PLUG POWER (PLUG) Company Report

A class action lawsuit has been filed against Plug Power, Inc. (NASDAQ: PLUG) with a Class Period from January 17, 2025, to November 13, 2025.
The Lead Plaintiff Deadline for this lawsuit is April 3, 2026.
The complaint alleges that defendants made false and/or misleading statements by materially overstating the likelihood that funds from the DOE Loan would become available and that Plug Power would construct the necessary hydrogen production facilities.
It is also alleged that Plug Power was likely to pivot toward more modest projects with less commercial upside, making the defendants' positive statements about the company's business, operations, and prospects materially misleading.

10 hours ago

Press Release

Plug Power Faces Securities Fraud Class Action Lawsuit Over DOE Funding

PLUG

Legal Proceedings

CEO Change

New Projects/Investments

A securities fraud class action lawsuit has been filed against Plug Power Inc. (PLUG) and its senior executives.
The lawsuit alleges misstatements concerning the likelihood of securing U.S. Department of Energy (DOE) loan funds and building hydrogen production facilities.
The Lead Plaintiff Deadline for investors to join the lawsuit is April 3, 2026.
The company's stock experienced significant declines in October and November 2025, including a 17.6% drop on November 14, 2025, linked to the suspension of DOE loan program activities and the departure of its CEO and President.

16 hours ago

Press Release

Plug Power Enters $132.5 Million Asset Sale Agreement with Stream Data Centers

PLUG

M&A

Plug Power Inc. entered into a definitive agreement with Stream Data Centers on February 24, 2026, to sell its interest in the Project Gateway site in New York, which includes land, associated infrastructure, and select substation-related assets.
The transaction is expected to generate gross proceeds of at least $132.5 million, with total proceeds potentially reaching $142 million.
This asset sale represents the first phase of Plug Power's strategic initiative aimed at achieving more than $275 million in liquidity improvement through asset monetization, release of restricted cash, and reduced maintenance expenses.
The closing of this transaction is anticipated to occur on or before June 30, 2026.

1 day ago

8-K

Plug Power faces class action lawsuit

PLUG

Legal Proceedings

New Projects/Investments

Management Change

Pomerantz LLP has filed a class action lawsuit against Plug Power Inc. and certain officers, covering the period from January 17, 2025, to November 13, 2025.
The lawsuit alleges that defendants made materially false and misleading statements regarding the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy (DOE) and the construction of hydrogen production facilities.
The complaint highlights that Plug Power announced a $1.66 billion DOE loan guarantee on January 16, 2025, but later announced the suspension of activities under the DOE loan program on November 10, 2025.
Investors who purchased Plug Power securities during the class period have until April 3, 2026, to seek appointment as Lead Plaintiff.

1 day ago

Press Release

Plug Power Faces Securities Fraud Class Action After Stock Drops

PLUG

Legal Proceedings

Management Change

New Projects/Investments

A class action lawsuit has been filed against Plug Power Inc. and its senior executives for securities fraud by Bleichmar Fonti & Auld LLP.
The lawsuit alleges Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Dept. of Energy and constructing hydrogen production facilities.
Significant stock drops occurred in late 2025, including a 6.3% decrease on October 7, 2025, following the departure of its CEO and President, and a 17.6% decrease on November 13, 2025, after confirming the suspension of activities under the DOE loan program.
Investors have until April 3, 2026, to seek appointment as lead plaintiff in the case.

3 days ago

Press Release

Plug Power Faces Class Action Lawsuit

PLUG

Legal Proceedings

Management Change

New Projects/Investments

A class action lawsuit has been filed against Plug Power Inc. and certain officers for alleged materially false and misleading statements made between January 17, 2025, and November 13, 2025.
The lawsuit claims Plug Power overstated the likelihood of receiving funds from a $1.66 billion U.S. Department of Energy (DOE) Loan and constructing hydrogen production facilities.
Significant stock price declines followed the departure of CEO Andrew Marsh and President Sanjay Shrestha on October 7, 2025, and the subsequent announcement on November 10, 2025, that the company had suspended activities under the DOE loan program.
The suspension of the DOE loan program, which was intended to finance up to six hydrogen production projects, led to a total stock price drop of over 20% across multiple trading sessions in November 2025.
The deadline for investors to seek appointment as Lead Plaintiff in the class action is April 3, 2026.

3 days ago

Press Release

Plug Power Faces Securities Fraud Lawsuit Amid DOE Funding Issues and Executive Departures

PLUG

Legal Proceedings

Management Change

New Projects/Investments

A class action lawsuit has been filed against Plug Power Inc. and its senior executives for securities fraud by Bleichmar Fonti & Auld LLP.
The lawsuit alleges Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Dept. of Energy (DOE) and constructing hydrogen production facilities.
Plug Power's stock experienced significant drops in late 2025, including a 6.3% decline on October 7, 2025, following the departure of its CEO and President, and a 17.6% decline on November 14, 2025, after confirming the suspension of activities related to the DOE loan program.
Investors have until April 3, 2026, to ask the Court to be appointed to lead the case.

7 days ago

Press Release

Plug Power Faces Securities Class Action Lawsuit

PLUG

Legal Proceedings

Management Change

Guidance Update

Faruqi & Faruqi, LLP is investigating Plug Power Inc. for potential federal securities law violations, with a class action lawsuit filed.
Investors who suffered losses exceeding $50,000 between January 17, 2025, and November 13, 2025, are encouraged to contact the firm, with the lead plaintiff deadline set for April 3, 2026.
The complaint alleges that the company made false and/or misleading statements regarding the likelihood of DOE Loan funds and the construction of hydrogen production facilities, indicating a pivot to more modest projects.
Executive changes occurred on October 7, 2025, with CEO Andrew Marsh and President Sanjay Shrestha stepping down, leading to a 6.29% stock price decline.
On November 10, 2025, Plug Power announced the suspension of activities under the DOE loan program, causing a further 3.39% stock price drop, followed by an additional 17.58% decline on November 13, 2025, after confirmation of the $1.66 billion DOE Loan being at risk.

8 days ago

Press Release

Plug Power Faces Class Action Lawsuit

PLUG

Legal Proceedings

Management Change

New Projects/Investments

A class action lawsuit has been filed against Plug Power Inc. and certain officers for alleged materially false and misleading statements regarding the company's business, operations, and compliance policies, covering the period from January 17, 2025, to November 13, 2025.
The lawsuit specifically claims Plug Power overstated the likelihood of receiving funds from a $1.66 billion U.S. Department of Energy (DOE) loan and constructing the hydrogen production facilities it was intended to finance.
On November 10, 2025, Plug Power announced the suspension of activities under the DOE loan program, a significant pivot from its prior plans, which put the $1.66 billion DOE Loan at risk.
This news, along with the earlier announcement of CEO Andrew Marsh and President Sanjay Shrestha's departures on October 7, 2025, resulted in significant stock price declines, including a 17.58% drop over two trading sessions in November 2025.

Feb 20, 2026, 12:29 AM

Press Release

Plug Power Faces Class Action Lawsuit

PLUG

Legal Proceedings

A class action lawsuit has been filed against Plug Power, Inc. (NASDAQ: PLUG).
The class period for the lawsuit is from January 17, 2025, to November 13, 2025.
The complaint alleges that Plug Power made materially false and/or misleading statements, specifically by overstating the likelihood of receiving funds attributed to the DOE Loan and constructing hydrogen production facilities, implying a potential pivot to more modest projects.
Investors have until April 3, 2026, to file a lead plaintiff motion.