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Why Plug Power, Bloom Energy, and Nikola Stocks Jumped Today

·3 min read
Why Plug Power, Bloom Energy, and Nikola Stocks Jumped Today
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Hydrogen fuel-cell stocks kicked off Tuesday on a strong note, with shares of Plug Power (NASDAQ: PLUG), Bloom Energy (NYSE: BE), and Nikola (NASDAQ: NKLA) jumping 7.7%, 7%, and 5.7%, respectively, as of 2:25 p.m. ET. Multiple developments that confirm rising global interest in green hydrogen and fuel-cell technology reignited investor interest in leading hydrogen stocks today. Meanwhile, the United Arab Emirates (UAE) is collaborating with French utility Engie to invest $5 billion to develop renewable energy and hydrogen projects with two gigawatts of capacity by 2030.