Fuel cell stocks have been on fire over the past few months with FuelCell Energy (NASDAQ: FCEL) up more than 400% in three months, Bloom Energy (NYSE: BE) up over 200%, and Plug Power (NASDAQ: PLUG) and Ballard Power Systems (NASDAQ: BLDP) both jumping double-digit percentages over that time frame.
While the hype around fuel cells is high, the fundamentals on the ground haven't changed much in years. Fuel cells have challenges that will be difficult to overcome, and these companies have been disappointing investors for years. Here's what you need to know before jumping into a stock just because the company makes fuel cells.
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