting investor rights.
See More
Plug Power Under Investigation Amid CEO Departures and Stock Declines
- Executive Departures Impact: On October 7, 2025, Plug Power announced the resignation of both its CEO and President, resulting in a stock price drop of $0.26, or 6.3%, closing at $3.87 per share, significantly undermining investor confidence.
- Capital Restructuring Plan: On November 10, 2025, Plug Power signed a non-binding letter of intent to monetize its electricity rights in New York with a major U.S. data center developer, leading to the suspension of its DOE loan program, causing a further stock decline of $0.09, or 3.4%, to $2.53 per share.
- Project Suspension Risks: On November 13, 2025, The Washington Examiner reported that Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, potentially jeopardizing a $1.66 billion DOE loan secured in January, with the stock falling $0.48, or 17.6%, over two days to close at $2.25 per share.
- Investor Losses Intensify: The combination of executive departures and project suspensions has led to a continuous decline in Plug Power's stock price, resulting in significant losses for investors, prompting legal investigations into possible violations of securities laws and encouraging affected investors to pursue claims.
See More
