Plug Power controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2021
Late filing, financial restatements, and control weaknesses
Plug Power disclosed that it could not timely file its 2020 annual report and that it would restate certain prior financial statements. The company faced shareholder litigation concerning alleged disclosure failures and material weaknesses in internal controls over financial reporting.
2000
IPO-related securities litigation
Shareholders alleged that Plug Power had made misleading statements about its fuel-cell technology capabilities and its sales and distribution relationship with General Electric. The complaints were consolidated in federal court and later settled in 2004 for $5 million paid by company directors.