Recent Security Class Actions

Plug Power Inc. Common Stock (NASDAQ: PLUG)

Company Name:Plug Power Inc. Common Stock
Stock Symbol:NASDAQ: PLUG
Class Period Start:01/19/2022
Class Period End (inclusive):03/01/2023
Filing Deadline:06/12/2023

According to the Complaint, it is alleged that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug's business and operations. Specifically, Defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, Defendants' statements about the company's business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis.