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.

toll-free at 86 or email or for information on the class action. 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. 'We continue to see significant upside in shares and recommend PLUG as a core holding for investors looking for hydrogen exposure,' Peterson summed up.New York, New York-(Newsfile Corp. (To watch Peterson's track record, click here) While lowering his price target on the stock to $24 a share, he's maintaining his overweight (i.e. In that regard, Peterson insists he remains bullish about Plug's long-term prospects. Which as noted above, Plug then proceeded to do itself - and which J.P. As the analyst commented, by getting the sales miss news out of the way, Plug is actually allowing investors get their selling out of the way today, to move on from the miss, and to focus instead on the prospective good news in '2023 and beyond.' Peterson praised the company for giving investors a heads-up on the miss before it actually happened. Plug blamed 'product launch delays, supply chain issues and customer site readiness delays' for the prospective sales miss. Thus, investors can probably expect 2022 revenues to come in somewhere between $725 million and $750 million. And even more specifically, this means that Plug will probably miss estimates for its 2022 sales by anywhere from $75 million to $100 million. Specifically, instead of growing its revenues 80% in 2022 (as it had promised), Plug says revenues actually grew closer to 45% to 50% last year. Morgan analyst Bill Peterson explained that the bad news is that, in the course of laying out its long-term plans, Plug also dropped something of a short-term bombshell. So why aren't investors happy with Plug stock?

After all, even analysts that are optimistic about Plug Power aren't expecting the company to produce honest-to-goodness GAAP profits before 2025 at the earliest. You might think investors would take that as good news - great news, even. This implies (although Plug didn't state it outright) that, as early as 2024, Plug Power might be GAAP profitable for the year - and for the first time ever in its history. Management also set the goal of narrowing its operating losses (which will be negative for most of the year) such that, by Q4 2023, the company intends to break even on an operating basis. In particular, while the company has no intention of earning a profit this year, Plug is maintaining its guidance for $1.4 billion in sales, and for achieving a positive gross margin of 10%. Some of what Plug told investors was even good news. Plug also advised that it has an even greater longer-term goal to grow sales to $20 billion (with a 35% gross margin, and a 22% operating margin) by 2030. As before, Plug maintained its long-term guidance for achieving $5 billion in annual sales (and a 30% gross profit margin, and a 17% operating profit margin) by 2026. Much of what Plug told investors came as no surprise.

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