Plug Power Faces Securities Fraud Lawsuit Over Suspended Hydrogen Projects

Reuters02-15

<a href="https://laohu8.com/S/PLUG">Plug</a> Power Faces Securities Fraud Lawsuit Over Suspended Hydrogen Projects

Plug Power Inc. is facing a class action lawsuit alleging securities fraud after the company reportedly overstated the likelihood of accessing $1.66 billion in loan funds from the U.S. Department of Energy. The lawsuit claims Plug Power misled investors about its ability to construct hydrogen production facilities required to receive the funding. On November 13, 2025, news emerged that Plug Power had suspended activities on six planned hydrogen production and liquefaction facilities, putting the DOE loan at risk. This development led to a significant drop in Plug Power’s stock price, falling 17.6% in a single day. The case is pending in the U.S. District Court for the Northern District of New York, and investors have until April 3, 2026, to seek a lead role in the litigation.

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: 202602150618PRIMZONEFULLFEED9654190) on February 15, 2026, and is solely responsible for the information contained therein.

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