Why (Most) Fuel Cell Stocks Popped Today

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It’s a busy day for fuel cell stocks Tuesday, with Plug Power (NASDAQ: PLUG) shares powering 15% higher on news of a new 50-50 joint venture to put Plug fuel cells in Renault commercial vans in Europe.

Plug’s announcement pulled the whole sector higher in early trading, but as the day wears on we’re seeing a bit of a shakeout, with FuelCell Energy (NASDAQ: FCEL) still hanging on to an impressive 13.7% gain and Ballard Power Systems (NASDAQ: BLDP) up 18% as of 11:40 a.m. EST. In contrast, Bloom Energy (NYSE: BE) stock is fading fast, dropping below a 2% gain around 11 a.m. and currently up just a fraction of a percent from yesterday’s close.

Image source: Getty Images.

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