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Tuesday, 03/25/2014 3:17:06 PM

Tuesday, March 25, 2014 3:17:06 PM

Plug Power soars 30% on optimism over new deals

3:09 PM ET 3/25/14 | MarketWatch
SAN FRANCISCO (MarketWatch) -- Shares of Plug Power Inc. (PLUGD) jumped 30% on Tuesday after Chief Executive Andy Marsh told MarketWatch that the company is expected to announce a major deal in the next few weeks. Marsh did not disclose further details except that the customer is a global automaker. The CEO also expects another GenKey contract similar to the one the company signed with Wal-Mart Stores (WMT). Plug Power's surge sparked rallies in other fuel cell stocks with FuelCell Energy Inc. (FCEL) climbing 10% and Ballard Power Systems Inc. (BLDP) up 15%.

-Sue Chang; 415-439-6400; AskNewswires@dowjones.com

> Dow Jones Newswires

March 25, 2014 15:09 ET (19:09 GMT)

Copyright (c) 2014 Dow Jones & Company, Inc

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