If General Electric Says "No" to Fuel Cells, Is That a Good or Bad Thing for Fuel-Cell Stocks

GE doesn't see fuel cells scaling up to make it worth its while, which should send mixed signals to Ballard Power Systems and FuelCell Energy

Tyler Crowe
Tyler Crowe
Apr 14, 2014 at 10:35AM
Energy, Materials, and Utilities

One of the big fears of an upstart company is that one of the established giants of the industry will take a stab at it themselves. So when General Electric (NYSE:GE) said that it isn't interested in building fuel cells, both Ballard Power Systems (NASDAQ:BLDP) and FuelCell Energy (NASDAQ:FCEL) should be jumping for joy, right? 

Not having to compete with a well-financed giant like GE certainly will make it easier to sell their products. Long term, though, GE's reason for not embarking on fuel cells -- not enough global platinum or palladium supply for large-scale production -- might raise a couple flags of caution to the wind. Find out why these two precious metals could be the crux of fuel cell's future by tuning into the video below.