Plug Power(US:PLUG) Globenewswire·2026-02-15 13:09Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Plug Power Inc. due to allegations of violations of federal securities laws, encouraging affected investors to seek legal recourse before the April 3, 2026 deadline for lead plaintiff applications in a federal securities class action [4][12]. Group 1: Allegations and Company Actions - The complaint alleges that Plug Power and its executives made false and misleading statements regarding the availability of funds from the DOE Loan and the company's ability to construct necessary hydrogen production facilities [6]. - Following the announcement of the resignation of key executives, including CEO Andrew Marsh and President Sanjay Shrestha, Plug Power's stock price fell by 6.29% to close at $3.87 per share [7][8]. - On November 10, 2025, Plug Power reported a significant pivot in strategy, announcing the suspension of activities under the DOE loan program, which led to a 3.39% decline in stock price to $2.53 per share [9][10]. Group 2: Financial Impact and Stock Performance - The suspension of plans to construct hydrogen production facilities put at risk the $1.66 billion DOE Loan, resulting in a 17.58% drop in stock price over two trading sessions, closing at $2.25 per share on November 14, 2025 [11]. - The company had previously indicated to analysts that they should not expect revenue from the data center power generation segment for the next two to three years, highlighting a significant change in expectations [9][10].