Why Plug Power Stock Popped on Monday
Shares of fuel cell pioneer Plug Power (NASDAQ: PLUG) jumped out of the gate on Monday, opening 4.1% above Friday's close at 9:30 a.m. ET, before starting to wobble lower. At the same time, rival fuel cell operator Ballard Power Systems (NASDAQ: BLDP) jumped 3.6% at the open, and -- in fits and starts -- proceeded to move even higher.
That doesn't make much sense, though.
Image source: Getty Images.
Source Fool.com