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. ZBB data by YChartsMust Read: Warren Buffett's 10 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.