Why Bloom Energy Caused Fuel Cell Stocks to Drop Today

·3 min read
Why Bloom Energy Caused Fuel Cell Stocks to Drop Today

Fuel cell energy stocks seem to move in unison these days, so when one falls, the entire industry goes with it. Today, Bloom Energy (NYSE: BE) was the cause of a sell-off after it reported first-quarter 2021 earnings. Following Bloom Energy lower were Plug Power (NASDAQ: PLUG), falling as much as 11.2%; FuelCell Energy (NASDAQ: FCEL), down 7.7%; and Ballard Power Systems (NASDAQ: BLDP), falling 6.9%.

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