Why Shares of Plug Power Popped on Monday
After sliding by 3% last week, shares of Plug Power (NASDAQ: PLUG) are rebounding Monday. As of 12:37 p.m. EDT, Plug Power's stock was up by 3.1%, after having been up by as much as 4.6% earlier. Other familiar fuel cell stocks were also heading higher: Ballard Power Systems (NASDAQ: BLDP) and FuelCell Energy (NASDAQ: FCEL) were up by as much as 7.2% and 6.9%, respectively, during the session.
Oftentimes, news relating to any one of these companies will be enough to buoy its peers, but that's not the case here. Instead, it seems that investors looking more favorably on these stocks in response to word out of Washington.
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Source Fool.com
