Why Plug Power Inc's Shares Popped 12% Today

Shares of hydrogen fuel-cell company Plug Power Inc (NASDAQ: PLUG) jumped as much as 12% in trading on Wednesday after the company's chairman bought $426,000 worth of stock. At 3:25 p.m. EDT, shares were still up 11.6% for the day.

Chairman George McNamee purchased 200,000 shares of Plug Power stock for about $426,000 to increase his stake in the company to 661,131 shares. This happened within a window of time during which insiders can buy or sell stock, so we're seeing a big player do just that with Plug Power.

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Source: Fool.com