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Hydrogen fuel-cell stocks are soaring. Yes, it’s a bubble.

from Barron's

Hydrogen fuel-cell stocks are soaring. Yes, it’s a bubble. Barron's Wall Street discovered hydrogen this year. It has been around for 13 billion years, but the big bucks earmarked for green-energy projects, and a fresh craze for shares of companies aiming to make hydrogen-fueled trucks, have raised the investment profile of all things connected to this ubiquitous gas. That includes shares of hydrogen fuel-cell makers such as Plug Power, Ballard Power Systems, and Bloom Energy, the first two of which are up fourfold in the past 12 months. Trading at more than 50 times future cash flow, the stocks look priced to disappoint. READ MORE

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