Plug Power(US:PLUG) TMX Newsfile·2026-02-21 12:38Core 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, or 6.29%, closing at $3.87 per share [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 Decline - After the November 10 announcement, Plug Power's stock price dropped by $0.09, or 3.39%, to close at $2.53 per share [8]. - Following a report on November 13, 2025, confirming the suspension of plans to construct hydrogen production facilities, the stock price fell by $0.48, or 17.58%, to close at $2.25 per share [9].