An investigation for investors in Plug Power Inc (NASDAQ:PLUG) shares over potential securities laws violations by Plug Power was announced and NASDAQ:PLUG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/10/2015 -- An investigation on behalf of investors of Plug Power Inc (NASDAQ:PLUG) shares over potential securities laws violations by Plug Power and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Plug Power Inc (NASDAQ:PLUG) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Plug Power Inc (NASDAQ:PLUG) concerning whether a series of statements by Plug Power regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Plug Power Inc reported that its annual Total Revenue increased from $26.11 million in 2012 to $26.60 million in 2013 and that its Net Loss increased from $31.86 million in 2012 to $62.67 million in 2013. Shares of Plug Power Inc (NASDAQ:PLUG) declined from $8.27 per share in March 2014 to as low as $2.55 per share in January 2015.
On March 3, 2015, Plug Power Inc disclosed that it was unable to file its Annual Report for the year ended December 31, 2014 within the prescribed time period without unreasonable effort or expense. Plug Power Inc said that it has experienced unforeseen delays in collecting, compiling and finalizing certain financial and other related data necessary to complete the Report, particularly data relating to a substantially higher level of complex customer transactions.
On March 6, 2015, NASDAQ:PLUG shares closed at $2.97 per share.
Those who purchased shares of Plug Power Inc (NASDAQ:PLUG) have certain options and should contact the Shareholders Foundation.
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