Pomerantz files class action against Plug Power over USD 1.66 billion DOE loan disclosures

Reuters03-12

Pomerantz files class action against <a href="https://laohu8.com/S/PLUG">Plug</a> Power over USD 1.66 billion DOE loan disclosures

A securities class action has been filed against Plug Power and certain officers in the U.S. District Court for the Northern District of New York under docket 26-cv-00165. The suit covers investors who bought Plug Power securities between Jan. 17, 2025 and Nov. 13, 2025, and alleges misleading statements about the availability of funding tied to a USD 1.66 billion U.S. Department of Energy loan guarantee. Plug Power shares fell 6% to $3.87 on Oct. 7, 2025 after the company said CEO Andrew Marsh and President Sanjay Shrestha would step down. The stock later fell 18% to $2.25 by Nov. 14, 2025 after reporting said Plug Power had suspended activities related to plans for six hydrogen facilities that were tied to the DOE loan.

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 PR Newswire (Ref. ID: 202603121000PR_NEWS_USPR_____DC07176) on March 12, 2026, and is solely responsible for the information contained therein.

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