Best Hydrogen Stocks to Watch in 2023

Linde has successfully tested the application of hydrogen fuel to power steel plants to be able to reduce CO2 emissions. The company plans to license the system’s technology to generate renewable hydrogen for renewable power xm group and hydrogen for fuel cells. If the company can deliver, this may show that hydrogen fuel cell vehicles can compete with conventional electric vehicles. The number of companies exploring the hydrogen sector is growing.

  • Jessica is a published author and copywriter specializing in personal and investment finance.
  • ISI Evercore analyst James West, who has a buy rating on the stock with a $40 price target doesn’t seem worried.
  • Alternatively, it needs to be involved in developing fuel cells or hydrogen sources.
  • This would give you a revenue of +324.32% on your initial investment of $100.
  • Unlike batteries, hydrogen fuel cells do not need to be recharged, provided that fuel is continuously supplied.
  • Bank of America analyst Julien Dumoulin-Smith also has a buy rating, with a price target of $34.

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 largest hydrogen buyers and operates a leading hydrogen refueling review a complete guide to the futures market 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.

Companies are just starting to invest in what the hydrogen economy will look like 10 years from now.

To a lesser extent, similar applications on processed coal are found in heavy industry. BP is a global oil and gas producer with grand lower-carbon energy ambitions. This hydrogen ETF offers broad exposure to hydrogen stocks for a reasonable expense ratio of 0.45%. This hydrogen ETF provides similarly broad exposure to the top hydrogen stocks as the Global X Hydrogen ETF but for a lower expense ratio of 0.3%. Picking the right hydrogen stock to play this growth opportunity might not be easy.

  • As the cost of solar and wind comes down, the cost of hydrogen production is sure to follow suit and make the fuel cell infrastructure reliant on hydrogen more competitive in price.
  • That bigger companies might acquire smaller companies is not a far-fetched idea.
  • The company recently extended its partnership agreement with Schmid Group, a Berlin-based company focused on developing process solutions and specialized equipment.
  • Most „gray hydrogen“ is made using natural gas or coal without carbon-capture technology.
  • Imagine flying in a plane, riding a bus or getting electricity from a local utility that emits only water vapor and warm air.

Even if this industry is poised for growth, it doesn’t mean that every hydrogen company is going to be a winner, so do due diligence before picking up any shares. Hydrogen will likely be a critical component in reaching net-zero emissions by the year 2050, so the right hydrogen stock could be a good investment opportunity. SunHydrogen’s low-cost method of generating renewable hydrogen shows promising signs for potential investors.

Hydrogen Stock FAQs

As Russia’s invasion of Ukraine continues to compromise fossil fuel supplies, and climate issues such as CO2 emissions persist as a global concern, the push for renewable energy sources is accelerating. Therefore, it’s essential to watch hydrogen stocks and understand why they fluctuate up or down. DuPont provides technology-based materials, beaxy exchange review solutions, and ingredients to various markets. These include electronics, transportation, health and wellness, construction, worker safety, and food. In particular, higher-than-expected fuel cell acceptances pushed revenue in the second quarter to $243.2 million. This was up 6.5% year-over-year but slightly missed the consensus sales target.

Hydrogen Stocks to Buy for a Green and Clean Future

While not particularly encouraging, options traders seem willing to speculate on the enterprise. Specifically, Bloom’s implied volatility (IV) curve shows both risk mitigation and targeted upside wagers. The company faced losses in 2018 and 2019, but it managed to make a significant recovery in 2020 despite the crippling effect of the pandemic. The stock price might end close to breakeven in 2021 or a little lower than the 2020 close. The yearly chart shows a step-up ladder formation with many upside potentials.

Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. Asktraders has a wealth of quantitative and qualitative tools, as well as in-depth market coverage to keep investors up to date with the hydrogen market and a wide range of related sectors. Performing due diligence is indeed an essential step to take before making any investment.

It’s also developing HyGreen Tesside, a large-scale green hydrogen production facility. The projects could deliver 15% of the U.K.’s 2030 target for low-carbon hydrogen production. Although clean hydrogen holds great promise as a potential emissions-free fuel source, it’s costly to produce. It costs about $1.50 per kilogram to produce hydrogen from natural gas and $5 per kilogram to produce clean hydrogen. The U.S. Department of Energy wants to get the cost of clean hydrogen down to $1.00 per kilogram over the next decade to make it a more competitive fuel source. Some advocates contend that hydrogen might eventually replace natural gas in the pipeline system with some modifications.

Air Products and Chemicals, Inc. is a leading American multinational company dedicated to providing industrial gasses and chemicals for a wide range of purposes. In addition, Air Products also provides process and speciality gasses as well as performance materials and chemical intermediates to customers across the world. In this article, we discuss 5 best hydrogen and fuel cell stocks to buy in 2022. If you want to read about some more hydrogen and fuel cell stocks, go directly to 10 Best Hydrogen and Fuel Cell Stocks to Buy in 2022.

Imagine flying in a plane, riding a bus or getting electricity from a local utility that emits only water vapor and warm air. It’s possible with power from hydrogen fuel cells, a technology the world has had since the 1800s. The emissions are clean, but producing the hydrogen itself isn’t necessarily environmentally sustainable. Most „gray hydrogen“ is made using natural gas or coal without carbon-capture technology. But there are companies involved with „green hydrogen,“ which is made with renewable energy that is used to separate water into hydrogen and oxygen using a tool called an electrolyzer. The analysts compiled a list of green hydrogen stocks with the requisite electrolyzer technology.

Combining no-commission trading with top-notch usability, eToro is among the best platforms for trading low-cost securities. Its research tools are not quite far-reaching and may be underwhelming for advanced traders, yet the platform covers all of the fundamentals and provides a unique focus on social trading. Furthermore, different platforms may be suitable for small trades or large trades.

Next Hydrogen Solutions (NXHSF)

Plus, many brokers allow you to buy shares or fractional shares through your mobile phone. LIN is a notable hydrogen stock as its strong uptrend in the past decade signals strong fundamental data and resilience. With strategic partnerships with companies like Cummins and Hyosung, LIN has established itself as a hydrogen stock to keep an eye on.

Estimates from the United Nations show that the global population surpassed 8 billion in 2022, and out of this, 4.8 billion live in Asia. This makes Asia one of the most lucrative markets in the world, a fact that is evident in the economic interest shown by both Western businesses and the media in Asia. Asia also has three of the largest economies in the world, namely India, China, and Japan. It really depends on your investment goals — hence why we divided our top-rated companies into three groups to make your choice easier.

BE designs, manufactures, sells, and installs a wide array of fuel cells that are set to power the next generation of hydrogen-fed drive trains. Green is the supposed cleanest method and applies a current from renewable power generation to the electrolysis of water in order to split the hydrogen and oxygen molecules. Green hydrogen is widely seen as the most preferred from a policymaker’s perspective, and as a result, is attracting the bulk of the new investment. According to Statista, Green Hydrogen International, Fortescue Future Industries, H2 Clean Energy, CWP Global, BP, and InterContinental Energy had the highest green hydrogen production capacity as of early 2023. Investing in a hydrogen ETF can be a great way to gain broad exposure to the top stocks in this potentially massive industry. It provides investors with broad exposure to hydrogen stocks for a reasonable ETF expense ratio of 0.5%.

Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. Plug Power delivers a significant value proposition to end customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. 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.

Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, the company serves customers in more than 70 countries with leading global transportation brands. The hydrogen economy has been a dream of many energy entrepreneurs for decades, but the reality of the energy business has made it nearly impossible to make a reality. That’s changing in 2022 because of a rapid reduction in hydrogen fuel cell costs and new subsidies for green hydrogen production from the recently passed Inflation Reduction Act. 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).