10 Largest Plug Power Shareholders In 2023

Plug Power is a leading provider of hydrogen fuel cell systems and solutions, revolutionizing the way power is generated and stored.

Founded in 1997 and headquartered in Latham, New York, Plug Power has emerged as a prominent player in the clean energy industry.

Here is a list of the top 10 Plug Power shareholders as 9/14/2023.

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1. Vanguard Group Inc

• Ownership: 9.03%
• Shares Held: 54,362,685

2. BlackRock Inc

• Ownership: 8.12%
• Shares Held: 48,879,373

3. BNP Paribas Asset Management Holding SA

• Ownership: 3.68%
• Shares Held: 22,177,114

4. Norges Bank Investment Management

• Ownership: 2.84%
• Shares Held: 17,071,628

5. State Street Corporation

• Ownership: 2.68%
• Shares Held: 16,121,043

6. Morgan Stanley

• Ownership: 1.98%
• Shares Held: 11,906,432

7. Geode Capital Management LLC

• Ownership: 1.37%
• Shares Held: 8,260,321

8. Robeco Schweiz AG

• Ownership: 0.99%
• Shares Held: 5,966,500

9. Voya Investment Management LLC

• Ownership: 0.95%
• Shares Held: 5,717,795

10. Public Investment Fund

• Ownership: 0.94%
• Shares Held: 5,670,917

Click here to check the current Share Price of Plug Power (PLUG) on Robinhood!

What Is Plug Power?

Plug Power is an American company that specializes in hydrogen fuel cell systems and hydrogen fueling solutions.

The company is known for developing and manufacturing fuel cells and hydrogen infrastructure for a variety of applications, including material handling equipment like forklifts and pallet jacks, as well as stationary power systems for backup power and electric vehicle charging.

Plug Power's fuel cell technology uses hydrogen as a clean and efficient energy source to power electric vehicles and other equipment. This technology has gained attention and popularity in industries where reducing emissions and increasing energy efficiency are priorities.

Hydrogen fuel cells produce electricity through a chemical reaction between hydrogen and oxygen, with the only byproduct being water vapor, making them an environmentally friendly alternative to traditional internal combustion engines or battery-powered systems.

Plug Power has partnered with various companies in industries such as logistics, e-commerce, and manufacturing to help them transition to hydrogen fuel cell-powered solutions for their material handling operations.

The company has also been involved in projects related to the development of hydrogen infrastructure and hydrogen production methods to support a broader adoption of hydrogen as a clean energy source.

Conclusion

These top shareholders in Plug Power are a mix of institutional investors, investment management firms, and asset managers.

Together, they own a significant portion of the company and have a significant influence on its operations and strategic decisions.