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In fact, Jefferies’ Sam Burwell just initiated coverage with a buy rating and a $29 price target. Hydrogen could be one of the most thinkmarkets broker review explosive opportunities of the new year. We already know Goldman Sachs believes the space could be a $12 trillion market  by 2030.

• Investing in a hydrogen ETF can be a great way to gain broad exposure to the top stocks in this potentially massive industry.
• Cummins stock has been in an uptrend for several years and is now trading above $200 per share.
• There are various companies of all sizes that work on and invest in hydrogen technologies, stretching from fuel cells and cars that run on hydrogen, to companies that produce hydrogen.
• This move is in line with the US government’s commitment to cut emissions by 52 percent shortly.
• 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.

It also offers technologies to lower the carbon emissions of hydrogen through carbon capture and storage. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Learn about ETFs that provide investments in top lithium and battery technology for the electric vehicle industry.

Best Hydrogen ETFs for 2023

Cummins stock has been in an uptrend for several years and is now trading above $200 per share. The stock has also been rewarded for its push towards sustainability and clean technology, which is only expected to become more important going forward. Cummins Inc., an American multinational powerhouse, has established itself as a leader in the design, manufacture, and distribution of power engines, filtration systems, and power generation products. Ballard Power Systems Inc. was founded in 1979 by Geoffrey Ballard, Keith Prater, and Paul Howard, and specializes in the development and production of proton exchange membrane (PEM) fuel cell products. FCEL stock rose to an all-time high of $7800 per share in 2000 and has since declined to about $2.8 as of June 2023. It’s worth noting that it’s been on an upward trend since late April when it hit an all-time low of about $1.8.

Companies like Plug Power (PLUG -0.95%) and Ballard Power Systems (BLDP -1.09%) may get a lot of attention for their hydrogen efforts, but the best hydrogen stock to buy today is Bloom Energy (BE 0.17%). Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Your investment style can dictate which kind of fund is best for your portfolio. You can also find more stock picks in our guide on the best penny stocks on Webull.

• To alleviate this issue, countries worldwide are considering producing clean fuel by tapping into natural sources, such as solar, wind, hydrogen, geothermal, and more.
• In September, Ballard signed a contract with Stadler to supply fuel cell engines to power the first hydrogen train in the U.S.
• The energy revolution is building momentum as governments and companies across the globe look to phase out fossil fuels.
• The company posted a revenue of $3.2 billion for the quarter ended in March 2023, surpassing the Zacks Consensus Estimate by 6.02%.

A hydrogen fuel cell is a clean fuel, discharging only water during the combustion process. Industries can utilize hydrogen fuel to produce electricity for various applications, including buildings, electric vehicles, trucks, electronic devices, power systems for backup, and more. There are various companies of all sizes that work on and invest in hydrogen technologies, stretching from fuel cells and cars that run on hydrogen, to companies that produce hydrogen. The attraction to invest in hydrogen stocks largely boils down to the growth potential of the industry as a whole in the long haul. The early success of this stock could be due to the low competition in the clean energy industry back then, and the fact that the company was one of the first to develop fuel cell technologies. Unlike the hydrogen fuel cells, the decline in the stock’s price could be a great opportunity for investors to keep an eye on key market news and data regarding FCEL.

Outside the United States, the company is investing in Saudi Arabia to supply 650 tons per day of carbon-free hydrogen for the transportation sector. With several other projects in the pipeline, the company has robust long-term growth visibility. It operates in many countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden. Air Products is a world-leading industrial gases company in operation for over 80 years. Oil stocks are one of the riskier yet most profit-generating sectors. Goldman Sachs, for example, initiated a buy rating, with a price target of $296.

Next Hydrogen Solutions (NXHSF)

This process is highly efficient and can result in up to three times more energy than traditional gasoline engines. The bottom line for many companies is that the days of exclusive hydrocarbon hegemony may be ending. Therefore, investors ought to consider the best hydrogen stocks to buy now. From Russia’s invasion of Ukraine to dramatically escalating tensions between the U.S. and China over Taiwan, energy resources and supply chains have become one of the most critical talking points. For instance, Europe’s dependence on Russia energy inflows hampers its ability to pivot quickly to clean energy. This dynamic alone bolsters the case for the best hydrogen stocks to buy now.

The AREH is a large green hydrogen, solar, and wind infrastructure development in the North West of Australia that will develop around 1.6 million MT of hydrogen per year. BP might not be the first company that comes to mind when investing in green technology, though it could be one of the first to profit from this transformational sector. The current sales-to-market capitalisation ratio of four times is the expensive side of the S&P 500 (currently 2.28 average). With 24 months of growth at 25%, the ratio would be 2.6 at today’s price of $21.36 and would send the firm into the market-average sales to market cap with above-average growth prospects. Once derived from the water, the hydrogen can be routed into existing industrial processes or into the expanding fuel cell market. Fuel cells are a rebinding of the hydrogen and water molecules via a catalyst, generating an electrical current.

After hitting the low of $ 53.07, the stock started to rise and closed the year at $ 56.72 representing a 2 % appreciation during the year. After peaking at $ 11.93, the stock reversed its course and started to decline. The stock closed the year at $ 2.37 representing a 55.5 % decline during the year.

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And while it’s still a nascent industry, there are a number of promising stocks for those interested in getting in on the ground floor of this growing sector. While there are many interesting opportunities for hydrogen power out there, the necessary infrastructure to make them a reality has yet to be developed. In this Fool Live segment from “The High Energy Show,” recorded on Feb. 15, Motley Fool contributors Travis Hoium bdswiss forex broker review and Jason Hall discuss how this industry could surprise investors a decade into the future. BE could break into a billion-dollar annual revenue run-rate this year. Wall Street analysts project $1.13 billion in sales for 2022, or 16% sequential annual revenue growth, and forecast revenue of $1.5 billion in 2023. They expect strong revenue growth to pull BE’s normalized net income into the positive by the end of 2023.

Linde plc (NYSE:LIN)

Here’s another company that makes both hydrogen fuel cells and electrolyzers. “The remarkable potential of hydrogen fuel cell vehicles to reduce emissions from the transportation sector fuels the market growth rate,” the company says. “Large investments in green hydrogen occurring globally vintage fx at this time facilitate our entry in this growing market.” The company’s electrolyzer customers include NASA and Boeing Co. (BA). “What makes us enthusiastic is the truly vast extent of the opportunity in transitioning from gray to green hydrogen,” said the Raymond James analysts.

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Investing in European companies puts investors at the forefront of green hydrogen development. “Europe is the main hub of hydrogen technology innovation,” the Raymond James analysts said. It sells the technology to customers who want to produce their own green hydrogen. It also develops its own green hydrogen farms and sells the fuel through long-term purchase agreements. In October, the company announced an agreement with Exolum, a leading European fuel logistics and storage provider, to provide a green hydrogen refueling station in Spain that will serve trucks and buses. The companies that operate in the hydrogen and fuel cell sectors were selected for the list.

The International Energy Agency estimated the cost of “producing hydrogen from renewable electricity could fall 30% by 2030.” Declining cost is another catalyst for scaling up hydrogen production. As the transition to renewable energy unfolds, green energy penny stocks have the potential to see massive gains. While investors are already in the know about solar energy and wind power, many overlook the potential of hydrogen. Powerhouse Energy’s technology produces hydrogen from non-recyclable plastic Construction of its first commercial-scale plant started in 2021. In August 2021, as per the company’s announcement, an agreement was signed with Hydrogen Utopia for the use of its technology in Poland, Greece, and Hungary. Powerhouse Energy Group also has an agreement with Peel NRE to establish 11 waste-to-hydrogen plants across the UK over the next few years, with the option of exclusive rights for 70 facilities in total.

As the green energy movement gains support from both the public and private sectors, hydrogen stocks may experience massive growth in the years to come. It goes without saying that it’s a good time to consider exposure to some of the best hydrogen stocks. Considering the industry growth potential, quality hydrogen stocks are poised for multibagger returns. Linde is a leading global industrial gases and engineering company.

As more and more countries heed the call, the green energy movement could pick up steam. As a result, companies producing hydrogen fuel could greatly benefit from developments in this sector. To be included in this ETF, a company must generate 50% of its revenue from hydrogen and/or a fuel cell project or be involved in developing fuel cells or hydrogen sources, according to Defiance ETFs. Like other financial assets, trading hydrogen stocks comes with its risks and rewards, and it’s important to ensure that your money is being handled securely. Factors such as security protocols, regulatory compliance, deposit insurance, customer service, and fees vary between different platforms – so it’s important to compare different options before committing your money. TD Ameritrade is a comprehensive trading platform, offering commission-free online stock and ETF trades.

If you want to read about some more hydrogen and fuel cell stocks, go directly to 5 Best Hydrogen and Fuel Cell Stocks to Buy in 2022. 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.