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Plug Power, Ballard Power, FuelCell soar after Tesla Europe expansion news

Mar. 04, 2014 2:37 PM ETPlug Power Inc. (PLUG) StockBLDP, FCEL, PLUG, ULBI, ENS, ESNC, ABAT-OLDBy: Carl Surran, SA News Editor26 Comments
  • The biggest beneficiaries from news of Tesla's expansion in Europe and big move in batteries via its Gigafactory plans are fuel cell makers like Plug Power (PLUG +11.6%), Ballard Power (BLDP +18.6%) and FuelCell Systems (FCEL +20.1%); shares of each are surging past 52-week highs (again).
  • Fuel cell makers also have been on a tear since PLUG announced last week a deal with six Wal-Mart distribution centers, and investors are betting that PLUG's success will lead to similar performance from its peers.
  • Also: ZBB +49.9%, OTCPK:ABAT +9.8%, ENS +3.4%, ULBI +2.8%.

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