FuelCell Energy Drops 11%, Bloom Energy Slides 8%, Plug Power Falls 6% as Fuel-Cell Stocks Unwind Massive 2026 Gains Quick Read – FCEL slid below its dilutive $21 offering price on weak Q2 results, while BE battles a disputed Hunterbrook short report alleging China dependence. -…
e HYDR ETF concentrates today’s pain, with BE, PLUG, and FCEL together representing 29% of the hydrogen ETF’s net assets. – Fuel-cell stocks are losing a chunk of their monster 2026 gains on Friday morning, with three high-profile names all trading sharply lower. FuelCell Energy (NASDAQ:FCEL) is leading the decline, off 11% to $20.49, while Bloom Energy (NYSE:BE) is down 8% to $235.69 and Plug Power (NASDAQ:PLUG) is lower by 6% to $2.24
The moves come after an extraordinary run. Year to date, FuelCell Energy stock is up 181%, Bloom Energy stock is up 174%, and Plug Power stock has advanced 14%. Investors have bid the group up on the AI data center power thesis, and profit-taking looks like the dominant force this morning.
None of the three currently carries a trailing P/E ratio, as each remains unprofitable. Trailing EPS stands at -$6.20 for FuelCell Energy, -$0.05 for Bloom Energy, and -$1.39 for Plug Power. Three Separate Threads, One Sector Unwind FuelCell Energy is the clearest story.