Plug Power, Ballard, FuelCell all tumble as analyst calls fuel cell cars "failure"

|About: Plug Power, Inc. (PLUG)|By:, SA News Editor

Shares of fuel cell plays such as Plug Power (PLUG -13.6%), Ballard Power (BLDP -1.9%) and FuelCell Energy (FCEL -4.2%) are lower, possibly related to negative commentary from Global Equities Research's Tesla analyst, Trip Chowdhry, who says fuel cell cars are a "complete failure" and a "non-event... not a viable source of fuel for automobiles."

Fuel cell infrastructure is "non-existent," and in for battery-in-motion scenarios in cars, the hydrogen gas needs to be compressed to 5,000 lbs. of pressure so as to fit in the cylinder, the analyst says.