ZBB Energy (ZBB) Continues Surge Upwards

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), 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) and Ballard Power Systems (BLDP) jumped 10.6% and 29.4%, respectively.

ZBB Chart ZBB data by YCharts

Must 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.

More from Markets

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves