$FuelCell(FCEL)$As mid-term elections near, we’re approaching the 11th hour in respect to how many promises President Joe Biden will fulfill. One of the central tenets of Biden’s economic agenda had been support for climate change investments. For hydrogen stocks Plug Power (NASDAQ:PLUG), FuelCell Energy (NASDAQ:FCEL) and Bloom Energy (NYSE:BE), this is perhaps more important than any other sector.
That’s because green hydrogen isn’t yet commonplace in the United States. Far from it. The infrastructure needed to support hydrogen as a viable fuel source is significant — and it likely won’t come about without government support.
Accordingly, hydrogen stocks are revving up on today’s news that Biden may soon issue executive action on climate change.
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