Why Plug Power Stock Shot Higher Today
Plug Power (NASDAQ: PLUG) stock took off Monday morning. Shares of the hydrogen fuel cell supplier peaked with an almost 15% gain in early trading. The stock remained higher by 11.9% as of 1:30 p.m. ET.
Plug develops and commercializes hydrogen fuel cell systems. Large companies including Amazon, , and Home Depot utilize Plug's systems to power forklifts and other material handling equipment in distribution centers and warehouses.
A big announcement today has investors thinking Plug's future business could be related to an even faster-growing segment.
Source Fool.com
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