Plug Power up 7% following analyst initiation Shares of Plug Power are up more than 7% in after-hours trading after FBR Capital initiated coverage on the company with an Outperform rating and a price target of $8.00. Analyst Aditya Satghare sees multiple catalysts on the horizon including, "new order wins in the U.S., potential expansion in Europe, and the rollout of a hydrogen delivery solution." Reference Link
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.