Fuel Cell Stocks Sink; Analyst Trashes Technology for Use in Cars (PLUG) (BLDP) (FCEL)

Shares of fuel cell plays like Plug Power Inc. (NASDAQ: PLUG) (-10.6%), Ballard Power Systems Inc. (NASDAQ: BLDP) (-1.7%) and FuelCell Energy Inc. (NASDAQ: FCEL) (-3.9%) are under notable pressure today, which could be in part related to negative commentary from Global Equities Research's Tesla (NASDAQ: TSLA) analyst, Trip Chowdhry.

According to Chowdhry, fuel cell cars are a "complete failure" and a "non-event and are not a viable source of fuel for automobiles". He highlights:

• Fuel Cell Infrastructure is non-existent.
• For Battery-in-Motion scenarios (i.e. in Cars) the Hydrogen gas needs to be compressed to 5000 lbs pressure, so as to fit in the cylinder
• The energy is spent to compress the Hydrogen Gas so as to fit it in a cylinder. A typical Hydrogen cylinder to power a Fuel cell car costs $40 and gives on an average 360 miles
• Fuel Cell powered car lacks in power density, hence a typical Fuel Cell powered card will go 0 – 60 miles per hour in 11 seconds, which is much slower than Tesla Model S, which goes 0-60 in 5.4 seconds. This is because the power density of Li-Ion battery is higher when compared to Fuel Cell Battery
• Below is the photograph of Honda Fuel Cell car that we test drove

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