US hydrogen stocks are down as markets react to President Donald Trump’s worldwide trade tariffs.
Stocks across all industries are down at opening as firms face increased costs of sourcing overseas components. Household names like Apple, Amazon and Lululemon have seen slumps of 9%, 7% and 10% respectively.
However, share prices in companies involved in the clean hydrogen sector have also seen dives.
Cummins, which owns electrolyser maker Accelera, has plummeted 6.5%, solid oxide fuel cell (SOFC) firm Bloom Energy is down 7.39% and Plug Power has lost almost 6% at one point.
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