Plug Power in sharp but stable rise all session, levels to watch The stock has been on a sharp but stable rise all day, with a low near yesterday's close at $4.32 and a high at $5.07. At the current price of $5.02, the stock is up over 17%. On a longer-term basis the shares have broken out above the prior range high at $4.85 which has been in place since early May. This is a technical positive for the stock as is the breakout on 1.8 times normal trading volume. Next resistance is at $5.33.
Ballard Power signs multi-year fuel cell supply agreement with Plug Power Ballard Power Systems (BLDP) announced that it has signed a long term supply agreement with Plug Power (PLUG) to provide fuel cell stacks for use in GenDrive systems deployed in forklift trucks. The new supply agreement replaces an existing agreement and creates the opportunity for Ballard to remain in a leading supply position for fuel cell stacks in Plug Power's GenDrive systems. The new agreement is effective immediately and runs to the end of 2017, with the provision for two 1-year extensions.