Plug Power under investigation
A class action lawsuit alleges false and misleading statements to investors and insider trading
A consolidated class action securities lawsuit has been launched against US green hydrogen technology firm Plug Power, as well as CEO Andrew Marsh and CFO Paul Middleton. The lawsuit alleges false and misleading statements to investors, as well as insider trading. Plug Power is alleged to have carried out “a long-running scheme to misclassify the cost of liquid hydrogen delivered to customers” in an effort to inflate the company’s perceived profitability, according to law firm Schubert Jonckheer & Kolbe. Although Plug Power had restated prior-period financial statements from 2018-20 to address the misclassification, in addition to disclosing a material weakness in internal controls and i
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
