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3 Hydrogen Stocks Wall Street Believes are Overvalued -Breaking

by Mike Robinson

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© Reuters. Wall Street believes that 3 Hydrogen Stocks Are Overvalued

In the short term, hydrogen is likely to see strong growth because of the growing focus by governments all over the globe on decarbonization. However, it might be wise not to invest in Hydrogen stocks such as Bloom Energy (NYSE:), Ballard Power(BLDP), or FuelCell Energy [FCEL]. Wall Street analysts feel these stocks are highly valued. Let’s discuss.Considering the increasing speed of global climate change, and rising oil prices, governments worldwide have been formulating strict policy measures to transition their nations’ economies to a green-energy-based, sustainable future. The reopening of the industrial sector will also boost the demand for hydrogen. A report by Emergen Research states that the green hydrogen market worldwide is projected to increase at 14.1% CAGR from 2021 to 2028.

The high initial cost of hydrogen infrastructure and its ongoing maintenance is a major drawback. Furthermore, a disrupted supply chain, logistical difficulties, and reduced workforce availability are also hampering the hydrogen market’s growth.

Wall Street analysts see this as a reason to believe that Bloom Energy Corporation, (BE), is a viable option. Ballard Power Systems Inc . At their current prices, FuelCell Energy, Inc., (NASDAQ:) and FuelCell Energy, Inc., (FCEL), are unwise investments. We believe it would be prudent to steer clear of these stocks at the moment.

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