Class Action Lawsuit Filed Against Plug Power Inc. Over Alleged False Statements

Holzer & Holzer, LLC Encourages Investors Who Lost Money to Contact the Firm

Published on Feb. 4, 2026

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A shareholder class action lawsuit has been filed against Plug Power Inc. (NASDAQ: PLUG), alleging the company issued false and misleading statements about the likelihood of receiving Department of Energy Loan funds and its plans to construct hydrogen production facilities. Investors who purchased Plug Power shares between January 17, 2025 and November 13, 2025 and experienced significant losses are encouraged to contact Holzer & Holzer, LLC to discuss their legal rights.

Why it matters

This lawsuit highlights concerns about Plug Power's transparency and accountability to its investors, as well as the potential financial impact on shareholders who relied on the company's statements. The outcome of the case could have broader implications for investor confidence in Plug Power and the renewable energy sector.

The details

The lawsuit alleges that Plug Power (i) materially overstated the likelihood that funds attributed to the Department of Energy Loan would ultimately become available to the company, and/or that Plug Power would ultimately construct the hydrogen production facilities necessary to receive those funds; and (ii) as a result, Plug Power was likely to pivot toward more modest projects with less commercial upside.

  • The lawsuit was filed on February 4, 2026.
  • The class period covers January 17, 2025 to November 13, 2025.
  • The deadline to ask the court to be appointed lead plaintiff in the case is April 3, 2026.

The players

Plug Power Inc.

A publicly traded company that develops and manufactures hydrogen fuel cell systems used to power electric motors.

Holzer & Holzer, LLC

A securities litigation law firm that is representing the plaintiffs in the class action lawsuit against Plug Power.

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What they’re saying

“If you purchased Plug Power shares between January 17, 2025 and November 13, 2025, and experienced a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832, or by visiting the firm's website at www.holzerlaw.com/case/plug-power/ for more information.”

— Corey D. Holzer, Attorney (Holzer & Holzer, LLC)

What’s next

The deadline to ask the court to be appointed lead plaintiff in the case is April 3, 2026.

The takeaway

This lawsuit highlights the importance of transparency and accountability for publicly traded companies, especially in the renewable energy sector where investor confidence is crucial. The outcome of this case could have significant implications for Plug Power and set precedents for how companies communicate with their shareholders.