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

|About: Plug Power, Inc. (PLUG)|By:, SA News Editor

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%.