Share prices of US and European clean hydrogen companies have collapsed while projects have been delayed as the industry battles lower than expected demand, regulatory uncertainties and growing investor scepticism.
Shares of hydrogen companies Plug Power, Ballard Power Systems and Green Hydrogen Systems have fallen by more than half this year to historic lows as they reported repeated quarterly losses. Shares of Nel, Bloom Energy and ITM Power have dropped by a third.
The S&P Kensho Global…
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