Why Literally Every Fuel Cell Stock Popped Today
Thursday is turning into a great day to own shares of hydrogen fuel cell stocks. Inspired by news of Plug Power's (NASDAQ: PLUG) big $1.5 billion tie-up with South Korean industrial giant SK Group last night, shares of fuel cell companies totally unrelated to the deal are following Plug stock higher -- like baby ducks following a mommy duck.
Plug, as the immediate beneficiary of a deal that will see the Korean company buy a 10% interest in its stock, is logically the biggest beneficiary today -- up more than 30% in 11 a.m. EST trading, but following in Plug's wake are literally all of the other "name" fuel cell companies:
Image source: Getty Images.
Source Fool.com
