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Hydrogen Fuel Cell Stocks PLUG And Ballard Spike Despite Earnings Miss, On Senate Boost

·5 min read
Hydrogen Fuel Cell Stocks PLUG And Ballard Spike Despite Earnings Miss, On Senate Boost

Hydrogen fuel cell stocks Plug Power and Ballard Power Systems spiked Wednesday after both companies missed second quarter earnings predictions, reporting losses greater than expected. This comes after the U.S. Senate approved a sweeping spending bill over the weekend that would direct billions of dollars toward clean energy projects. PLUG increased 16% Wednesday morning while BLDP gained nearly 4%.