Pick Bloom Energy Over FuelCell Energy To Play The Fuel Cell Space?

Pick Bloom Energy Over FuelCell Energy To Play The Fuel Cell Space?

Bloom Energy power storage equipment, San Ramon, California, September 18, 2020. (Photo by Smith ... [+] Collection/Gado/Getty Images)



Gado via Getty Images

The stocks of hydrogen and fuel cell makers fared well last year, driven by increasing interest in clean energy, the recent extension of tax credits for fuel cell projects, and the election of Democrat Joe Biden to the U.S. presidency – who has proposed to spend as much as $2 trillion on fighting climate change. Bloom Energy and FuelCell Energy (NASDAQ: FCEL), two well-known names in the fuel cell market, saw their stock prices soar by 3.5x and 5x, respectively, over 2020. Let's take a look at the two companies a little more closely to find out which could be the better pick for investors. See our analysis Bloom Energy vs. FuelCell Energy: BE stock looks very undervalued compared to FCEL stock for more details on how the financial and valuation metrics for the two companies compare.

Bloom Energy sells solid oxide fuel cell generators called Bloom Energy Servers



BE

which generate electricity from natural gas or biogas via an electrochemical process without combustion. These servers