August 2023 (Revised October 2024)
Case
HBS Case Collection

Accounting Outages at Plug Power? (A)

By: Jonas Heese, Joseph Pacelli and James Barnett

Format:Print
| Language:English
| Pages:17

Abstract

Set immediately after a December 2019 short-seller attack, the case explores Plug Power’s long challenging history. It then focuses on two key issues raised in the short-seller report related to lease accounting and stock warrants that Plug purportedly used to boost profits.

Keywords

Accounting; Environmental Accounting; Financial Reporting; Ethics; Management; Social Enterprise; Investment; Stocks; Energy Industry; Green Technology Industry; United States; Europe

Citation

Heese, Jonas, Joseph Pacelli, and James Barnett. "Accounting Outages at Plug Power? (A)." Harvard Business School Case 124-009, August 2023. (Revised October 2024.)