April 5, 2017 / 3:55 PM / in 8 months

BUZZ-Plug Power: Set for best day in over 3 yrs after Amazon deal

(Updates)

** Hydrogen fuel cell maker’s shares up 53.5 pct at $2.00 - at these levels, stock is on course for best one-day pct rise since late 2014

** Shares earlier rose as much as 84.6 pct, their biggest intraday pct gain in 17 yrs

** Plug Power says Amazon has acquired the right to buy up to 23 pct stake in company

** Deal gives AMZN powerful batteries that promise to speed up work in its warehouses

** Latham, New York-based Plug Power was valued at $319 million as of Tuesday’s market close

** U.S.-listed shares of Canadian fuel cell maker Ballard Power Systems’ rise 11.1 pct to a 2-yr high of $2.61

** Shares of FuelCell Energy were up 5.5 pct at 75 cents; announces agreement with PSEG Long Island to supply electricity

** Up to Tuesday’s close, PLUG had lost more than a third of its value in the last 12 months

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