Kessler Topaz Meltzer & Check, LLP: Investigation on Behalf of Plug Power, Inc. Shareholders

Kessler Topaz Meltzer & Check LLP Announces an Investigation on behalf of purchasers of Plug Power, Inc. (“Plug Power”) (Nasdaq: PLUG) securities between January 5, 2021 and February 24, 2021.

Plug Power investors may receive additional information about the case by clicking the link "Submit Your Information" above.

On February 25, 2021, Plug Power issued a press release announcing its fourth quarter and full year 2020 financial results.  For the quarter, Plug Power announced GAAP earnings per share of -$1.12, missing estimates by $1.01, and revenue of -$0.32 million, missing estimates by $85.31 million.  Plug Power stated in its press release that its “[r]evenue and results were negatively impacted by certain costs of $456M recorded in Q4, the majority being non-cash charges related to the accelerated vesting of a customer's remaining warrants.”  

Following this news, Plug Power’s stock price fell $6.82 per share, or 13.6%, to close at $43.34 per share on February 25, 2021.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP:  James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll-free at (844) 887-9500; or via e-mail at [email protected].  If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.