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Why CBAK Energy Stock Just Jumped 12%

TheMotleyFool

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Shares of CBAK Energy Technology (NASDAQ: CBAT) stock jumped 12.3% as of 10 a.m. EDT Monday, after the Chinese maker of rechargeable batteries maker expressed an interest in trying its hand at fuel cells, too.

This morning, CBAK announced it has signed a memorandum of cooperation with a "leading European hydrogen energy group with 100 years of operation history."

Image source: Getty Images.

Source Fool.com

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