Is Hydrogen The Green Dream Or Just Overpriced Hot Air? This Hedge Fund Is Betting On A Burst
Portfolio Pulse from Piero Cingari
Barry Norris, founder and chief investment officer of Argonaut Capital Partners, has expressed skepticism about the sustainability of several business models in the hydrogen industry, predicting bleak returns in the near future. He has placed short bets against some of these firms, anticipating their stock prices will tumble. The Global X Hydrogen ETF (NASDAQ:HYDR) has seen a 40% decline over the last year. Its major players, Bloom Energy Corp. (NYSE:BE), Plug Power Inc. (NASDAQ:PLUG) and Ballard Power Systems Inc. (NASDAQ:BDLP), have suffered losses of 42%, 73%, and 50%, respectively.
September 11, 2023 | 8:48 pm
News sentiment analysis
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NEGATIVE IMPACT
Ballard Power Systems Inc. has suffered a loss of 50%.
The company's stock has seen a significant decline, which is likely to continue given the skepticism around the hydrogen industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bloom Energy Corp. has suffered a loss of 42%.
The company's stock has seen a significant decline, which is likely to continue given the skepticism around the hydrogen industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Global X Hydrogen ETF has seen a 40% decline over the last year.
The ETF has seen a significant decline, which is likely to continue given the skepticism around the hydrogen industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Plug Power Inc. has suffered a loss of 73%.
The company's stock has seen a significant decline, which is likely to continue given the skepticism around the hydrogen industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100