Fuel Cell Stocks Are More Than 40% Off Their 2021 Highs -- Time to Buy?
Hydrogen fuel holds big promise as a clean energy source. Falling costs and an increased governmental push for clean energy recently put fuel cell companies on investors' radar, and top fuel cell stocks all surged significantly last year. Plug Power (NASDAQ: PLUG) stock rose by nearly ten times during the year. Ballard Power Systems (NASDAQ: BLDP), which rose the least of all fuel cell stocks, was still up by 225%.
However, investors now seem to be more focused on the risks involved with these stocks. Let's see if the recent fall in fuel cell stock prices presents a buying opportunity.
After surging in 2020, fuel cell stocks have seen some large declines this year, and are more than 40% off their 2021 highs. FuelCell Energy (NASDAQ: FCEL) stock has fallen around 68% off its high this year.
Source Fool.com
