3 of the Best Green Hydrogen Stocks to Buy for a Clean Energy Future

best hydrogen stocks

We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. The economy needs energy across sectors to run smoothly, making these companies potential buys. BP intends to capture a 10% share of the hydrogen market in its core operating areas.

In addition, their average price target stands at $67.81, implying an upside potential of over 16%. The best hydrogen fuel cell stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time. Originally a business unit of Horizon Fuel Cell, Hyzon was established in 2020 and is headquartered in Rochester, New York. Hyzon supplies commercial heavy-duty and medium-duty trucks as well as buses and coaches powered by hydrogen fuel cells. Because the technology to produce green hydrogen is costly right now, investing in green hydrogen stocks already might seem speculative. If you’re able to handle a bit more risk though, consider investing in this green hydrogen stock outlier.

In 2020, Bloom Energy made a splash in the green hydrogen market and began producing fuel cells with green hydrogen to provide the same on-site electricity on demand but without carbon emissions. It also announced plans to manufacture its own electrolyzers for green hydrogen production. Most recently, the company and its Korean partner, SK Engineering & Construction, deployed 100 kilowatts of hydrogen-powered solid-oxide fuel cells.

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The company’s most recent financial report, released in August, revealed a wider net loss, despite being narrower than analysts anticipated. EPS fell to 20 cents from 14 cents in Q1 but remained better than the predicted 30-cent loss. The Impact Investor is a blog focused on helping retail investors find ESG, socially responsible, and impact investment opportunities through our expert insights, tips, and blog posts.

FuelCell’s technology could be an alternative to traditional combustion-based power generation and utilizes other sources of energy, such as solar and wind turbines. Fusion Fuel Green Public Limited Company is a green hydrogen production and technology business with a focus on finding solutions to address the global climate crisis. Through their innovative approach, they have created an integrated solar-to-hydrogen generator that is powered by their own miniaturized PEM electrolyzer, which generates green hydrogen using solar energy.

3 Best Green Hydrogen Stocks to Buy in August 2023 – InvestorPlace

3 Best Green Hydrogen Stocks to Buy in August 2023.

Posted: Thu, 24 Aug 2023 07:00:00 GMT [source]

Considering the industry growth potential, quality hydrogen stocks are poised for multibagger returns. The financials of green hydrogen don’t make sense today, just like solar energy didn’t make financial sense a decade ago. But with the right subsidies, the industry could be pushed over the edge to viability. That’s what happened with solar energy, which is now the cheapest source of new electricity in most of the U.S., and it could happen with hydrogen too.

Hydrogen is one of the most promising alternative fuels

Indeed, it is the world’s largest supplier of clean hydrogen and the largest buyer of liquid hydrogen, with more hydrogen refueling stations than any other corporation. Many investors are optimistic about renewable energy and infrastructure equities now that the Biden administration is in power. In light of this, here are some of the top green hydrogen stocks to invest in right now.

best hydrogen stocks

Plug Power stock opened the day at $7.85 after a previous close of $7.99. Plug Power is listed on the NASDAQ, has a trailing 12-month revenue of around USD879.8 million and employs 3,353 staff. We round up a selection of stocks in or related to the alternative energy industry, weighting the list more heavily towards popular mid- and large-cap US stocks.


In early June 2023, the company announced that it received an order from First Mode to supply 60 hydrogen fuel cell modules, totalling 6 megawatts, to be delivered in 2024. The new order follows the year-to-date order of supplying a total of 35 modules to First Mode to power its hybrid hydrogen haul trucks. BE stock has been trading in a range since the company went public. After trading to an all-time high of $45 in February 2021, the stock saw a gradual decline in the form of a correction but remained within the range established in 2020. After a strong start to the year, the stock value has been in decline since March – only started gaining momentum in early June.

Founded in 1979 to research and develop lithium batteries, the Canada-based Ballard did not get its start by producing green hydrogen. However, noting green hydrogen’s role in global decarbonization, Ballard has leveraged its research and development to break into the green hydrogen market. Plug Power has partnered with Brookfield Renewable to build a green hydrogen plant in Pennsylvania. Wanting to become the leader in green hydrogen production, it also announced plans to build another green hydrogen production facility in California.

This dynamic alone bolsters the case for the https://1investing.in/ to buy now. Air Products (APD) is a global leader in the supply of industrial gases. It is a global leader in technology and liquefied natural gas (LNG) processing equipment.

Hydrogen—one of the most potent alternative fuel sources

The US Department of Energy’s Earth shot Initiative intends to bring the cost of clean hydrogen down to less than $1 per kilogram in a decade. Additionally, the Infrastructure Bill contained financing totaling $9.5 billion to accelerate the development of clean hydrogen technology. Hydrogen is viewed as a backup energy source that may be used to supplement wind farms when the wind does not blow. Cheap electricity, such as that produced in Quebec, can provide Canada with an edge that few other countries have by establishing it as a hydrogen production hub. ‘Hydrogen Fuel Cells,’ which are a very attractive alternative to typical electric vehicles, are coming back as a green and clean fuel source and are being used to power them.

Much like Direxion, it includes the up-and-coming names of the hydrogen industry, including Fuel Cell Energy, Plug Power, Ballard Power, and dozens more. The US has made a steadfast commitment to achieving net-zero emissions no later than 2050 – and hydrogen is a key component of its agenda. In a notable move, the Biden-Harris administration made a historic $7 billion funding opportunity for America’s clean hydrogen industry. The company has also signed an agreement with Blue EnerFreeze, a subsidiary of STEF, the European market leader in the transport and logistics of food products. This agreement involves the implementation of a complete green hydrogen ecosystem at two distribution centers, with the possibility of expansion to more than 100 additional sites. PLUG stock is down 17% over the past year and sits nearly 60% below its 52-week high.

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Additionally, it is a major provider of merchant hydrogen and a pioneer in hydrogen fuel infrastructure. Brookfield plans to provide renewable energy to Plug Power’s green hydrogen production efforts at the plant. The oldest of the European-based green hydrogen stocks in this list, Nel was founded in 1927 and has spent a considerable amount of time in research and development.

  • Bloom Energy saw a 24% year-over-year rise in revenue in the second quarter and hit $301 million.
  • FuelCell Energy stock opened the day at $1.36 after a previous close of $1.39.
  • Its waste products are limited to water vapor – which makes it a cleaner energy source than fossil fuels, including natural gas, oil, or coal.
  • To be fair, SHEL is hardly what you call a pure-play investment in the best hydrogen stocks to buy now.
  • Therefore, if the execution is right, PLUG stock will be a multibagger from current levels.

After trading to a high of $75 in January 2021, PLUG stock declined gradually, losing over 50% of its value in 2022 alone. This was caused by various factors, including the stricter regulations on energy companies and the class action lawsuit that was filed by shareholders in 2021. The stock has had somewhat of a rocky start to 2023, with the price dropping from a height of $17 in early February to $9 in June. As it stands now, the analyst consensus is a strong buy with an average price target of $18.63. We’ll explore the best hydrogen stock picks to invest in right now. From leading hydrogen technology companies to renewable energy companies, these picks represent exciting opportunities for investors interested in the future of the hydrogen industry.

hydrogen fuel cell stocks to watch

It is soaring closer to the 52-week high of $393 and could easily hit $400 very soon. Considering the positive sentiment around the stock, there is a high potential for it to reach new highs in the near term. It is one of the high-potential hydrogen stocks to add to your portfolio. Analysts seem to like Bloom Energy, for these reasons among others. In fact, Jefferies’ Sam Burwell just initiated coverage with a buy rating and a $29 price target. Bank of America analyst Julien Dumoulin-Smith also has a buy rating, with a price target of $34.

Ballard will supply a fuel cell module to Fusion Fuel who will use the fuel cell in its green hydrogen production plant, providing electricity during peak times. Europe has outpaced the United States in creating green energy initiatives, leading some investors to favor European green hydrogen stocks companies. Why are hydrogen fuel cell stocks becoming incredibly popular among investors? The global green hydrogen market is projected to climb up to $223 million in value this year. The market is expected to grow at a CAGR of 11.1% to $419.3 million by 2028. Given these promising statistics, now is an opportune time to invest in hydrogen stocks and exchange-traded funds (ETFs).

You can skip our analysis of the hydrogen fuel cell industry and click to read 5 Best Hydrogen Fuel Cell Stocks to Buy Now. It created the first commercially viable market for hydrogen fuel cell technology. It has deployed an industry-leading 60,000 fuel cell systems for the e-mobility market (using electric powertrain technologies to power vehicles and fleets). It’s one of the world’s mytrading technique largest hydrogen buyers and operates a leading hydrogen refueling network in North America with over 180 fueling stations. Air Products aspires to be a leader in providing solutions to the world’s energy and environmental challenges through gasification, carbon capture, and clean hydrogen. It has several major hydrogen projects underway that it expects to complete in the coming years.

The world direly needs clean energy sources to avert climate disasters and maintain a sustainable growth of the economy. Governments worldwide are ditching non-renewable energy for clean energy sources for economic growth and environment-friendly business expansion. Hydrogen fuel cell is one of the top clean energy sources in the world. They just need hydrogen (derived from water) for a continuous supply of electricity.

Finally, gross margins of 28.2% increased by 15.5 percentage points YOY from 12.7%. Several companies are working hard to tap into the enormous promise of this potentially emission-free fuel. But I would look at the larger picture, considering the developments in the hydrogen economy. PLUG has guided revenue of $5 billion in 2026 with a gross margin of 30%. Revenue is expected to top $20 billion by 2030 with a gross margin of 35% and an operating income in excess of 20%.