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][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of New York, captioned Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case [3]. Group 2: Company Background - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. Group 3: Allegations - The complaint alleges that Plug Power materially overstated the likelihood of receiving funds from a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. Group 4: Stock Performance - Following the announcement of the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha on October 7, 2025, Plug Power's stock dropped by $0.26 per share, or 6.3%, from $4.13 to $3.87 [5]. - On November 10, 2025, the suspension of activities under the DOE loan program led to a further stock drop of $0.09 per share, or 3.4%, from $2.65 to $2.56 [6]. - A report on November 13, 2025, confirming the suspension of plans to construct hydrogen facilities resulted in a significant stock decline of $0.48 per share, or 17.6%, from $2.49 to $2.25 [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Plug Power Inc. due to allegations of violations of federal securities laws, specifically regarding misleading statements about funding and project viability [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $50,000 from January 17, 2025, to November 13, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Plug Power, with a deadline of April 3, 2026, for investors to seek the role of lead plaintiff [2][5]. - The complaint alleges that Plug Power and its executives overstated the likelihood of receiving funds from the DOE Loan and misrepresented the company's project capabilities [4]. Group 2: Company Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [3]. - The firm has offices in New York, Pennsylvania, California, and Georgia, indicating a broad operational footprint [3]. Group 3: Investor Participation - Any member of the putative class can move the court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [5]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Plug Power's conduct [6].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Plug Power Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's disclosures and financial statements [1][5]. Group 1: Class Action Details - The class action lawsuit pertains to securities purchased between January 17, 2025, and November 13, 2025, and a lead plaintiff must be appointed by April 3, 2026 [1][3]. - Investors who purchased Plug Power securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Allegations Against Plug Power - The lawsuit alleges that defendants made false and misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the construction of hydrogen production facilities [5]. - It is claimed that Plug Power was likely to shift towards less ambitious projects with lower commercial potential, which contradicts prior public statements made by the company [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors, with over $438 million secured in 2019 alone [4].

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][3]. Company Overview - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. Legal Proceedings - 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 under the caption Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. Allegations - The lawsuit claims that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. Stock Performance - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the announcement of the abrupt departure of its CEO and President [5]. - On November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company suspended activities under the DOE loan program [6]. - A further decline occurred on November 14, 2025, when the stock dropped by $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 [7].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Plug Power Inc. securities during the specified Class Period, indicating potential legal issues for the company related to misleading statements made by its management [1][5]. Group 1: Class Action Details - The class action lawsuit is on behalf of investors who purchased Plug Power securities between January 17, 2025, and November 13, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must be appointed by April 3, 2026, to represent the class in the litigation [1][3]. Group 2: Allegations Against Plug Power - The lawsuit claims that Plug Power's management made false and misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the company's ability to construct necessary hydrogen production facilities [5]. - It is alleged that these misstatements led to an overestimation of the company's prospects, suggesting a pivot towards less commercially viable projects [5]. - The lawsuit asserts that when the true information became public, investors suffered damages due to the misleading nature of Plug Power's public statements [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing shareholder interests [4].

Core 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 firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Plug Power - 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 construction of hydrogen production facilities [4]. - It is claimed that Plug Power was likely to pivot towards less ambitious projects, which was not disclosed to investors [4]. Group 3: 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]. - This news led to a further decline in stock price, falling by $0.09 per share, or 3.39%, to close at $2.53 [8]. Group 4: Further Declines and Project Suspension - On November 13, 2025, it was reported that Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, jeopardizing a $1.66 billion DOE Loan [8]. - Following this confirmation, Plug Power's stock price dropped by $0.48 per share, or 17.58%, closing at $2.25 [9].

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][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of New York, titled Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case [3]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Plug Power investors [3]. Group 2: Company Background - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. - The company announced a $1.66 billion loan guarantee from the U.S. Department of Energy to finance the construction of hydrogen production projects [4]. 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, from $4.13 to $3.87 per share [5]. - On November 10, 2025, the company suspended activities under the DOE loan program, leading to a further stock drop of $0.09 per share (3.4%), from $2.65 to $2.56 per share [6]. - A report on November 13, 2025, confirmed the suspension of plans to construct hydrogen production facilities, resulting in a stock decline of $0.48 per share (17.6%), from $2.49 to $2.25 per share [7].

Core Viewpoint - A class action lawsuit has been filed on behalf of investors who purchased Plug Power, Inc. securities during the specified class period, indicating potential legal challenges for the company [1] Group 1 - The lawsuit pertains to investors who acquired Plug Power securities between January 17, 2025, and November 13, 2025, inclusive [1] - Investors have until April 3, 2026, to file a lead plaintiff motion, highlighting a timeline for potential legal actions [1] - The law firm involved is the Law Offices of Howard G. Smith, which is actively seeking to represent affected investors [1]

Core Viewpoint - The complaint against Plug Power alleges that the company and its executives violated federal securities laws by making false or misleading statements regarding the availability of funds from the DOE Loan and the company's project plans [2] Group 1: Allegations Against Plug Power - The complaint claims that defendants overstated the likelihood that funds from the DOE Loan would be available to Plug Power [2] - It is alleged that Plug Power may pivot towards less ambitious projects with lower commercial potential [2] - The company's public statements are described as materially false and misleading throughout the relevant period [2] Group 2: Legal Proceedings - The lead plaintiff in the case is the investor with the largest financial interest in the relief sought and is representative of the class members [3] - Any member of the class can apply to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [3] Group 3: Call for Information - The law firm Faruqi & Faruqi encourages individuals with information regarding Plug Power's conduct to come forward, including whistleblowers and former employees [4]

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][3]. Company Overview - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. Legal Proceedings - 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, captioned Ortolani v. Plug Power Inc., et al. [3]. Financial Impact - Plug Power announced a $1.66 billion loan guarantee from the U.S. Department of Energy to finance the construction of hydrogen production projects, but allegedly overstated the likelihood of receiving these funds [4]. - The stock price dropped significantly following key announcements: - On October 7, 2025, the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha led to a 6.3% drop, from $4.13 to $3.87 per share [5]. - On November 10, 2025, the suspension of activities under the DOE loan program caused a 3.4% drop, from $2.65 to $2.56 per share [6]. - On November 14, 2025, confirmation of the suspension of plans to construct hydrogen facilities resulted in a 17.6% drop, from $2.49 to $2.25 per share [7].