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

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

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%, ABAT +9.8%, ENS +3.4%, ULBI +2.8%.