June 8, 2017 / 3:00 PM / 4 months ago

BUZZ-Hydrogenics Corp: Jumps on over $50 mln fuel cell deal

** Shares of company, which makes hydrogen-powered generators, surge as much as 29 pct to C$12.30; Touches more than a year high

** Company signs purchase and license agreement with Blue-G New Energy Science and Technology Corp for over $50 mln

** Under deal terms, HYG to deliver 1,000 fuel cell units to Blue-G to be used in zero-emission electric buses and an engineering support component

** More than 22,000 shares change hands, 4.4x 30-day moving avg

** Up to Wednesday’s close, HYG had gained nearly two-thirds its value YTD

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