|Day Low/High||8.95 / 9.65|
|52 Wk Low/High||1.88 / 9.65|
Fuel-cell developer Plug Power is recovering from a two-day selloff after reporting a fourth quarter better than analysts expected.
Power shares opened over 20% higher after the fuel-cell maker reported an in-line 8 cents a share loss on stronger-than-expected revenue of $8 million, up 35.5%.
Buyers are too anxious and the fear of being left behind too great.
Share prices in Plug Power, Ballard Systems and FuelCell Energy have seen shocking gains in the last week, but TheStreet's Dan Dicker says they have become nothing more than "casino stocks."
There's potential here for now. I'm also sticking Rice Energy into my long-term portfolio.
FuelCell's first-quarter report on Monday could go some way towards justifying its valuation after it managed to curtail losses and boost sales in the three months to January.
These are tough trades to manage, as Plug Power illustrated yesterday.