Plug Power Faces Class Action Lawsuit Amid Stock Declines
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy PLUG?
Source: Globenewswire
Plug Power Inc. has seen its stock price drop significantly, hitting a 20-day low amid ongoing legal troubles.
A class action lawsuit has been filed against Plug Power, alleging that the company made false statements regarding a $1.66 billion loan from the Department of Energy and its ability to construct hydrogen production facilities. This lawsuit reflects growing concerns about the company's financial transparency and has the potential to further undermine investor confidence. Investors are encouraged to participate in the lawsuit, which could provide a pathway for recovery of losses.
The implications of this lawsuit are significant, as it highlights the challenges Plug Power faces in maintaining investor trust and navigating legal scrutiny. The ongoing stock declines may lead to increased volatility and further legal actions as investors seek to protect their interests.
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Analyst Views on PLUG
Wall Street analysts forecast PLUG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLUG is 2.46 USD with a low forecast of 0.75 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
4 Buy
8 Hold
3 Sell
Hold
Current: 1.860
Low
0.75
Averages
2.46
High
7.00
Current: 1.860
Low
0.75
Averages
2.46
High
7.00
About PLUG
Plug Power Inc. is engaged in offering end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals. The Company develops commercially viable hydrogen and fuel cell product solutions. It provides electrolyzers that allow customers, such as refineries, producers of chemicals, steel, fertilizer and commercial refueling stations, to generate hydrogen on-site. It focuses on industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution sites and environmental benefits; stationary power systems that supports critical operations, such as data centers, microgrids and generation facilities, in either a backup power or continuous power role and replace batteries, diesel generators or the grid for telecommunication logistics, transportation, and utility customers; and production of hydrogen.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Plug Power Achieves Key Milestone in European Expansion
- Hydrogen Delivery Milestone: Plug Power successfully completed its first hydrogen fill for Hynetwork’s 32-kilometer pipeline in Rotterdam, marking a significant step in its European expansion strategy, which is expected to drive future revenue growth.
- Strengthened Market Position: The completion of this project not only solidifies Plug Power's position in the European market but also demonstrates its capability to deliver on ambitious infrastructure projects, aligning with the increasing demand for clean energy solutions.
- Current Technical Analysis: While Plug Power's stock is currently trading 12.5% and 20% below its 20-day and 100-day simple moving averages, it remains 5.4% above its 200-day SMA, indicating a stable long-term trend despite short-term pressures.
- Positive Market Reaction: At the time of publication, Plug Power shares rose by 8.60% to $2.02, reflecting increased investor confidence in the company's strategic developments, even as the market faces challenges from interest rate concerns and geopolitical factors.
See More
Plug Power Faces Class Action Lawsuit Amid Significant Stock Drop
- Class Action Filed: Bleichmar Fonti & Auld LLP has initiated a class action lawsuit against Plug Power and its executives for securities fraud, following significant stock drops due to potential violations of federal securities laws, with investors encouraged to apply to lead the case by April 3, 2026.
- Stock Price Volatility: Plug Power's stock fell 6.3% from $4.13 to $3.87 on October 7, 2025, after the abrupt departure of its CEO and President; a month later, the stock dropped another 3.4% due to the suspension of DOE loan activities.
- Loan Guarantee Concerns: The company previously announced a $1.66 billion DOE loan guarantee to support hydrogen production projects, but the lawsuit alleges that Plug Power overstated the likelihood of receiving these funds, undermining investor confidence.
- Legal Options for Investors: Investors in Plug Power may have legal recourse, with BFA offering representation on a contingency fee basis, ensuring no upfront costs for shareholders while seeking court approval for any potential fees and expenses.
See More
Plug Power Stock Rises 11.6% Following Bloom Energy's Strong Performance
- Stock Recovery: Plug Power's stock surged 11.6% today, rebounding from a closing price of $2.08 yesterday, despite the company not releasing any new information, indicating market interest in the fuel cell sector.
- Industry Impact: Bloom Energy's fourth-quarter 2025 financial results, released on Thursday, exceeded analyst expectations and reported positive operating cash flow for the second consecutive year, boosting investor confidence in Plug Power.
- Backlog Growth: Bloom Energy's total backlog reached approximately $20 billion, a 65% increase from last year's figure, suggesting strong demand for fuel cells and indirectly enhancing Plug Power's market outlook.
- Investment Risks: While Plug Power's stock has risen due to Bloom Energy's success, investors should remain cautious and focus on the upcoming fourth-quarter 2025 earnings report from Plug Power to assess its financial health.
See More
Class Action Filed Against Plug Power Inc.
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Plug Power Inc., alleging violations of federal securities laws on behalf of all investors who purchased or acquired Plug Power securities between January 17, 2025, and November 13, 2025.
- False Statement Allegations: The complaint alleges that throughout the class period, defendants made false and/or misleading statements and failed to disclose significant overstatements regarding the availability of funds from the DOE Loan and the construction of necessary hydrogen production facilities.
- Impact on Business Outlook: As a result of the defendants' misleading statements, Plug Power may need to pivot towards more modest projects, which could limit its commercial potential and negatively affect investor confidence and future market performance.
- Investor Action Recommendations: Affected investors are advised to apply to be lead plaintiffs by April 3, 2026, to participate in any potential recovery, with the law firm offering services on a contingency fee basis, thereby reducing the financial risk for investors.
See More
Plug Power Faces Class Action Lawsuit Impacting Stock Price
- Executive Departures Impact: On October 7, 2025, Plug Power announced the resignation of its CEO and President, resulting in a stock price drop of $0.26, or 6.3%, closing at $3.87 per share, thereby inflicting losses on investors.
- Non-Binding Letter of Intent: On November 10, 2025, Plug Power revealed a non-binding letter of intent with a major U.S. data center developer to monetize its electricity rights in New York, causing a stock price decline of $0.09, or 3.4%, to close at $2.53 per share, further undermining investor confidence.
- Project Suspension Risks: On November 13, 2025, The Washington Examiner reported that Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, jeopardizing a $1.66 billion DOE loan secured in January, leading to a stock price drop of $0.48, or 17.6%, over two days, closing at $2.25 per share, exacerbating investor losses.
- Lawsuit Allegations: The class action lawsuit alleges that throughout the class period, Plug Power made materially false or misleading statements and failed to disclose adverse facts about its business and prospects, severely impacting investor confidence in the company's future.
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Class Action: Richtech Robotics Inc. is facing allegations of making false statements during the class period from January 27 to January 29, 2026, misleading investors about the company's business prospects, with a lead plaintiff deadline set for April 3, 2026.
- Picard Medical Allegations: Picard Medical, Inc. is accused of being involved in a fraudulent stock promotion scheme from September 2 to October 31, 2025, which misled shareholders, and investors must file for lead plaintiff status by April 3, 2026.
- Plug Power Misrepresentation: Plug Power, Inc. is under scrutiny for overstating the availability of funds related to a DOE loan during the period from January 17 to November 13, 2025, leading to misleading expectations about future projects, with a deadline for lead plaintiff applications on April 3, 2026.
- Legal Consultation Reminder: The Law Offices of Frank R. Cruz encourage investors who suffered losses during these periods to contact them for legal advice to ensure their rights are protected in the class actions.
See More
Plug Power Achieves Key Milestone in European Expansion
- Hydrogen Delivery Milestone: Plug Power successfully completed its first hydrogen fill for Hynetwork’s 32-kilometer pipeline in Rotterdam, marking a significant step in its European expansion strategy, which is expected to drive future revenue growth.
- Strengthened Market Position: The completion of this project not only solidifies Plug Power's position in the European market but also demonstrates its capability to deliver on ambitious infrastructure projects, aligning with the increasing demand for clean energy solutions.
- Current Technical Analysis: While Plug Power's stock is currently trading 12.5% and 20% below its 20-day and 100-day simple moving averages, it remains 5.4% above its 200-day SMA, indicating a stable long-term trend despite short-term pressures.
- Positive Market Reaction: At the time of publication, Plug Power shares rose by 8.60% to $2.02, reflecting increased investor confidence in the company's strategic developments, even as the market faces challenges from interest rate concerns and geopolitical factors.
See More
Plug Power Faces Class Action Lawsuit Amid Significant Stock Drop
- Class Action Filed: Bleichmar Fonti & Auld LLP has initiated a class action lawsuit against Plug Power and its executives for securities fraud, following significant stock drops due to potential violations of federal securities laws, with investors encouraged to apply to lead the case by April 3, 2026.
- Stock Price Volatility: Plug Power's stock fell 6.3% from $4.13 to $3.87 on October 7, 2025, after the abrupt departure of its CEO and President; a month later, the stock dropped another 3.4% due to the suspension of DOE loan activities.
- Loan Guarantee Concerns: The company previously announced a $1.66 billion DOE loan guarantee to support hydrogen production projects, but the lawsuit alleges that Plug Power overstated the likelihood of receiving these funds, undermining investor confidence.
- Legal Options for Investors: Investors in Plug Power may have legal recourse, with BFA offering representation on a contingency fee basis, ensuring no upfront costs for shareholders while seeking court approval for any potential fees and expenses.
See More
Plug Power Stock Rises 11.6% Following Bloom Energy's Strong Performance
- Stock Recovery: Plug Power's stock surged 11.6% today, rebounding from a closing price of $2.08 yesterday, despite the company not releasing any new information, indicating market interest in the fuel cell sector.
- Industry Impact: Bloom Energy's fourth-quarter 2025 financial results, released on Thursday, exceeded analyst expectations and reported positive operating cash flow for the second consecutive year, boosting investor confidence in Plug Power.
- Backlog Growth: Bloom Energy's total backlog reached approximately $20 billion, a 65% increase from last year's figure, suggesting strong demand for fuel cells and indirectly enhancing Plug Power's market outlook.
- Investment Risks: While Plug Power's stock has risen due to Bloom Energy's success, investors should remain cautious and focus on the upcoming fourth-quarter 2025 earnings report from Plug Power to assess its financial health.
See More
Class Action Filed Against Plug Power Inc.
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Plug Power Inc., alleging violations of federal securities laws on behalf of all investors who purchased or acquired Plug Power securities between January 17, 2025, and November 13, 2025.
- False Statement Allegations: The complaint alleges that throughout the class period, defendants made false and/or misleading statements and failed to disclose significant overstatements regarding the availability of funds from the DOE Loan and the construction of necessary hydrogen production facilities.
- Impact on Business Outlook: As a result of the defendants' misleading statements, Plug Power may need to pivot towards more modest projects, which could limit its commercial potential and negatively affect investor confidence and future market performance.
- Investor Action Recommendations: Affected investors are advised to apply to be lead plaintiffs by April 3, 2026, to participate in any potential recovery, with the law firm offering services on a contingency fee basis, thereby reducing the financial risk for investors.
See More
Plug Power Faces Class Action Lawsuit Impacting Stock Price
- Executive Departures Impact: On October 7, 2025, Plug Power announced the resignation of its CEO and President, resulting in a stock price drop of $0.26, or 6.3%, closing at $3.87 per share, thereby inflicting losses on investors.
- Non-Binding Letter of Intent: On November 10, 2025, Plug Power revealed a non-binding letter of intent with a major U.S. data center developer to monetize its electricity rights in New York, causing a stock price decline of $0.09, or 3.4%, to close at $2.53 per share, further undermining investor confidence.
- Project Suspension Risks: On November 13, 2025, The Washington Examiner reported that Plug Power confirmed the suspension of plans to construct six low-carbon hydrogen production facilities, jeopardizing a $1.66 billion DOE loan secured in January, leading to a stock price drop of $0.48, or 17.6%, over two days, closing at $2.25 per share, exacerbating investor losses.
- Lawsuit Allegations: The class action lawsuit alleges that throughout the class period, Plug Power made materially false or misleading statements and failed to disclose adverse facts about its business and prospects, severely impacting investor confidence in the company's future.
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Class Action: Richtech Robotics Inc. is facing allegations of making false statements during the class period from January 27 to January 29, 2026, misleading investors about the company's business prospects, with a lead plaintiff deadline set for April 3, 2026.
- Picard Medical Allegations: Picard Medical, Inc. is accused of being involved in a fraudulent stock promotion scheme from September 2 to October 31, 2025, which misled shareholders, and investors must file for lead plaintiff status by April 3, 2026.
- Plug Power Misrepresentation: Plug Power, Inc. is under scrutiny for overstating the availability of funds related to a DOE loan during the period from January 17 to November 13, 2025, leading to misleading expectations about future projects, with a deadline for lead plaintiff applications on April 3, 2026.
- Legal Consultation Reminder: The Law Offices of Frank R. Cruz encourage investors who suffered losses during these periods to contact them for legal advice to ensure their rights are protected in the class actions.
See More
