Hydrogen stocks performed less well in the first quarter than in 2020
Hydrogen sector to bounce back – BIoomberg
Bloomberg Intelligence expects investments in the sector to rise dramatically in the next few years
Firms operating in the hydrogen sector saw a weaker performance in the first quarter of 2021 after rising interest rates and concerns over project returns caused a sell-off in stocks, according to a report by Bloomberg Intelligence (BI). The research firm has created a basket of companies to track performance in the sector. To be included, members must expect to generate a meaningful portion of revenue by 2025 from the manufacture of fuel cells and electrolysers or other activities related to producing, transporting, storing or using hydrogen. After strong 2020 returns shares of almost two-thirds of firms in the BI hydrogen basket fell in the first quarter. But the poor performance of these
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