ATLANTA, GA – – (EIN Presswire – March 26, 2024) – – A shareholder class action has been filed against Plug Power Inc. (“Plug” or the “Company”) (NASDAQ: PLUG). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (i) Plug overstated its ability and/or efforts to mitigate the negative impacts that supply chain constraints and material shortages could have or were having on the Company’s hydrogen business, as well as the sufficiency of its cash and capital to fund its operations; (ii) Plug continued to experience delays related to its green hydrogen production facility build-out plans, as well as in securing external funding sources to finance its growth plans; (iii) Plug downplayed the true scope and severity of all the foregoing when these issues were eventually revealed; and (iv) as a result of all the foregoing, Plug also overstated the near-term prospects of its hydrogen production operations, as well as the viability of expanding those operations.

If you bought Plug shares between May 9, 2023 and January 16, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/plug/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is May 21, 2024.

 The case is pending in the United States District Court for the Northern District of New York, Case No. 1:24-cv-00406.