The Law Offices of Frank R. Cruz announces an investigation of Plug Power, Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON PLUG POWER, INC. (PLUG), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

On October 7, 2025, Plug Power announced that its Chief Executive Officer and its President were both stepping down from their roles. On this news, Plug Power’s stock price fell $0.26, or 6.3%, to close at $3.87 per share on October 7, 2025, thereby injuring investors.

Then, on November 10, 2025, announced that the Company had signed a nonbinding letter of intent to monetize its electricity rights in New York and one other location in partnership with a major U.S. data center developer, and that “[a]s a result, [the Company had] suspended activities under the DOE loan program, allowing [it] to redeploy capital.”

On this news, Plug Power’s stock price fell $0.09, or 3.4%, to close at $2.53 per share on November 10, 2025.

Then on November 13, 2025, The Washington Examiner reported that Plug Power “confirmed . . . that it suspended activities” on “its plans to construct six facilities to produce and liquefy zero or low-carbon hydrogen, putting at risk” the $1.66 billion DOE Loan it closed in January.

On this news, Plug Power’s stock price fell $0.48, or 17.6%, over two consecutive trading days, to close at $2.25 per share on November 14, 2025, thereby injuring investors further.

Contact Us To Participate or Learn More:

If you purchased Plug Power securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz,

2121 Avenue of the Stars, Suite 800,

Century City, California 90067

Call us at: 310-914-5007

Email us at: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com.

Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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