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PLUG POWER INC.

(PLUG)
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Plug Power : ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Plug Power Inc. Investors With Losses Over $100K to Secure Counsel Before Important Friday Deadline in Securities Class Action – PLUG

05/04/2021 | 08:00pm EDT

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Plug Power Inc. (NASDAQ: PLUG) between November 9, 2020 and March 1, 2021, inclusive (the “Class Period”), of the important May 7, 2021 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Plug Power class action, go to http://www.rosenlegal.com/cases-register-2054.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 7, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Plug Power would be unable to timely file its 2020 annual report due to delays related to the review of classification of certain costs and the recoverability of the right to use assets with certain leases; (2) Plug Power was reasonably likely to report material weaknesses in its internal control over financial reporting; and (3) as a result of the foregoing, defendants’ positive statements about Plug Power’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to http://www.rosenlegal.com/cases-register-2054.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.


© Business Wire 2021
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Financials (USD)
Sales 2020 303 M - -
Net income 2020 -131 M - -
Net cash 2020 754 M - -
P/E ratio 2020 -56,8x
Yield 2020 -
Capitalization 11 730 M 11 730 M -
EV / Sales 2020 36,2x
EV / Sales 2021 19,6x
Nbr of Employees 629
Free-Float 96,1%
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Technical analysis trends PLUG POWER INC.
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 55,19 $
Last Close Price 20,07 $
Spread / Highest target 289%
Spread / Average Target 175%
Spread / Lowest Target 44,5%
EPS Revisions
Managers and Directors
NameTitle
Andrew J. Marsh President, Chief Executive Officer & Director
Paul B. Middleton Chief Financial Officer & Senior Vice President
George C. McNamee Chairman
Keith C. Schmid Chief Operating Officer & Senior Vice President
Maureen O. Helmer Independent Director
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