FuelCell Energy Drags Nasdaq Hydrogen Stocks Lower; Can VW Beat Tesla?

The stock market was mixed on Tuesday, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to gain some ground. As of 12:30 p.m. EDT, the Nasdaq was higher by two-thirds of a percent, topping other benchmarks that were flat to lower on the day.

However, some of the best-performing stocks on the Nasdaq were among those losing ground today. FuelCell Energy (NASDAQ: FCEL) was a notable decliner that pulled down shares of several other companies related to fuel cell technology and hydrogen. Meanwhile, investors in the electric vehicle (EV) space took notice of Volkswagen (OTC: VWAGY) and its efforts to beat Tesla (NASDAQ: TSLA) at its own game.

Shares of FuelCell Energy were down 7% at midday on Tuesday. That pulled shares of related stocks lower as well, as Plug Power (NASDAQ: PLUG) fell 5%. Ballard Power Systems (NASDAQ: BLDP) settled for a modest 1% decline.

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Source Fool.com