SCHEDULE: BlackRock Discloses 7.2% Stake in Plug Power Inc.

BlackRock, Inc. has reported a 7.2% beneficial ownership stake in Plug Power Inc., holding over 83 million common shares as of June 30, 2025.

Summary

• BlackRock, Inc. beneficially owns 83,088,389 shares of Plug Power Inc. common stock.
• This ownership represents 7.2% of the total outstanding common shares of Plug Power Inc.
• BlackRock holds sole voting power over 80,960,385 shares and sole dispositive power over 83,088,389 shares.
• No shared voting or dispositive power is reported.
• The filing indicates the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Plug Power Inc.

Sentiment

Score: 6

Explanation: The document is a factual ownership disclosure. A large institutional stake from a prominent asset manager like BlackRock can be viewed as a positive signal of confidence in the company, hence a slightly positive sentiment score.

Positives

• The disclosure of a significant stake by a major institutional investor like BlackRock can be interpreted as a signal of confidence in Plug Power Inc.'s long-term prospects.
• BlackRock's substantial sole voting and dispositive power over its holdings indicates active management of its investment.

Risks

• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, which mitigates immediate corporate governance risks from this specific filing.

Management Comments

• The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
• No one person's interest in the common stock of PLUG POWER INC is more than five percent of the total outstanding common shares, despite various persons having the right to receive dividends or proceeds from sale.

Industry Context

This filing reflects a standard disclosure by a major institutional asset manager regarding its significant passive investment in a publicly traded company, common in the financial industry for transparency and regulatory compliance.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a major institutional investor like BlackRock can influence investor sentiment and potentially the stock price, signaling institutional confidence in Plug Power Inc.

Key Dates

Keywords

Plug Power Inc., BlackRock, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Ownership Disclosure, PLUG