Press release
Investigation announced for Investors who lost money with shares of Plug Power Inc. (NASDAQ: PLUG)
An investigation for investors in Plug Power Inc. (NASDAQ: PLUG) shares over potential securities laws violations by Plug Power.
Investors who purchased shares of Plug Power Inc. (NASDAQ: PLUG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Plug Power Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Latham, NY based Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally.
On October 14, 2022, Plug Power Inc. announced that the Company now expected that its full-year 2022 revenue could be 5% to 10% lower than its prior guidance of between $900 million and $925 million. According to the Company, the "revenue impact reflects some larger projects potentially being completed in 2023 instead of 2022 due to timing and broader supply chain issues."
Then, after the market had closed on January 25, 2023, Plug Power Inc. held its annual business update conference call and announced that it now expected 2022 year-over-year revenue growth of just 45% to 50%, short of initial expectations of greater than 80% year-over-year revenue growth. Plug again explained that the "revenue impact reflects some larger projects being completed in 2023 instead of 2022 due to customer timing and broader supply chain issues."
Shares of Plug Power Inc. (NASDAQ: PLUG) declined to $15.00 per share on January 26, 2023.
Those who purchased shares of Plug Power Inc. (NASDAQ: PLUG) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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