Plug Power has nearly doubled in seven sessions on no fundamental news

Plug Power’s romp higher on heavy volumes continues apace.

Nearly 30 million shares have changed hands as of 9:27 a.m. ET, making Plug the second-most-traded stock on US exchanges and propelling the stock up double digits.

There’s little in the way of fundamental news to speak of behind Plug’s recent surge, which has seen shares nearly double since September 12.

If the stock ends higher today, it will mark 10 straight day of gains for the hydrogen fuel cell company, its longest winning streak on record.

Outside of the explosion in volumes in mid-May (after the stock had hit its lowest level in over a decade) and Plug’s meme stock moment in 2014, this is the hottest five-day average for volumes in the stock ever.

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