The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Plug Power Inc. (“Plug” or “the Company”) (NASDAQ: PLUG) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Plug held its annual business update call on January 25, 2023, during which it announced year-over-year revenue growth for 2022 of 45% to 50%, a sharp pullback from expectations of 80% growth. The Company explained that the "revenue impact reflects some larger projects being completed in 2023 instead of 2022 due to customer timing and broader supply chain issues." Based on this news, shares of Plug dropped just under 6% on the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230206005437/en/
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
