Read: Plug Power ‘Plagued’ But A Rival Hydrogen OEM Stock Shows Promise – Morgan Stanley

In the same note, Morgan Stanley said it remains Overweight on Bloom Energy Corp (NYSE:BE) given “strong underlying demand and the profitability of its fuel cell business.”

We compare the two clean energy companies here.

Related: Plug Power Down Over 37%, Issues Going Concern Warning — 4 Analysts Slash Stock Outlooks

A $1000 invested into each of these stocks a year back would have reduced in value. While the Bloom Energy stock investment would have reduced to $709.08, Plug Power stockholders would have been left with just $291.67 on their $1000 invested.

While both companies face challenges, one is in a worse situation as compared to the other.

Plug faces certain policy changes, external funding needs, and internal business headwinds. It is not expected to become profitable before 2026. Also, the company continues to burn cash at an alarming rate, indicating a need for urgent cash raising.

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