Source: Alexander Kirch / Shutterstock.com
Hydrogen stocks are on the move Thursday as a couple of bits of news have shares rising and falling.
Let’s start with the positive, which comes from Plug Power (NASDAQ:PLUG). The company announced a deal with Lhyfe for “ten 5 megawatt (MW) European manufactured PEM (proton exchange membrane) electrolyzer systems.”
Andy Marsh, CEO of Plug Power, said the following about the news lifting PLUG stock up:
In addition to high-performing electrolyzers, we are bringing to Lhyfe deep mobility opportunities through our joint venture with Renault and our experience deploying hydrogen-powered forklift solutions for customers like Amazon and Walmart.
What Has Hydrogen Stocks Down?
The bad news today comes from FuelCell Energy (NASDAQ:FCEL). The company released earnings for the third…