Plug Power Faces Securities Fraud Class Action After Stock Plunge

Reuters02-13

<a href="https://laohu8.com/S/PLUG">Plug</a> Power Faces Securities Fraud Class Action After Stock Plunge

A class action lawsuit has been filed against Plug Power Inc. and certain senior executives, alleging securities fraud after the company suspended plans to construct six hydrogen production facilities. This decision put at risk a $1.66 billion Department of Energy loan guarantee that had been announced earlier in the year. Following the news of the suspended projects, Plug Power’s stock dropped 17.6 percent, falling from $2.49 to $2.25 per share. The lawsuit claims that Plug Power overstated the likelihood that it would receive the DOE loan funds and complete the hydrogen production facilities. Investors have until April 3, 2026, to seek appointment as lead plaintiff in the case, which is pending in the U.S. District Court for the Northern District of New York.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plug Power Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9654165) on February 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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