What happened Shares of all the major fuel cell stocks popped Thursday on some good news out of Washington and some news from one of the fuel cell companies themselves that wasn't as bad as it could have been. As of noon EST, shares of Bloom Energy (NYSE: BE) are up 6.5%, FuelCell Energy (NASDAQ: FCEL) is gaining 6.6%, Plug Power (NASDAQ: PLUG) is up 8%, and Ballard Power Systems (NASDAQ: BLDP) is up 8.8%. Image source: Getty Images. So what Ballard, incidentally, is the one with actual news today -- or more precisely last night. Wednesday evening, Ballard dropped its fourth-quarter earnings report, showing a $0.05 per share loss where Wall Street had predicted only $0.04, and $28.6 million in sales versus the Street's anticipated $30.2 million. Speaking plainly, it was a miss on both the top and bottom lines. And yet, it wasn't a huge miss, and the news wasn't all bad. Although sales declined 32% for the quarter, they were down only 2.3% for the fiscal year 2020 as a whole -- not a horrible performance for an economy mired in pandemic and recession. More importantly (both for Ballard and for its peer fuel cell companies), the company noted the "unprecedented progress with strong policy support" that the fuel cell industry attracted last year, which is continuing into this year, giving hope that 2021 will be even better than 2020. Now what Around the globe, roughly 50 countries around the world have now announced "CO2 pricing initiatives," notes Ballard. Seventy-five countries have set "net zero targets" for carbon emissions, and more than 30 countries are specifically adopting "hydrogen strategies" to reduce carbon emissions. All of that sounds propitious for fuel cells, which by their nature generate electricity without releasing carbon into the atmosphere. In the U.S., UtilityDive.com is reporting today that Senate Democrats are preparing to introduce a revived "Clean Energy for America Act" that will replace the current system of "short term" tax credits specifically targeting the solar and wind industries with "permanent ... technology-neutral" subsidies for green energy in general. On a macro level, such legislation would be good news for renewable energy investors in general, as it would help to allocate monies more rationally toward the most efficient and profitable green energy industries. For investors in fuel cell stocks in particular, in would likely open up access to copious streams of federal money that had previously been reserved only for companies in the solar and wind sectors, making them available to fuel cell companies, too. Although passage is not assured, even just the potential for a law such as this one is giving fuel cell investors new reasons to cheer today. 10 stocks we like better than Ballard Power SystemsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ballard Power Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source