Update (4:35 p.m.): Updated with Monday market close information.
NEW YORK (TheStreet) -- FuelCell Energy (FCEL) hit a one-year high of $4.23 on Monday as fuel cell providers, including Plug Power (PLUG) and Ballard Power Systems (BLDP), continued their recent surge as the demand for clean battery technology increases.
Plug Power recently earned a contract with Wal-Mart (WMT) to provide more than 1,700 hydrogen fuel cell solutions to power electric lift truck fleets at six of Wal-Mart's North American distribution centers. Plug Power's stock has increased almost sixfold so far this year.
FuelCell closed up 11.33% to $3.93, up 40 cents from its previous close of $3.53, on Monday. The company will also release its first-quarter earnings after the market closes on Monday.
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