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Why FuelCell Stock Just Popped 14%

·2 min read
Why FuelCell Stock Just Popped 14%
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Hydrogen fuel cell leader Plug Power (NASDAQ: PLUG) had a big week last week, announcing multiple corporate partnerships to manufacture fuel cell parts, pioneer fuel cell use in airplanes, and bring to market a hydrogen-powered fuel cell van. Plug's biggest news -- its prediction that revenues will leap to more than $800 million next year and more than triple that number over the following three years -- helped to raise analyst price targets and lift shares of Plug Power. It also sparked stock analyst initiations of peer fuel cell companies Ballard Power (NASDAQ: BLDP) and Bloom Energy (NYSE: BE) -- but not of FuelCell Energy (NASDAQ: FCEL).