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.