Fuel cell stocks fall as rising Treasury yields raise financing costs for clean energy projects.

Fuel cell stocks including FuelCell Energy, Plug Power, and Bloom Energy dropped between 4% and 8% due to a sharp rise in 10-year U.S. Treasury yields, which hit 5.11%, the highest since 2007. Higher yields increase borrowing costs, making it harder to finance capital-intensive clean energy projects that require significant upfront investment. Despite strong backlogs and growth prospects, these companies face pressure on project economics and valuations. Investors should watch Treasury yields and company financials closely as financing conditions remain challenging.

As of Sep 24, 2026 22:31 WIB, FuelCell Energy (FCEL) is trading at USD 15.94 on Pluang, down 7.22% for the day, reflecting notable selling pressure. Plug Power (PLUG) also declined by 4.17%, priced at USD 1.96, while Bloom Energy (BE) dropped 6.85% to USD 256.35. Among these, FuelCell Energy shows the largest 1-day decline on Pluang, consistent with the broader sector weakness noted in the news.