Bloom Energy vs. Cummins: Which Hydrogen Stock is a Better Buy?

This post was originally published on this site

Much improvement in infrastructure is still required for hydrogen to become a go-to alternative energy source. But, as the world continues to move toward a greener environment, the demand for hydrogen-based energy should keep rising. Because President Biden is aiming to cut U.S. emissions by as much as 52% by 2030, the hydrogen fuel segment is expected to get a major boost, along with other alternative energy sources. So, both BE and CMI should witness increasing demand for their products.

While BE has gained 144.2% over the past year, CMI has returned 71.1%. However, in terms of their past six months’ performance, CMI is a clear winner with 15.3% returns versus BE’s 1.8%. But which of these two stocks is a better pick now? Let’s find out.

Continue reading on StockNews

Add Comment