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Why Bloom Energy Caused Fuel Cell Stocks to Drop Today

·3 min read
Why Bloom Energy Caused Fuel Cell Stocks to Drop Today
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Fuel cell energy stocks seem to move in unison these days, so when one falls, the entire industry goes with it. Today, Bloom Energy (NYSE: BE) was the cause of a sell-off after it reported first-quarter 2021 earnings. Following Bloom Energy lower were Plug Power (NASDAQ: PLUG), falling as much as 11.2%; FuelCell Energy (NASDAQ: FCEL), down 7.7%; and Ballard Power Systems (NASDAQ: BLDP), falling 6.9%.