Over the past month, shares of Plug Power (PLUG) have come under pressure. One of 2020’s outperformers suffered as the market wide pullback particularly affected growth stocks, with the new energy cohort taking a real beating. Disappointing Q4 earnings haven’t helped either and now jittery investors will have to contend with more bad news. On Tuesday, the hydrogen fuel cell specialist said it will have to refile its fiscal 2018–2019 financial statements along with some recent quarterly filings, after it had spotted non-cash related errors while preparing its 10-K filing with auditor KPMG.
https://www.tipranks.com/news/article/is-plug-power-a-buy-following-financial-statements-fiasco