InvestorPlace headline: Rating the Top 3 Fuel Cell Energy Stocks Following Q2 Earnings

Sub-headline: Here are three of the leading fuel cell energy stocks in the alternative energy space

5d ago · By Tezcan Gecgil, InvestorPlace Contributor


:pushpin: The recent passing of the Inflation Reduction Act makes now the perfect time to invest in these three fuel cell energy stocks.

:pushpin: Fuel Cell Energy (FCEL): A new collaboration with a Tunisian company will facilitate the delivery of hydrogen fuel cell power to Europe and North Africa.

:pushpin: Ballard Power Systems (BLDP): The company’s latest fuel cell module was showcased in a prototype truck chassis.

:pushpin: Plug Power (PLUG): The company was recently selected for a new hydrogen cell power plant near Beaumont, TX.

Plug Power (NASDAQ:PLUG) develops hydrogen fuel cell systems designed to replace conventional batteries in equipment and vehicles. The company’s vertically-integrated solution, Genkey, produces, transports and dispenses hydrogen for various applications.

In early August, Plug presented Q2 results. Revenue increased from $124.6 million to $151.3 million. Diluted loss per share was 30 cents compared to 18 cents the year before. Cash and equivalents totaled $2.3 billion.

The company was recently selected by New Fortress Energy (NASDAQ:NFE) to build a 120 megawatt green hydrogen plant near Beaumont, Texas. The new facility will use Plug’s proton-exchange membrane (PEM) electrolysis technology to produce more than 50 tons per day of hydrogen. According to the company, the facility will be scalable up to 500 megawatts with supporting infrastructure.

$HYDR (Hydrogen ETF) daily chart


$BLDP daily chart


$FCEL daily chart


$PLUG daily chart


$NFE daily chart


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