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An update from Plug Power ( (PLUG) ) is now available.
On December 30, 2025, Plug Power entered into a 15-year Release Event License Agreement with Walmart that establishes a contingency framework for Walmart to access escrowed GenKey System-related software, documentation and materials solely for internal maintenance of its facilities if certain defined release events occur, while Plug Power retains all intellectual property rights. The agreement also sets out Plug Power’s efforts to qualify alternative fuel cell stack suppliers, gives Walmart limited conditional rights around stack sourcing, provides for compensation to Walmart under certain circumstances for costs to sustain industrial truck operations, and structures a tiered fee arrangement under which Walmart pays one-time and annual license fees that increase if a release event is triggered. As part of the deal, Walmart irrevocably terminated a 2017 transaction agreement and forfeited all vested portions of a warrant to purchase Plug Power common stock, with all unvested portions cancelled, thereby eliminating potential future dilution of up to 42,192,479 shares and removing 34,554,185 vested warrant shares and 7,638,294 unvested shares from Plug Power’s future share issuance overhang.
The most recent analyst rating on (PLUG) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Plug Power stock, see the PLUG Stock Forecast page.
Spark’s Take on PLUG Stock
According to Spark, TipRanks’ AI Analyst, PLUG is a Neutral.
Plug Power’s overall stock score reflects significant financial challenges, with persistent losses impacting profitability and cash flow. However, positive strategic initiatives and corporate events provide some optimism. Technical analysis and valuation remain moderate, with mixed signals and a challenging valuation due to ongoing losses. The earnings call highlighted strong revenue growth and strategic positioning, contributing positively to the score.
To see Spark’s full report on PLUG stock, click here.
More about Plug Power
Plug Power Inc. operates in the hydrogen fuel cell and clean energy technology industry, providing fuel cell systems and related solutions such as its GenKey System, which supports material handling and industrial truck operations for large enterprise customers including retailers and logistics operators like Walmart.
Average Trading Volume: 113,528,113
Technical Sentiment Signal: Sell
Current Market Cap: $3.3B
See more insights into PLUG stock on TipRanks’ Stock Analysis page.