Plug Power(US:PLUG) TMX Newsfile·2026-02-10 15:19Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Plug Power Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements about funding and project viability [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Plug Power between January 17, 2025, and November 13, 2025, to discuss their legal options [1]. - There is a deadline of April 3, 2026, for investors to seek the role of lead plaintiff in a federal securities class action against Plug Power [2]. - The complaint alleges that Plug Power and its executives made false statements regarding the availability of funds from the DOE Loan and the company's project plans [4]. Group 2: Executive Changes and Market Reaction - On October 7, 2025, Plug Power announced the resignation of CEO Andrew Marsh and President Sanjay Shrestha, with Jose Luis Crespo appointed to both roles, which raised concerns about the company's stability [5]. - Following the announcement of executive changes, Plug Power's stock price fell by $0.26 per share, or 6.29%, closing at $3.87 [6]. - On November 10, 2025, Plug Power reported financial results indicating a significant pivot in strategy, including the suspension of activities under the DOE loan program, which had not been previously disclosed [7]. Group 3: Financial Performance and Stock Price Impact - After the financial results announcement, Plug Power's stock price dropped by $0.09 per share, or 3.39%, closing at $2.53 on November 11, 2025 [8]. - Following a report confirming the suspension of plans to construct hydrogen production facilities, Plug Power's stock price fell by $0.48 per share, or 17.58%, closing at $2.25 on November 14, 2025 [9].