Plug Power +30%, CEO says major deal expected in two to three weeks

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

Plug Power (PLUG +30.3%) spikes higher after CEO Andy Marsh tells MarketWatch the company plans to announce a new major deal with a "global automaker" in the next two to three weeks.

Marsh also expects another GenKey deal similar to the one with Wal-Mart sometime this year; shares have whiplashed since announcement of a contract to supply fuel cell units to Wal-Mart in late February and a Citron Research piece that said PLUG would be fairly valued at 50 cents.

PLUG already was moving higher from a positive article by Value Investor Right Now, which outlines a case for why shares are headed to $14.

Other battery names are higher too: BLDP +16.7%, FCEL +10.7%, ZBB +9.8%.