Why Plug Power Stock Just Popped
Plug Power stock was up 3.5% as of 1 p.m. EST Wednesday. The past few weeks have not been kind to investors in the hydrogen fuel cell industry.
From an intraday high of $75.49 hit Jan. 26, shares of Plug Power (NASDAQ: PLUG) lost more than half their value through the nadir of yesterday's tech stock rout, falling nearly as far as $37 a share before recovering somewhat. Other fuel cell stocks have suffered similar declines: FuelCell Energy (NASDAQ: FCEL) lost more than half its value in less than two weeks, Bloom Energy (NYSE: BE) nearly half, and Ballard Power Systems (NASDAQ: BLDP) about 40%.
But in fact, Ballard, while suffering the smallest decline from top to bottom may be the stock set to lead the industry out of its rut.
Source Fool.com
