![]() ![]() North America’s largest green hydrogen production facilityįortunately for Plug Power, investors still believe that the company’s positives outweigh its negatives, a sentiment bolstered by the fact that it plans to build North America’s largest green hydrogen production facility, which the company says will be able to produce 45 metric tons of green hydrogen per day. ![]() Meanwhile, in early May the company again made headlines over news of a class action suit filed on behalf of investors who allege that the company and some of its directors and officers violated the Securities Exchange Act of 1934 because of its failure to notify investors that it would not be able to file is 2020 annual report on time due to the restatement of its books. News of a major restatement of its books for the past three years, showing lower profitability than it previously had experienced, coupled with speculation that that the Federal Reserve will soon raise interest rates and a widespread selloff of green energy and tech stocks driven by fears that the Biden Administration will raise capital gains taxes, saw Plug Power’s steadily decline in recent months.
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