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NEW YORK (TheStreet) -- Battery and backup power supplier ZBB Energy Corporation(ZBB) is surging on a continued rally in the alternative fuel cell sector.
By midafternoon, shares had spiked 17.4% to $2.56. Trading volume of 4.6 million was more than five times its three-month daily average.
The clean fuel industry has been soaring in recent weeks after Plug Power(PLUG - Get Report), one of the largest alternative fuel developers by market cap, announced it had been awarded a contract with Wal-Mart(WMT) to supply more than 1,700 cells at six North American distribution centers.
On Monday, Plug Power climbed 23.2% to $10.18. Fellow fuel cell makers FuelCell Energy(FCEL - Get Report) and Ballard Power Systems(BLDP - Get Report) jumped 10.6% and 29.4%, respectively.