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

·3 min read
Why FuelCell Energy, Bloom Energy, and Plug Power Stocks Jumped Today
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Fuel-cell stocks were higher today, with Plug Power (NASDAQ: PLUG), Bloom Energy (NYSE: BE), and FuelCell Energy (NASDAQ: FCEL) gaining 3.2%, 5.6%, and 11.4%, respectively as of 1 p.m. EDT. With more and more carmakers investing in hydrogen fuel-cell technology, investors in fuel-cell stocks are getting increasingly upbeat about the prospects. A report from Reuters this morning revealed how some of the auto giants from across the world are looking beyond battery-electric vehicles and investing in hydrogen, which appears to be pumping interest in hydrogen fuel-cell stocks.