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FuelCell and Bloom Energy stocks rise on hydrogen sector rally; Plug Power lags behind.

Market News
02 Oct 2026
24/7 Wall Street
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Bullish
FuelCell and Bloom Energy stocks rise on hydrogen sector rally; Plug Power lags behind.

Hydrogen fuel cell stocks are showing mixed performance as FuelCell Energy shares jump 7% and Bloom Energy climbs 3%, driven by growing interest in onsite power solutions for data centers. However, Plug Power remains nearly flat, highlighting a split within the sector. FuelCell's recent revenue decline of 29% and quarterly loss raise concerns, with its stock price relying on future orders converting into sales. The sector's momentum, reflected in the 3% rise of the Global X Hydrogen ETF, depends on whether demand from data centers translates into firm contracts, which will be crucial for sustaining gains.

FuelCell Energy's market cap stands at $1.32 billion, with a trading volume of 3,698,223 shares on Pluang as of Oct 03, 2026 01:01 WIB, where its stock price is up 7.72%. Bloom Energy shows a much larger market cap of $81.75 billion and a volume of 11,419,942 shares, with its price rising 3.96%. Meanwhile, Plug Power has a market cap of $2.64 billion but sees heavy selling pressure on Pluang, with 85% of order activity as sell and only a slight price increase of 0.26%.

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