Hydrogen Stocks Soar While EV Chargers Stumble

Plug Power stock surged 11% this week on new hydrogen supply deals, while ChargePoint and Canoo stocks dropped sharply.

ChargePoint raised $230M in new capital despite recently stating it was well-capitalized, hurting management credibility.

Plug boosted future sales outlook, predicting $6B revenue in 2027 and $20B in 2030, above analyst estimates.

Investors should still be cautious about growth estimates from Plug and others given potential for overpromising.

These remain speculative stocks, so invest only what you can afford to lose if growth doesn't materialize.