Plug Power disclosed its near-term, mid-term and long-term targets of $1.4 billion and above in 2023, $5 billion in 2026, and $20 billion in 2030. Impressive revenue growth potential as 2026 target surpasses expectations Increasing visibility towards profitability as it grows in scale and incorporates more automation into its processes, with the vertical integration strategy bringing in additional advantages.The company has a solid path for margin expansion and to reach operating profitability by 2024 as it has multiple levers to pull to achieve this.With the huge opportunity set in the hydrogen economy, Plug Power looks set to benefit from the tailwinds of increasing adoption of and utilization levels of the hydrogen economy.Plug Power has a strong revenue growth potential, with bold mid-term to long-term revenue targets, as it works through its sales funnel and bring in customers to its hydrogen ecosystem.My investment case for Plug Power is as follows: While Plug Power is affected by the rising rate environment as a currently unprofitable company, I think that it is difficult to time the bottom of the market and would recommend investors accumulate on weakness given the significant upside for patient investors. Prior results do not guarantee a similar outcome.I have previously written articles on Plug Power ( NASDAQ: PLUG)and I continues to reiterate my confidence in the company after attending the Plug Symposium in-person. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.įollow us for updates on LinkedIn:, on Twitter: or on Facebook. You may also remain an absent class member and do nothing at this point. Until a class is certified, you are not represented by counsel unless you retain one. toll-free at 86 or email or for information on the class action. To join the Plug Power class action, go to or call Phillip Kim, Esq. When the true details entered the market, the lawsuit claims that investors suffered damages.
As a result, defendants' statements about Plug Power's business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.ĭETAILS OF THE CASE: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug's business and operations.
In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. In 2019 alone the firm secured over $438 million for investors. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023. A class action lawsuit has already been filed. WHAT TO DO NEXT: To join the Plug Power class action, go to or call Phillip Kim, Esq. SO WHAT: If you purchased Plug Power common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. (NASDAQ: PLUG) between Augand March 1, 2023, both dates inclusive (the "Class Period") of the important Jlead plaintiff deadline. May 26, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc.
0 kommentar(er)
