Shares of many renewable energy stocks have been declining on Thursday. Included in that are companies hoping hydrogen becomes an important source of energy for the transportation sector in the future. As of 3 p.m. EDT, shares of Nikola (NASDAQ: NKLA) , FuelCell Energy (NASDAQ: FCEL) , and Bloom Energy (NYSE: BE) were down 8%, 12%, and 4%, respectively.
Stocks in the business of hydrogen fuel are not the only ones dropping as a group today. Those related to other alternative energy solutions and electric vehicles also are on a downtrend. There is no company-specific news from any of these three hydrogen fuel-related companies today, but they each have a lot at stake regarding the future of hydrogen fuel cell technologies.
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Why Nikola, FuelCell Energy, and Bloom Energy All Dropped Today