Why Shares of Plug Power Popped 11% in June
In what was a mixed month for fuel cell stocks, FuelCell Energy dipped more than 9% while Ballard Power Systems inched nearly 5% higher.
But Plug Power (NASDAQ: PLUG) outshone them both. Continuing the 8% climb that it rode through May, shares of Plug Power rose 11% in June, according to data provided by S&P Global Market Intelligence. The stock's rise is a welcome sight for investors, who saw shares plummet nearly 55% from February through April. In addition to some bright spots in Plug Power's Q1 2021 earnings report, investors hit the buy button in response to favorable takes on the stock from Wall Street.
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Source Fool.com
