Plug Power Shareholder Notice Issued
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy PLUG?
Source: Globenewswire
- Class Action Notice: The Gross Law Firm has issued a notice to shareholders of Plug Power Inc., encouraging those who purchased shares between January 17, 2025, and November 13, 2025, to contact the firm regarding potential lead plaintiff status for recovery.
- Allegations of Misstatements: The complaint alleges that during the class period, defendants made materially false and/or misleading statements regarding the availability of funds from the U.S. Department of Energy’s Loan Program and the construction of necessary hydrogen production facilities, indicating a potential shift to less lucrative projects.
- Claim Deadline: Shareholders must register by April 3, 2026, to participate in the class action, with failure to register potentially impacting their rights to recovery; registered shareholders will receive updates through a monitoring software provided by the firm.
- Law Firm Credentials: The Gross Law Firm is a nationally recognized class action firm committed to protecting investors' rights who have suffered losses due to deceit and illegal business practices, emphasizing the importance of corporate accountability and responsible business conduct.
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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.
- 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.
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- Class Action Notice: The Gross Law Firm has issued a notice to shareholders of Plug Power Inc., encouraging those who purchased shares between January 17, 2025, and November 13, 2025, to contact the firm regarding potential lead plaintiff status for recovery.
- Allegations of Misstatements: The complaint alleges that during the class period, defendants made materially false and/or misleading statements regarding the availability of funds from the U.S. Department of Energy’s Loan Program and the construction of necessary hydrogen production facilities, indicating a potential shift to less lucrative projects.
- Claim Deadline: Shareholders must register by April 3, 2026, to participate in the class action, with failure to register potentially impacting their rights to recovery; registered shareholders will receive updates through a monitoring software provided by the firm.
- Law Firm Credentials: The Gross Law Firm is a nationally recognized class action firm committed to protecting investors' rights who have suffered losses due to deceit and illegal business practices, emphasizing the importance of corporate accountability and responsible business conduct.
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- 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.
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- 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.
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- 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.
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- 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.
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