Hydrogen fuel cells could play a key role in the world’s transition toward renewable energy sources. The evolving technology has garnered interest from environmental bodies, governments, energy companies, and investors. Fuel cell stocks, including Plug Power (NASDAQ: PLUG) and FuelCell Energy (NASDAQ: FCEL), soared in 2020, reflecting this enthusiasm. But is one a better investment than the other?
One of the factors that differentiates the two fuel cell companies is their revenue growth. With an average revenue growth of 37% over the last five years, Plug Power easily beats FuelCell Energy on this front.