It’s been a volatile year for hydrogen and fuel cell stocks.
Two of the main players in the space, Plug Power (NASDAQ: PLUG) and FuelCell Energy (NASDAQ: FCEL), have been on a roller coaster, resulting in massive swings
Which company is worthy of your attention right now? FuelCell’s stock has seen explosive growth this year and, despite a recent drop, has risen more than 150% so far. This is largely the result of surging data center demand.
The company’s sales pipeline grew 267% to 4 gigawatts in the second quarter, and it announced an important strategic collaboration with Siemens. The partnership will help the company scale and deploy its fuel cells more quickly. FuelCell’s financials still reflect the business’s riskiness.