Is the hydrogen share price bubble set to burst?
We have kept a close eye on the soaring valuations of hydrogen fuel cell companies and are wary that investors could be in for a rude awakening if companies fail to deliver on the hype
While UK listed ITM Power (LON:ITM) and Ceres Power (LON:CWR) are the stand out performers on the UK market, the share price returns of US listed peers are even more impressive. When we covered US listed Plug Power Inc (US: PLUG) in March 2020 the shares were trading at $3. In four short months, when most of the world has been preoccupied by Covid-19, the shares have risen four fold to $12 lifting the market capitalisation to a staggering $3.8bn. Plug calls itself “the architect of modern hydrogen and fuel cell technology” and “the innovator that has taken hydrogen and fuel…