Plug Power Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

SWX:PLUG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
09 Jun 25	BuyCHF 551,499	Paul Middleton	Individual		650,000	CHF 0.85
16 May 25	BuyCHF 210,245	Paul Middleton	Individual		350,000	CHF 0.60

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of PLUG?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	8,917,356	0.65%
Private Companies	54,966,188	4%
Institutions	539,691,013	39.3%
General Public	769,036,083	56%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 50.6%.

Top Shareholders

Top 25 shareholders own 36.78% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.99%	The Vanguard Group, Inc.	109,631,956	CHF 169.0m	7.65%	no data
7.26%	BlackRock, Inc.	99,589,204	CHF 153.5m	19.2%	no data
4%	Grove Energy Capital LLC	54,966,188	CHF 84.7m	0%	no data
2.03%	Geode Capital Management, LLC	27,812,347	CHF 42.9m	15.5%	no data
1.89%	UBS Asset Management AG	25,893,743	CHF 39.9m	58.8%	no data
1.81%	State Street Global Advisors, Inc.	24,841,340	CHF 38.3m	21.8%	no data
1.62%	The Goldman Sachs Group, Inc.	22,191,750	CHF 34.2m	531%	0.02%
1.29%	Legal & General Investment Management Limited	17,695,077	CHF 27.3m	4.21%	0.01%
0.94%	D. E. Shaw & Co., L.P.	12,880,083	CHF 19.9m	42.3%	0.02%
0.79%	Two Sigma Investments, LP	10,830,893	CHF 16.7m	292%	0.03%
0.73%	Northern Trust Global Investments	9,996,721	CHF 15.4m	20.7%	no data
0.72%	Mirae Asset Global Investments Co., Ltd.	9,834,276	CHF 15.2m	19.1%	0.01%
0.71%	Hudson River Trading LLC	9,800,717	CHF 15.1m	-24%	0.09%
0.71%	Millennium Management LLC	9,778,839	CHF 15.1m	2,600%	0.01%
0.69%	Charles Schwab Investment Management, Inc.	9,525,346	CHF 14.7m	18.3%	no data
0.63%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	8,675,648	CHF 13.4m	310%	no data
0.49%	Invesco Capital Management LLC	6,722,212	CHF 10.4m	-11.8%	no data
0.44%	Van Eck Associates Corporation	5,977,356	CHF 9.2m	24.8%	0.01%
0.33%	Electron Capital Partners, LLC	4,576,398	CHF 7.1m	0%	0.39%
0.33%	Morgan Stanley	4,537,569	CHF 7.0m	-33.9%	no data
0.32%	BNP Paribas Financial Markets SNC	4,447,933	CHF 6.9m	7.51%	0.01%
0.3%	Coatue Management, L.L.C.	4,098,713	CHF 6.3m	0%	0.02%
0.27%	Voya Investment Management LLC	3,715,796	CHF 5.7m	-1.49%	0.01%
0.25%	Jane Street Group, LLC	3,401,070	CHF 5.2m	39.6%	0.01%
0.24%	BNY Asset Management	3,358,582	CHF 5.2m	19.5%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/02 16:00
End of Day Share Price	2025/12/02 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Plug Power Inc. is covered by 40 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Moses Sutton	Barclays
Moses Sutton	Barclays
Ameet Thakkar	BMO Capital Markets Equity Research