13FPulse
PL

PLUG PLUG POWER INC

2026Q2 · CUSIP 72919P202 · Sector: Industrials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
495
Institutions that reported holding it to the SEC
Net increase in holders
+28
Last quarter 467 → now 495
How unusual is that
Top 20%
Stronger buying than 88% of US stocks
What the filings say, in one paragraph

495 funds held PLUG at the end of 2026Q2, up 28 from the quarter before. That is stronger buying than 88.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $744M(YoY +10.6%), return on equity is -282.1%. PLUG has had 15 buying rushes in its history, and the price moved +27.3% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Industrials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=39 2013Q4: holders=46 2014Q1: holders=89 2014Q2: holders=122 2014Q3: holders=122 2014Q4: holders=118 2015Q1: holders=105 2015Q2: holders=117 2015Q3: holders=108 2015Q4: holders=118 2016Q1: holders=115 2016Q2: holders=110 2016Q3: holders=112 2016Q4: holders=121 2017Q1: holders=110 2017Q2: holders=133 2017Q3: holders=140 2017Q4: holders=150 2018Q1: holders=154 2018Q2: holders=163 2018Q3: holders=165 2018Q4: holders=156 2019Q1: holders=163 2019Q2: holders=155 2019Q3: holders=164 2019Q4: holders=191 2020Q1: holders=207 2020Q2: holders=254 2020Q3: holders=320 2020Q4: holders=451 2021Q1: holders=524 2021Q2: holders=554 2021Q3: holders=528 2021Q4: holders=601 2022Q1: holders=598 2022Q2: holders=553 2022Q3: holders=564 2022Q4: holders=572 2023Q1: holders=555 2023Q2: holders=530 2023Q3: holders=509 2023Q4: holders=487 2024Q1: holders=467 2024Q2: holders=457 2024Q3: holders=435 2024Q4: holders=458 2025Q1: holders=425 2025Q2: holders=425 2025Q3: holders=454 2025Q4: holders=455 2026Q1: holders=467 2026Q2: holders=495 -131 -65.5 +0 +65.5 +131 35334632 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 15 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2025Q3 Top 20% +13.4% -8.6%
2022Q3 Top 20% -27.1% -6.8%
2021Q4 Top 10% +18.6% -33.6%
2021Q2 Top 10% +2.0% +72.0%
2021Q1 Top 5% +18.2% -8.8%
2020Q4 Top 5% -33.4% -45.3%
2020Q3 Top 5% +40.2% +109.3%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
184
Change in large funds
+17
Total value they hold
$2.2B
Funds buying for the first time
89
Funds that sold out entirely
61
Price change that quarter
-39.4%
Funds holding puts (bearish)
12
Funds holding calls (bullish)
22

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-1.33
EPS YoY
Revenue (TTM)
$0.7B
Revenue YoY
+10.6%
Net margin
-220.6%
ROE
-282.1%
Debt ratio
73.2%
FCF (TTM)
-$523M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.19 2021-12-31: EPS -0.33 2022-03-31: EPS -0.27 2022-06-30: EPS -0.30 2022-09-30: EPS -0.30 2022-12-31: EPS -0.38 2023-03-31: EPS -0.35 2023-06-30: EPS -0.40 2023-09-30: EPS -0.47 2023-12-31: EPS -1.08 2024-03-31: EPS -0.46 2024-06-30: EPS -0.36 2024-09-30: EPS -0.25 2024-12-31: EPS -1.61 2025-03-31: EPS -0.21 2025-06-30: EPS -0.20 2025-09-30: EPS -0.31 2025-12-31: EPS -0.70 2026-03-31: EPS -0.18 2026-06-30: EPS -0.14 0M 130M 260M $M -1.77 -0.89 0.00 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-499M-240M19M 20162017201820192020202120222023202420252026
Latest quarter $-152M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.