PLUG Fraud Reminder: Plug Power Investors with Losses may have been Affected by Securities Fraud – Contact BFA Law about Your Rights before April 3

Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][4]. Group 1: Lawsuit Details - Investors have until April 3, 2026, to request to lead the case, which is pending in the U.S. District Court for the Northern District of New York [4][10]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Plug Power investors [4][10]. Group 2: Allegations Against Plug Power - Plug Power is accused of materially overstating the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance hydrogen production projects [5]. - The company allegedly misrepresented its ability to construct the necessary hydrogen production facilities to access these funds [5]. Group 3: Stock Performance and Events - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the abrupt departure of its CEO and President [6]. - A month later, on November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company announced the suspension of activities under the DOE loan program [7]. - On November 14, 2025, the stock experienced a significant decline of $0.48 per share (17.6%) after reports confirmed the suspension of plans to construct hydrogen production facilities, jeopardizing the $1.66 billion DOE loan [8].