Plug Power Faces Securities Fraud Lawsuit After Stock Plunge

Reuters02-17

<a href="https://laohu8.com/S/PLUG">Plug</a> Power Faces Securities Fraud Lawsuit 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 build six hydrogen production facilities. This suspension put at risk a $1.66 billion Department of Energy loan and led to a 17.6% drop in Plug Power’s stock price. The lawsuit claims Plug Power overstated the likelihood of receiving DOE funds and completing the projects, potentially misleading investors. Investors have until April 3, 2026, to seek appointment as lead plaintiff in the case.

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: 202602170707PRIMZONEFULLFEED9654673) on February 17, 2026, and is solely responsible for the information contained therein.

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