Plug Power Inc. ($PLUG) Stock Forecast: Down 7.3% Today

What is Plug Power Inc.?

Plug Power Inc. (PLUG) specializes in hydrogen fuel cell solutions for various power applications, emphasizing sustainability and efficiency.

Why is Plug Power Inc. going down?

PLUG stock is down 7.3% on Feb 12, 2026 20:41

• The recent sudden Special Meeting of Stockholders could have triggered uncertainty and negative sentiments among investors.
• Allegations in a lawsuit claiming misrepresentation by Plug Power regarding a loan guarantee might have impacted investor trust in the company's practices.
• Shareholders facing a deadline to join the lawsuit as lead plaintiffs, along with accusations of misleading information, likely influenced PLUG stock's downward trend.
• The legal issues and quick meeting could have created doubts about Plug Power's operations and future, contributing to the bearish stance in the market.

PLUG Price Chart

PLUG Technical Analysis

PLUG News

PLUG Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Plug Power Inc. Class Action

Robbins LLP has filed a class action lawsuit against Plug Power Inc. on behalf of investors who purchased securities between January 17, 2025, and November 13, 2025. The lawsuit alleges that Plug Power misled investors regarding its ability to secure and utilize a $1.66 billion loan guarantee from the U.S. DOE. Investors have until April 3, 2026, to file as lead plaintiff.

https://www.globenewswire.com/news-release/2026/02/12/3237552/32719/en/PLUG-Class-Action-Notice-Robbins-LLP-Reminds-Investors-of-the-Lead-Plaintiff-Deadline-in-the-Plug-Power-Inc-Class-Action.html

Plug Power Accelerates Reconvened Session of Special Meeting of Stockholders to Thursday, February 12, 2026

Plug Power Inc. has moved up the reconvened session of its Special Meeting of Stockholders to Thursday, February 12, 2026, at 4:00 p.m. Eastern Time. The virtual meeting will allow stockholders of record as of December 12, 2025, to vote and submit questions in real-time. This acceleration from the previously scheduled February 17, 2026, date aims to expedite decisions on important matters.

https://finance.yahoo.com/news/plug-power-accelerates-reconvened-session-222200166.html

Plug Power Inc Accelerates Special Meeting of Stockholders

Plug Power Inc. has announced the acceleration of its Special Meeting of Stockholders from February 17 to February 12, 2026. The virtual meeting will take place at 4:00 p.m. Eastern Time, allowing stockholders of record as of December 12, 2025, to participate, vote, and ask questions. There are no changes to the proposals, with the focus remaining on Proposals 1 and 2.

https://www.tradingview.com/news/tradingview:3f4c5660fdfa0:0-plug-power-inc-accelerates-special-meeting-of-stockholders/

Plug Power pulls stockholder vote forward, sets virtual meeting Feb. 12

Plug Power (NASDAQ: PLUG) has moved its special meeting of stockholders from February 17, 2026, to Thursday, February 12, 2026, at 4:00 p.m. ET. The meeting will be held virtually, and stockholders of record as of December 12, 2025, are eligible to participate and vote using a 16-digit control number. The accelerated meeting maintains the focus on stockholder participation and proxy voting for key charter and share-authorization proposals.

https://www.stocktitan.net/news/PLUG/plug-power-accelerates-reconvened-session-of-special-meeting-of-h05lpz0lmbye.html

Deadline Approaching: Plug Power, Inc. (PLUG) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith

The Law Offices of Howard G. Smith are urging shareholders of Plug Power, Inc. (PLUG) who incurred losses between January 17, 2025, and November 13, 2025, to contact them. A class action lawsuit alleges that Plug Power made misleading statements regarding its business and prospects, particularly concerning the likelihood of receiving DOE Loan funds and the construction of hydrogen production facilities. The deadline to file as a lead plaintiff is April 3, 2026.

https://www.marketscreener.com/news/deadline-approaching-plug-power-inc-plug-shareholders-who-lost-money-urged-to-contact-law-offic-ce7e5addd181f126

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Plug Power Inc. Price History

11.01.2026 - PLUG Stock was down 5.6%

• Plug Power's stock has dropped by 21.2%, and experts forecast a potential further decline to $1, indicating a lack of confidence from investors in the company's performance.
• Securities fraud accusations, such as exaggerating the chances of obtaining DOE loan funds and missing job creation goals, have contributed to the negative outlook surrounding Plug Power.
• The upcoming significant shareholder vote on February 17 to increase capital underscores the financial instability confronting the company, potentially impacting its stock value and future growth opportunities.

06.01.2026 - PLUG Stock was up 10.9%

• Despite facing challenges such as a securities class action lawsuit and an adjourned special meeting, Plug Power's stock saw a strong bullish movement today.
• The market may be reacting positively to Plug Power's progress in renewable hydrogen initiatives in Europe, showcasing its commitment to sustainable energy solutions.
• Investors might be optimistic about the company's operational achievements, like the Hynetwork pipeline in Rotterdam, which could be contributing to the bullish trend.
• The bullish movement could also indicate confidence in Plug Power's ability to navigate through legal issues and strategic challenges, potentially leading to long-term growth opportunities.

06.01.2026 - PLUG Stock was up 5.7%

• Despite recent challenges, including legal issues and a special meeting delay, Plug Power's stock showed significant bullish activity.
• The market seemingly responded positively to the company's advancements in renewable hydrogen projects in Europe, highlighting its dedication to environmentally friendly energy solutions.
• Investors may have taken note of Plug Power's accomplishments, such as the Hynetwork pipeline project in Rotterdam, amidst ongoing shareholder voting uncertainties and legal concerns.
• The uptrend in stock performance could also stem from optimism surrounding the upcoming financial results in March 2026, which are key to assessing Plug Power's financial health and strategic trajectory.

12.01.2026 - PLUG Stock was down 5.3%

• The accelerated reconvened session of the Special Meeting of Stockholders to address important matters may have caused uncertainty and concern among investors, leading to a sell-off of PLUG shares.
• The class action lawsuits alleging misleading statements about business prospects and the likelihood of receiving DOE Loan funds could have further eroded investor confidence, contributing to the bearish market movement.
• The reminders to shareholders about the upcoming securities class action deadline and the investigation into alleged false statements may have added to the negative sentiment surrounding PLUG, resulting in the significant downward movement of the stock today.

12.01.2026 - PLUG Stock was down 7.3%

• The recent sudden Special Meeting of Stockholders could have triggered uncertainty and negative sentiments among investors.
• Allegations in a lawsuit claiming misrepresentation by Plug Power regarding a loan guarantee might have impacted investor trust in the company's practices.
• Shareholders facing a deadline to join the lawsuit as lead plaintiffs, along with accusations of misleading information, likely influenced PLUG stock's downward trend.
• The legal issues and quick meeting could have created doubts about Plug Power's operations and future, contributing to the bearish stance in the market.

30.00.2026 - PLUG Stock was down 5.5%

• The bearish movement in PLUG stock today could be attributed to the company's significant financial challenges, including substantial losses and high debt, which have raised concerns among investors.
• The mixed options activity, with a lower put/call ratio and increased demand for protective puts, reflects the uncertainty and caution in the market regarding Plug Power's future performance.
• The adjournment of the special meeting, where key proposals failed to secure the required majority of outstanding shares, might have added to the negative sentiment surrounding the stock, as investors await clarity on the company's strategic decisions.
• CEO Andy Marsh's emphasis on Proposal 2, which aims for a more measured increase in authorized shares without a reverse stock split, indicates a potential divergence in shareholder preferences and the need for a clearer path forward to regain investor confidence.

29.00.2026 - PLUG Stock was down 6.2%

• PLUG stock experienced a bearish movement due to the adjournment of the Special Meeting of Stockholders until February 5, 2026, as key proposals failed to secure the required majority of outstanding shares.
• The uncertainty surrounding the approval of proposals, particularly Proposal 2 for a more measured increase in authorized shares, led to investor concerns and contributed to the downward pressure on PLUG stock.
• Despite strong support from the votes cast for the proposals, the company needs more outstanding shares to vote in favor, prompting the potential implementation of a reverse stock split to increase authorized shares.
• Investors are closely monitoring PLUG's developments, including the completion of significant projects like the 100MW PEM GenEco electrolyzer installations, to assess the company's execution capabilities and future growth prospects amidst the evolving clean energy landscape.

29.00.2026 - PLUG Stock was down 9.0%

• The completion of 100MW of PEM GenEco electrolyzer installations at Galp’s Sines Refinery in Portugal underscores Plug Power's ability to deploy large-scale hydrogen systems effectively. Despite reaching this milestone, concerns over financial flexibility and growth have led to a bearish market sentiment, with urgent calls for stockholder approval of critical proposals at the upcoming Special Meeting on January 29, 2026.
• The potential consequences of Proposal 2 not passing, which aims to increase authorized common shares, could result in a reverse stock split, causing investor uncertainty and contributing to PLUG stock's bearish trend.
• Investors are closely watching how future contracts support Plug Power's objectives of reducing costs and improving profitability to evaluate the company's sustainability and market performance.
• The significance placed on the necessity of these votes to prevent a reverse stock split indicates that the outcome of the Special Meeting could have a substantial impact on Plug Power's stock direction in the short term.

28.00.2026 - PLUG Stock was up 9.8%

• PLUG stock experienced a strong bullish movement today.
• The bullish trend can be attributed to the urgency and emphasis placed by Plug Power on the importance of stockholders voting in favor of critical proposals at its upcoming special meeting on January 29, 2026.
• The company's push for proposals such as increasing authorized common stock and aligning voting standards with Delaware law is seen as crucial for its financial flexibility, operational needs, and long-term growth.
• The potential threat of a reverse stock split if these proposals are not approved has likely motivated investors to take a positive stance on PLUG stock, driving the bullish movement.

03.01.2026 - PLUG Stock was down 5.6%

• The bearish movement in PLUG stock today can be attributed to the uncertainty surrounding the crucial shareholder vote on increasing authorized shares from 1.5 billion to 3 billion.
• The possibility of a reverse stock split if the proposal fails has likely spooked investors, leading to a dip in the stock price.
• CEO Andy Marsh's emphasis on the need for additional authorized shares to meet financial obligations and support growth initiatives may not have been enough to reassure investors, especially with concerns about potential dilution.
• The mixed options activity and the company's financial challenges, including high debt levels and substantial losses, have added to the negative sentiment surrounding PLUG stock, despite its efforts to build a green hydrogen ecosystem.

05.01.2026 - PLUG Stock was down 8.2%

• The bearish movement in Plug Power's stock could be attributed to the federal securities class action lawsuit the company is facing over alleged misleading disclosures regarding a DOE loan and strategic pivot. This negative legal development likely impacted investor confidence in the company's transparency and future prospects.
• Despite positive news of successfully commissioning 100 MW GenEco electrolyzer systems in Portugal and completing the first hydrogen fill for Hynetwork's Rotterdam segment, the overshadowing effect of the securities class action lawsuit may have outweighed these achievements in the eyes of investors.
• The reminder and live voting options for the adjourned Special Meeting of Stockholders tomorrow might have also added uncertainty and volatility to the stock, as investors await further developments and decisions from the company's leadership.

05.01.2026 - PLUG Stock was down 7.4%

• The downward trend in Plug Power's stock today might be linked to the rejection of key proposals at a special meeting, causing uncertainty among investors.
• A federal securities class action lawsuit alleging misleading disclosures concerning a DOE loan and strategic shift may have also impacted the stock negatively.
• Despite the stock's bearish movement, Plug Power succeeded in commissioning 100 MW GenEco electrolyzer systems in Portugal, showcasing its dedication to green hydrogen projects and potentially boosting long-term investor confidence.