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
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
