Could This Hydrogen Stock Follow Bloom Energy's Path to Success?
Yahoo Finance ·
For years, hydrogen fuel cells held promise as a source of clean energy, but hydrogen power disappointed both fans and investors. The world just wasn't ready for it. An enterprising outfit called Bloom Energy ( BE 13.24% ) , however, has finally proven this renewable energy's underlying science can be the basis of a fiscally viable business. Specifically, in Q1 of this year, Bloom turned $751 million in solid oxide fuel cell revenue into non-GAAP (generally accepted accounting principles) per-share profit of $0.44, dramatically improving on its results a year earlier. Analysts expect more explosive top- and bottom-line growth going forward, too, assuming there's money to be made in the business. The question is, can perpetually struggling, persistently unprofitable hydrogen outfit Plug Power ( PLUG 1.56% ) finally follow in Bloom Energy's footsteps?
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