Why These 3 Fuel Cell Stocks Crashed Today

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Fuel cell stocks struggled on Wednesday. In early trading, shares of Bloom Energy (NYSE: BE) were down 2.8%, Plug Power (NASDAQ: PLUG) was off 6.5%, and Ballard Power Systems (NASDAQ: BLDP) was worst of all, down 9.4% at 10:45 a.m. EST.

Last month, fuel cell companies were cashing in on their astounding stock market success by issuing new shares at rich valuations and collecting the cash. Now, they’re doing it again — and diluting shareholders in the process.

Image source: Getty Images.

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