Reminder of Class Action Lawsuit for Plug Power Securities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy PLUG?
Source: PRnewswire
- 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.
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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: 1.860
Low
0.75
Averages
2.46
High
7.00
Current: 1.860
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
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 Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Plug Power is facing a class action lawsuit for allegedly misleading investors during the period from January 17 to November 13, 2025, with a deadline of April 3, 2026, for investors to apply as lead plaintiffs, which could influence litigation strategy and settlement outcomes.
- Executive Changes Impact: On October 7, 2025, Plug Power announced the resignations of CEO Andrew Marsh and President Sanjay Shrestha, resulting in a 6.3% drop in share price from $4.13 to $3.87, indicating market sensitivity to leadership changes.
- Financing Agreement and Stock Fluctuation: Plug Power entered into an agreement for the immediate exercise of $370 million in warrants, which could yield $1.4 billion if fully exercised; however, the stock price fell by 5.4% from $3.87 to $3.66, reflecting negative market sentiment.
- Project Suspension and Market Reaction: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, leading to a significant 17.6% drop in share price from $2.73 to $2.25, highlighting investor concerns about the company's future direction.
See More
Multiple Companies Facing Class Action Lawsuits
- Richtech Robotics Lawsuit: Richtech Robotics Inc. is facing allegations of false statements regarding a supposed collaboration with Microsoft during the class period from January 27 to January 29, 2026, misleading investors about the company's prospects, with a lead plaintiff deadline of April 3, 2026.
- Plug Power Lawsuit: Plug Power, Inc. is accused of overstating the availability of funds related to a DOE loan during the class period from January 17 to November 13, 2025, potentially forcing the company to pivot to smaller projects, with a lead plaintiff deadline of April 3, 2026.
- Picard Medical Lawsuit: Picard Medical, Inc. faces allegations of being involved in a fraudulent stock promotion scheme from September 2 to October 31, 2025, failing to disclose insider trading activities, with a lead plaintiff deadline of April 3, 2026.
- BlackRock TCP Capital Lawsuit: BlackRock TCP Capital Corp. is accused of failing to appropriately value investments during the class period from November 6, 2024, to January 23, 2026, leading to an overstated net asset value, with a lead plaintiff deadline of April 6, 2026.
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Class Action: Richtech Robotics Inc. (NASDAQ:RR) faces a class action lawsuit for failing to disclose its non-existent collaboration with Microsoft during the class period from January 27 to January 29, 2026, with a lead plaintiff motion deadline of April 3, 2026, for affected investors.
- Picard Medical Allegations: Picard Medical, Inc. (NYSE:PMI) is implicated in a class action lawsuit for a fraudulent stock promotion scheme involving social media misinformation during the period from September 2 to October 31, 2025, requiring investors to act by April 3, 2026, to participate.
- Plug Power Misrepresentation: Plug Power, Inc. (NASDAQ:PLUG) is accused in a class action lawsuit of materially overstating the availability of funds from a DOE loan during the class period from January 17 to November 13, 2025, with a deadline for lead plaintiff motions set for April 3, 2026.
- Legal Firm Advisory: The Law Offices of Frank R. Cruz remind affected investors that participation in these class actions does not require immediate action, but they are encouraged to consult legal counsel to understand their rights and interests.
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
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 Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Plug Power is facing a class action lawsuit for allegedly misleading investors during the period from January 17 to November 13, 2025, with a deadline of April 3, 2026, for investors to apply as lead plaintiffs, which could influence litigation strategy and settlement outcomes.
- Executive Changes Impact: On October 7, 2025, Plug Power announced the resignations of CEO Andrew Marsh and President Sanjay Shrestha, resulting in a 6.3% drop in share price from $4.13 to $3.87, indicating market sensitivity to leadership changes.
- Financing Agreement and Stock Fluctuation: Plug Power entered into an agreement for the immediate exercise of $370 million in warrants, which could yield $1.4 billion if fully exercised; however, the stock price fell by 5.4% from $3.87 to $3.66, reflecting negative market sentiment.
- Project Suspension and Market Reaction: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, leading to a significant 17.6% drop in share price from $2.73 to $2.25, highlighting investor concerns about the company's future direction.
See More
Multiple Companies Facing Class Action Lawsuits
- Richtech Robotics Lawsuit: Richtech Robotics Inc. is facing allegations of false statements regarding a supposed collaboration with Microsoft during the class period from January 27 to January 29, 2026, misleading investors about the company's prospects, with a lead plaintiff deadline of April 3, 2026.
- Plug Power Lawsuit: Plug Power, Inc. is accused of overstating the availability of funds related to a DOE loan during the class period from January 17 to November 13, 2025, potentially forcing the company to pivot to smaller projects, with a lead plaintiff deadline of April 3, 2026.
- Picard Medical Lawsuit: Picard Medical, Inc. faces allegations of being involved in a fraudulent stock promotion scheme from September 2 to October 31, 2025, failing to disclose insider trading activities, with a lead plaintiff deadline of April 3, 2026.
- BlackRock TCP Capital Lawsuit: BlackRock TCP Capital Corp. is accused of failing to appropriately value investments during the class period from November 6, 2024, to January 23, 2026, leading to an overstated net asset value, with a lead plaintiff deadline of April 6, 2026.
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Class Action: Richtech Robotics Inc. (NASDAQ:RR) faces a class action lawsuit for failing to disclose its non-existent collaboration with Microsoft during the class period from January 27 to January 29, 2026, with a lead plaintiff motion deadline of April 3, 2026, for affected investors.
- Picard Medical Allegations: Picard Medical, Inc. (NYSE:PMI) is implicated in a class action lawsuit for a fraudulent stock promotion scheme involving social media misinformation during the period from September 2 to October 31, 2025, requiring investors to act by April 3, 2026, to participate.
- Plug Power Misrepresentation: Plug Power, Inc. (NASDAQ:PLUG) is accused in a class action lawsuit of materially overstating the availability of funds from a DOE loan during the class period from January 17 to November 13, 2025, with a deadline for lead plaintiff motions set for April 3, 2026.
- Legal Firm Advisory: The Law Offices of Frank R. Cruz remind affected investors that participation in these class actions does not require immediate action, but they are encouraged to consult legal counsel to understand their rights and interests.
See More
