2 Reasons I Just Bought Bloom Energy Stock
Over the past couple of decades, hydrogen stocks have not been particularly good investments. The technology has been expensive, access to hydrogen as a fuel has been limited (and also expensive), and the applications of the technology have remained quite niche.
Moreover, hydrogen has been incredibly unprofitable. The oldest public companies in the hydrogen and fuel-cell business, FuelCell Energy (NASDAQ: FCEL), Plug Power (NASDAQ: PLUG) and Ballard Power Systems (NASDAQ: BLDP), have spent the past decade soaking up investor capital, then burning through it faster than you can say "innovation."
Even with investors flooding into the sector over the past year, sending shares up sharply, they've continued to burn cash. There's one exception: Bloom Energy (NYSE: BE) has generated positive operating cash, and -- in a bit of a spoiler -- that's one reason I bought shares of Bloom Energy recently.
Source Fool.com
