Tuesday, March 4, 2014

Plug Power shares up 19%

SAN FRANCISCO (MarketWatch) — Shares of fuel-cell maker Plug Power Inc. soared 19% on Tuesday to $6.92. The hydrogen-cell maker has been on a tear since it announced last week a deal with six Wal-Mart Stores Inc. distribution centers. Plug mostly provides fuel-cell products for warehouse equipment. Shares are up nearly 5,000% from a 52-week low of 14 cents. The company in October was under threat of being de-listed from Nasdaq for not keeping a minimum closing bid of $1 a share over 10 days.


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