Shares of many renewable energy stocks have been declining on Thursday. Included in that are companies hoping hydrogen becomes an important source of energy for the transportation sector in the future. As of 3 p.m. EDT, shares of Nikola (NASDAQ: NKLA), FuelCell Energy (NASDAQ: FCEL), and Bloom Energy (NYSE: BE) were down 8%, 12%, and 4%, respectively.
Plug Power is a leader in the nascent hydrogen fuel cell economy, but PLUG stock has tumbled after announcing accounting errors in March.
During Monday's Mad Money program Lightning Round segment host Jim Cramer fielded questions from callers. One caller asked about FuelCell Energy : "No, that one is too speculative," responded Cramer. In this daily bar chart of FCEL, below, we can see that prices made a rapid three-month run up from November to February.