Seeking Alpha

Plug Power continues its ascent, other fuel cell developers pull back

  • YTD gains for Plug Power (PLUG +18.2%) now approach 200%, continuing its upward march sparked by a Jan. 2 announcement detailing its Q4 orders and yesterday's news that it will develop hydrogen fuel cell range extenders for 20 FedEx Express electric delivery trucks.
  • Spillover gains in the rest of the fuel cell industry aren't holding up today, however, as FuelCell Energy (FCEL -5.1%) and Ballard Power (BLDP -2.4%) are both lower; their respective YTD gains are 27% and 63%.
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