Sep. 12 at 2:49 PM
$FCEL
Fuel cell stocks are in rally mode, though briefly pulled back by a broader market correction. California will eliminate the state sales tax on hydrogen in 2026, a policy shift that bolsters the industry and increases demand for transit fuel. This move directly benefits
$PLUG and
$BLDP, both key players in hydrogen for transportation.
Meanwhile,
$FCEL is being recognized for its fast “contract-to-power” deployment off natural gas, sparking a long-awaited rally as it works to catch up with the dominant
$BE. Bloom Energy has surged from a 52-week low of
$9.02 to around
$63, marking more than a 600% gain.
