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Why Shares of Plug Power, Ballard Power Systems, and Bloom Energy Are Soaring Today
While many stocks are rising and falling today due to the reports of quarterly earnings, this isn’t the case with fuel cell stocks Plug Power (NASDAQ: PLUG), Ballard Power Systems (NASDAQ: BLDP), and Bloom Energy (NYSE: BE). As of 10:37 a.m. ET, shares of Plug Power, Ballard Power Systems, and Bloom Energy are up 12.2%, 13.7%, and 14.3%, respectively. Futures for West Texas Intermediate, the U.S. benchmark, are up 4.5%, and Brent crude futures have exceeded $100 per barrel.
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