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NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing

of a class action lawsuit on behalf of purchasers of securities of Plug Power

Inc. (NASDAQ: PLUG) between May 9, 2023 and January 16, 2024, both dates

inclusive (the “Class Period”). 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 21, 2024.

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

https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq.

toll-free at 866-767-3653 or email case@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 21, 2024. 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, resources or any meaningful peer recognition. Be

wise in selecting counsel. 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 overstated its ability and/or efforts to mitigate the negative

impacts that, inter alia, supply chain constraints and material shortages

could have or were having on Plug Power’s hydrogen business, as well as the

sufficiency of its cash and capital to fund its operations; (2) Plug Power

continued to experience delays related to its green hydrogen production

facility build-out plans, as well as in securing external funding sources to

finance its growth plans; (3) Plug Power downplayed the true scope and

severity of all the foregoing when these issues were eventually revealed; (4)

as a result of all the foregoing, Plug Power also overstated the near-term

prospects of its hydrogen production operations, as well as the viability of

expanding those operations; and (5) as a result, Plug Power’s public

statements were materially false and misleading at all relevant times. When

the true details entered the market, the lawsuit claims that investors

suffered damages.

To join the Plug Power class action, go to

https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq.

toll-free at 866-767-3653 or email case@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.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.

        Phillip Kim, Esq.

        The Rosen Law Firm, P.A.

        275 Madison Avenue, 40th Floor

        New York, NY 10016

        Tel: (212) 686-1060

        Toll Free: (866) 767-3653

        Fax: (212) 202-3827

        case@rosenlegal.com

        www.rosenlegal.com

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GlobeNewswire, Inc. 2024