U.S. SEC Says Plug Power To Pay $1.25M Civil Fine To Settle Charges Over Reporting, Accounting And Controls Failures That Required A Multi-Year Restatement
Portfolio Pulse from Happy Mohamed
The U.S. Securities and Exchange Commission (SEC) has announced that Plug Power will pay a $1.25 million civil fine to settle charges over reporting, accounting, and controls failures that required a multi-year restatement.
August 30, 2023 | 1:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Plug Power is to pay a $1.25 million fine to settle SEC charges over reporting, accounting, and controls failures.
The news of a significant fine due to reporting, accounting, and controls failures is likely to negatively impact investor sentiment towards Plug Power. This could lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100