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SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action lawsuit Has Been Filed Against Plug Power Inc. (PLUG)
Globenewswire· 2026-02-10 15:47
Core Viewpoint - A shareholder has filed a securities class action lawsuit against Plug Power Inc. on behalf of investors who purchased securities between January 17, 2025, and November 13, 2025, alleging misrepresentations regarding a loan from the Department of Energy and the company's ability to construct necessary hydrogen production facilities [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements about a loan from the Department of Energy and Plug Power's capability to build hydrogen production facilities to access the loan funds [5]. - Investors who purchased Plug Power securities during the specified period and incurred losses are encouraged to consider joining the class action [2][3]. Group 2: Legal Process - Individuals wishing to serve as lead plaintiff must file necessary documents by April 3, 2026, and participation as a lead plaintiff is not required to share in any potential recovery [4]. - All legal representation in this case operates on a contingency fee basis, meaning shareholders will not incur any fees or expenses [4]. Group 3: Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since its establishment in 1993 and has a strong track record in class action litigation [6].
PLUG INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Plug Power (PLUG) Investors of Securities Class Action Deadline on April 3, 2026
TMX Newsfile· 2026-02-10 15:19
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 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].
Law Offices of Frank R. Cruz Encourages Plug Power, Inc. (PLUG) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-09 17:06
Core Viewpoint - A class action lawsuit has been filed against Plug Power, Inc. for alleged securities fraud, impacting shareholders who acquired securities between January 17, 2025, and November 13, 2025 [1] Company Developments - On October 7, 2025, Plug Power announced the resignation of its CEO and President, leading to a stock price decline of $0.26, or 6.3%, closing at $3.87 per share [1] - On November 10, 2025, the company revealed a nonbinding letter of intent to monetize electricity rights, resulting in a further stock price drop of $0.09, or 3.4%, to close at $2.53 per share [1] - Following a report on November 13, 2025, regarding the suspension of plans to construct hydrogen production facilities, Plug Power's stock fell by $0.48, or 17.6%, closing at $2.25 per share [1] Allegations in the Lawsuit - The lawsuit claims that Plug Power's management made materially false or misleading statements and failed to disclose adverse facts about the company's operations and prospects [1] - Specific allegations include overstating the likelihood of receiving funds from a $1.66 billion DOE loan and the company's ability to construct necessary hydrogen production facilities [1] - The lawsuit asserts that the company's positive statements lacked a reasonable basis, misleading investors about its business outlook [1]
ROSEN, A TOP RANKED LAW FIRM, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - PLUG
TMX Newsfile· 2026-02-09 02:36
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 statements [1]. Group 1: Class Action Details - The class action lawsuit is for investors who purchased Plug Power securities between January 17, 2025, and November 13, 2025, and aims to provide compensation without any out-of-pocket fees through a contingency fee arrangement [2][3]. - Investors wishing to serve as lead plaintiffs must file with the court by April 3, 2026, to represent other class members in the litigation [1][3]. Group 2: Allegations Against Plug Power - The lawsuit claims that Plug Power's defendants made false and misleading statements regarding the likelihood of receiving funds from the U.S. Department of Energy's Loan and the construction of necessary hydrogen production facilities [5]. - It is alleged that these misstatements led to a misrepresentation of the company's potential projects, suggesting a pivot towards less commercially viable projects, which ultimately misled investors [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes its experience and success 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, showcasing its capability in handling such cases [4].
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG
Globenewswire· 2026-02-08 17:17
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].
Hydrogen Stocks To Follow Today – February 6th
Defense World· 2026-02-08 08:02
Group 1: Hydrogen Stocks Overview - NuScale Power, Plug Power, and CF Industries are highlighted as key hydrogen stocks to monitor, reflecting their involvement in the hydrogen economy [2] - Hydrogen stocks represent companies engaged in the production, storage, transportation, and utilization of hydrogen, including electrolyzers and fuel cells [2] - These companies have shown the highest dollar trading volume among hydrogen stocks recently, indicating strong market interest [2] Group 2: NuScale Power - NuScale Power Corporation focuses on developing modular light water reactor nuclear power plants for various applications, including hydrogen production [3] - The company offers the NuScale Power Module (NPM), which generates 77 megawatts of electricity (MWe), and designs for power plants that can accommodate multiple NPMs [3] Group 3: Plug Power - Plug Power Inc. specializes in hydrogen and fuel cell solutions across North America, Europe, and Asia [4] - The company provides a range of products, including GenDrive for material handling vehicles, GenSure for backup power, and GenFuel for hydrogen fueling systems [4] - Plug Power's offerings also include ProGen fuel cell technology and GenKey, a comprehensive solution for transitioning to fuel cell power [4] Group 4: CF Industries - CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for various sectors, including energy and fertilizers [5] - The company operates through multiple segments, including Ammonia and Granular Urea, serving markets in North America, Europe, and internationally [5]
PLUG INVESTOR NOTICE: Faruqi & Faruqi, LLP Reminds Plug Power (PLUG) Investors of Securities Class Action Deadline on April 3, 2026
TMX Newsfile· 2026-02-07 13:56
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].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - PLUG
TMX Newsfile· 2026-02-06 02:13
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]. Group 1: Lawsuit Details - The class action lawsuit pertains to securities purchased between January 17, 2025, and November 13, 2025, and aims to address alleged misleading statements made by Plug Power regarding funding from the U.S. Department of Energy [1][5]. - The lawsuit claims that Plug Power overstated the likelihood of receiving funds from the Department of Energy and misrepresented its ability to construct necessary hydrogen production facilities, leading to potential damages for investors [5]. Group 2: Participation Information - 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]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. Group 3: Law Firm 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 notable achievements in 2019 and 2020 [4].
PLUG BREAKING NEWS: Plug Power Inc. Sued for Securities Fraud after it Suspends Plans to Construct Hydrogen Production Facilities -- Investors are Urged to Contact BFA Law
Businesswire· 2026-02-04 21:46
Core Viewpoint - Plug Power Inc. is facing a class action lawsuit for securities fraud after suspending plans to construct hydrogen production facilities, leading to significant stock price drops [1] Group 1: Lawsuit Details - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud, citing violations of federal securities laws [1] - The lawsuit is pending in the U.S. District Court for the Northern District of New York, under the case caption Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [1] - Investors have until April 3, 2026, to request to be appointed to lead the case [1] Group 2: Company Background - Plug Power provides hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [1] - The company announced a $1.66 billion loan guarantee from the U.S. Department of Energy to finance the construction of hydrogen production projects [1] Group 3: Stock Performance - 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 [1] - On November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company suspended activities under the DOE loan program [1] - Following a report on November 13, 2025, regarding the suspension of plans to construct hydrogen facilities, the stock dropped by $0.48 per share (17.6%) [1]
REMINDER: Plug Power to Hold Adjourned Special Meeting of Stockholders Tomorrow February 5, 2026
Globenewswire· 2026-02-04 20:52
Core Viewpoint - Plug Power Inc. is reminding stockholders about the upcoming Special Meeting scheduled for February 5, 2026, at 10:00 a.m. Eastern Time, emphasizing the importance of participation and voting [1]. Group 1: Meeting Details - Stockholders of record as of December 12, 2025, are eligible to participate in the virtual meeting [2]. - Attendees will have the ability to vote and submit questions in real time, requiring a 16-digit control number from their proxy materials for access [3]. - The virtual meeting can be accessed via a specific link and includes dial-in options for participants [6]. Group 2: Proxy Information - Plug Power has filed a definitive proxy statement and other relevant documents with the U.S. Securities and Exchange Commission (SEC) regarding the Special Meeting, urging stockholders to read these documents carefully for important voting information [4]. - The company and its directors may be considered participants in the solicitation of proxies, with details about their ownership and roles outlined in the definitive proxy statements filed with the SEC [5].