Here’s Why Plug Power Stock Jumped 15% Today

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Shareholders of hydrogen fuel cell maker Plug Power (NASDAQ: PLUG) have had a good week. Shares are up 90% in just the last five days. That includes today, with shares up 15% as of 11 a.m. EST.

The huge move in the stock has come from actual news, and not just investor exuberance. 

Today, Plug Power and French automaker Groupe Renault (OTC: RNSDF) announced the intention to create a 50-50 joint venture (JV) to integrate Plug Power’s fuel cell technology into commercial vans in Europe. 

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