Renewable energy stocks surged higher Tuesday after Plug Power (NASDAQ: PLUG) announced receipt of a $1.66 billion loan guarantee from the U.S. Department of Energy. Plug currently has two hydrogen fuel facilities producing at full capacity, with a third approaching that mark. Plug says the government assistance will help it to “finance the development, construction, […]
The shares of FuelCell Energy (NASDAQ: FCEL) are going to have quite a week, if their performance on Monday is any indication. The company’s stock zoomed nearly 7% higher on Monday thanks to a new financing deal. That rate easily bettered the 0.3% increase of the S&P 500 index that day. New funds incoming FuelCell announced […]
‘Twas the morning after Earth Day, and all through Wall Street, lots of fuel cell stocks were stirring this morning. As of 10:20 a.m. ET, shares of Plug Power (NASDAQ: PLUG) had risen 8.2%, Bloom Energy (NYSE: BE) was up by 9.3%, and FuelCell Energy (NASDAQ: FCEL) was doing best of all — up 11.9%. […]
Hand holds out a fuel cell car utting out H2 bubbles as exhaust. Shares of fuel cell pioneer and Plug Power rival FuelCell Energy (NASDAQ: FCEL) surged nearly 15% Monday morning after FuelCell announced a new partnership with ExxonMobil (NYSE: XOM) to test a new kind of fuel cell useful for carbon capture. As of […]