This Hydrogen Stock Is A Better Bet Compared To FuelCell Energy

This Hydrogen Stock Is A Better Bet Compared To FuelCell Energy

The hydrogen and fuel cell space has come back into focus, with the $1. 2 trillion U. S. infrastructure bill being recently signed into law and the Build Back Better act being passed by the House. Back in January, we noted that Bloom Energy, a company that sells solid oxide fuel cell generators, was a better pick to play the hydrogen economy compared to FuelCell Energy, a company focused on designing larger fuel-cell power plants. (see our update below) Now, eleven months hence, while both stocks have underperformed the market, Bloom has returned about 10%, while FuelCell remains down by about 7. 5% year-to-date. So is there more upside to this trade? Yes. We think Bloom Energy is meaningfully undervalued compared to FuelCell. Our dashboard Bloom Energy vs FuelCell Energy: Which Stock Is A Better Bet? has more details on this. Parts of the analysis are summarized below. Bloom is growing more quickly and consistently compared to FuelCell. Over the last twelve months, Bloom has grown revenue by 15. 9%, compared to 11. 9% for FuelCell. Looking at a longer period, Bloom's sales rose by about 29. 5% each year over the last three years, driven by growing installations of