SCHEDULE: Norges Bank Reduces Stake in Plug Power to 0.4%
Beneficial Ownership Report Amendment
Norges Bank has amended its beneficial ownership filing for Plug Power Inc., reporting a reduced stake of 0.4% of common stock.
Summary
- Norges Bank, representing the Government of Norway, filed an Amendment No. 1 to its Schedule 13G for Plug Power Inc.
- As of June 30, 2025, Norges Bank beneficially owns 5,006,031 shares of Plug Power Inc. common stock.
- This ownership represents 0.4% of the class of securities.
- Norges Bank holds sole voting power over 45,519 shares and shared voting power over 0 shares.
- Norges Bank holds sole dispositive power over 45,519 shares and shared dispositive power over 4,960,512 shares.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 4
Explanation: The filing indicates a reduction in Norges Bank's stake in Plug Power Inc. to 0.4%, falling below the 5% reporting threshold. While not a direct negative comment on the company, a divestment by a significant institutional investor can be perceived negatively by the market.
Negatives
- Norges Bank's beneficial ownership in Plug Power Inc. has decreased to 0.4% of the common stock, indicating a reduction in their stake below the 5% threshold that typically requires a Schedule 13G filing.
Management Comments
- Norges Bank certifies that the securities 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.
Industry Context
This filing reflects a change in an institutional investor's position in a company operating in the hydrogen and fuel cell industry, which is a growing sector focused on clean energy solutions.
Related Party Transactions
- The shares reported are invested on behalf of the Government of Norway.
Stakeholder Impact
- Shareholders may note the reduction in stake by a prominent institutional investor, which could influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement |
| 07/24/2025 | Signature date of the filing |
Keywords
Plug Power Inc., Norges Bank, Schedule 13G, beneficial ownership, common stock, institutional investor, ownership stake, hydrogen, fuel cell
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