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    Plug Power Inc. Deadline Approaching  313  0 Kommentare Kessler Topaz Meltzer & Check, LLP Reminds Investors of Plug Power Inc. of Deadline in Securities Fraud Class Action Lawsuit

    The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities class action lawsuit against Plug Power Inc. (“Plug”) on behalf of investors who purchased or acquired Plug (NASDAQ: PLUG) common stock between August 9, 2022 and March 1, 2023, inclusive (the “Class Period”). This action, captioned Melton v. Plug Power Inc., et al., Case No. 1:23-cv-00409-UNA, was filed in the United States District Court for the District of Delaware.

    Important Deadline Reminder: Investors who purchased or otherwise acquired Plug common stock during the Class Period may, no later than June 12, 2023, move the Court to serve as lead plaintiff for the class.

    CLICK HERE TO SUBMIT YOUR PLUG LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/plug-power-inc-2023?utm_source=PR&u ...

    TO VIEW OUR VIDEO, PLEASE CLICK HERE

    LEAD PLAINTIFF DEADLINE: JUNE 12, 2023

    CLASS PERIOD: AUGUST 9, 2022 THROUGH MARCH 1, 2023

    CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
    Jonathan Naji, Esq. (484) 270-1453 or Toll Free (844) 887-9500 or Email at info@ktmc.com

    PLUG’S MISCONDUCT
    On August 9, 2022, Plug announced its financial results for the second quarter of 2022, assuring investors that the company had a “Strong Business Outlook” and touting a $15 billion sales funnel. Defendants also emphasized that Plug’s supply chain was strong—with its Chief Executive Officer stating that he did “not foresee supply chain issues this year”—and that Plug’s rapidly growing inventory was simply attributable to the substantial growth Plug would experience in the second half of 2022. Consistent with these representations, Defendants projected that Plug would generate 2022 revenue between $900 million and $925 million, representing approximately 80% year-over-year growth.

    Just a few months later, however, on October 14, 2022, investors began to learn the truth when Plug warned that full-year revenue could be 5% to 10% lower than previously projected. Defendants attributed the revenue revision to “some larger projects potentially being completed in 2023 instead of 2022 due to timing and broader supply chain issues.” On this news, the price of Plug common stock declined $1.20 per share, or more than 6%, from a close of $19.23 per share on October 13, 2022, to close at $18.03 per share on October 14, 2022.

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    Plug Power Inc. Deadline Approaching Kessler Topaz Meltzer & Check, LLP Reminds Investors of Plug Power Inc. of Deadline in Securities Fraud Class Action Lawsuit The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities class action lawsuit against Plug Power Inc. (“Plug”) on behalf of investors who purchased or acquired Plug (NASDAQ: PLUG) common stock between …

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