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Plug Power stock drops 5% amid profit-taking; Bloom Energy outperforms with strong growth and backlog.

Market News
26 Aug 2026
24/7 Wall Street
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Neutral
Plug Power stock drops 5% amid profit-taking; Bloom Energy outperforms with strong growth and backlog.

Plug Power shares fell 5% without new company news, likely due to profit-taking after a recent 9% rise. Despite operational progress and raised revenue guidance, Plug Power's path to profitability remains uncertain, causing volatility. In contrast, Bloom Energy reported strong Q2 results with 166% revenue growth, raised guidance, and a $20 billion backlog, supporting its higher stock valuation. FuelCell Energy also declined but remains up 164% year-to-date. Investors should consider the differing risk profiles: speculative for Plug Power, growth-focused for Bloom Energy, and intermediate for FuelCell Energy.

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