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Bloom Energy stock may be down more than 40% from its 52-week high, but that doesn't mean it's a screaming buy now.
A congressional disclosure just turned one fuel cell stock into the morning's biggest mover, but the filer's cost basis tells a very different story than today's price tag.
Hydrogen and fuel cell names are selling off together Thursday afternoon, and the damage is spreading unevenly across the group.
Hydrogen and fuel cell stocks are sliding Tuesday morning as the 10-year Treasury note yield sits near the top of its 52-week range.
Bloom Energy (NYSE:BE) shares are tumbling 13% to $188 in Friday afternoon trading, dragging Bloom's peers lower across the hydrogen and fuel-cell complex.
The Global X Hydrogen ETF (HYDR) offers concentrated exposure to the hydrogen sector, capitalizing on surging AI-driven energy demand and robust APAC market growth. HYDR delivered a remarkable 261% annual return and 64% in the past month, but trades at a steep premium with negative earnings and high P/B. The ETF is highly concentrated, with 80% in its top 10 holdings, and faces sectoral supply-demand imbalances and policy/geopolitical risks.
Global X Hydrogen ETF is a pure-play hydrogen fund rated 'Hold' for risk-tolerant investors seeking exposure to hydrogen energy's commercialization. HYDR's upside depends on three catalysts: surging hydrogen demand, industry profitability, and strategic partnerships by top holdings like Doosan Fuel Cell, Bloom Energy, and Plug Power. Despite a 260% one-year price surge, the fund's top holdings remain unprofitable, and current valuations already price in significant growth expectations.
April's ETF winners surged on oil rally, AI boom and strong earnings. Hydrogen, semis, AI, meme and cannabis funds led the charge.