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

hydrogen fuel cell

Investing in Energy Stocks The economy needs energy across sectors to run smoothly, making these companies potential buys. Headquartered in Canada, it may not represent a European green hydrogen company, but its vision and innovation closely resemble those listed in this European section. Green hydrogen, on the other hand, uses an electrical current to separate water into hydrogen and oxygen, emitting just water. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.

3 Green Hydrogen Stocks Ready to Blast Upward – TipRanks

3 Green Hydrogen Stocks Ready to Blast Upward.

Posted: Mon, 13 Feb 2023 08:00:00 GMT [source]

We also know that analysts atBank of Americasay green hydrogen could be worth more than $11 trillion by 2050. Because technological innovations, policy support, and market demand are creating favorable conditions for hydrogen to flourish. New methods of producing hydrogen from renewable sources are becoming more efficient and affordable. Governments are setting ambitious targets and providing incentives for hydrogen deployment.

A new docuseries by The Climate Pledge spotlights corporate climate solutions

SunHydrogen is among the few hydrogen stocks that still trade under $5. But thanks to its unmatched energy density, hydrogen outplays battery electricity when it comes to range, recharging times, and emissions. So, in heavy-usage and long-range situations, hydrogen is best-in-class. Therefore, those fuel cells will likely be the dominant clean energy source for industry, stationary and cross-country hauling. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable…

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3 Thrilling Renewable Energy Stocks for Aggressive Investors to Buy.

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With its incomparable energy density, hydrogen holds a substantial edge over battery electricity with respect to range, recharging, and emissions. Hence, emerging hydrogen stocks could prove to be incredibly lucrative investments in the future. The contributing analysts to Goldman Sachs’s report proclaimed the growing total addressable market as a “once-in-a-generation opportunity” for long-term-oriented investors. NKLA ranks 8th in our list of the best hydrogen fuel cell stocks to buy now. Nikola is one of the world’s most famous electric car technology companies. The company is known for its hydrogen-powered truck, Nikola One, and several other hydrogen fuel cell projects.

Hydrogen could replace fossil fuels — it is potentially renewable, abundant and produces no emissions. A hydrogen fuel cell combines hydrogen with oxygen to create electricity, with only heat and water as its byproducts. Connecticut-based FuelCell Energy designs and manufactures fuel cell power plants. The SureSource Hydrogen is also compliant with the State of California Low Carbon Fuel Standard and is considered carbon-negative by the California Air Resources Board . Governments worldwide have also started using hydrogen fuel cells to supply cost-effective electricity to remote areas, replacing diesel engines. Hydrogen fuel cell technology is also being used in hospitals and medical facilities where uninterrupted supply of electricity is needed.

Potentially, this will do away with the conventional processes of generating hydrogen, which result in CO2 emissions. A defining feature among hydrogen stocks is that their issuing companies are very ambitious regarding their long-term goals. When you’re talking about imparting a paradigm shift in how we utilize energy, you’ve got to have some moxie.

The Final Word on Hydrogen Stocks

However, that could change in a hurry so keep close tabs on AFC Energy. Many decades from now, it’s entirely possible that if its intended purpose reaches commercial success, that historians will regard Ballard Power Systems as one of the godfathers of hydrogen stocks. You see, Ballard is on a mission to convince the world that hydrogen energy infrastructures at scale can deliver the clean emissions and efficiencies that our modern societies require. Before we dive in, you should be aware that hydrogen stocks are risky mainly because economic viability at scale is a theoretical exercise. So far, government institutions and major corporations have collectively not been willing to make the necessary investment to implement hydrogen infrastructures.

There isn’t an overabundance of viable green hydrogen power stocks right now, which makes a company like Ballard really stick out. Closing at $5.49 per share on Jan. 19, Ballard has really flipped the switch from 2022 to 2023, gaining 14.6% year to date after falling by 61.9% in 2022. In particular, the company’s zero-emission proton exchange membrane fuel cell is drawing attention in the industry and on Wall Street. The company has also partnered with other green energy firms to bring green hydrogen into the mainstream. The world direly needs clean energy sources to avert climate disasters and maintain a sustainable growth of the economy.

DevvStream invest in green projects that generate renewable energy, eliminate or reduce emissions, or sequester carbon… A recently announced Arizona hydrogen project could start producing about 10 metric tons per day by 2023 and increase the company’s clout in the California market. However, the project pales in comparison to another upcoming carbon-free hydrogen project in Saudi Arabia that could produce 650 tons of gas per day to supply the global market.


In short, it is extracted from natural gas and burned as fuel with oxygen to generate energy, which can then be used for various purposes like powering your vehicle and electronics. These are three top hydrogen stocks investors should consider right now. However, there are still issues to work out, such as green hydrogen production being more expensive than other options, so invest cautiously and do your research. Jefferies’ Sam Burwelljust 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.

Plug Power (NASDAQ:PLUG)

Featuring a simple and elegant design that delivers clean on-site power, Bloom’s services will particularly come in handy during rolling blackouts and other energy grid disruptions. Second, hydrogen-powered vehicles can refuel much quicker than their electric counterparts. According to, a hydrogen-based commercial truck can refuel in less than 15 minutes.

Green hydrogen stocks Power, born in the height of the tech bubble twenty years ago, is a supplier of fuel cell “stacks,” which are layers of energy-producing units that are combined to generate power. The stacks are sold to original equipment manufacturers and systems integrators for applications such as transportation and material handling. A quick peek at Ballard’s financials reveals just how challenging selling fuel cell energy stacks to vehicle manufacturers can be. The company generates just over $100 million in annual revenues and has never earned more than $40 million in annual gross profit.

The company’s current $30 billion 10-year capital investment plan includes mega hydrogen production plants that will extend its global market lead while earning APD stock investors good profits by 2027. While clean energy development has picked up steam recently, the push for environmentally friendly power sources has a long history. Particularly, scientists have targeted hydrogen-based utilities and applications because the underlying asset is the most abundant element in the universe. However, economic and practicality challenges imposed a cloud over hydrogen stocks. The average price targets were calculated by taking the mean of analysts’ 12-month price targets for each stock.

Powertap Hydrogen Capital Corp. (NASDAQ: MOTNF)

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. According to a report, the hydrogen fuel cells market size is expected to reach $13.7 billion by 2026, up from $2.5 billion in 2020, growing at a CAGR of 33% in the period. Some of the limiting factors the green hydrogen industry is faced with include hefty infrastructure costs for green hydrogen production and an underdeveloped market. 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.

  • In July 2020, Microsoft said it used hydrogen fuel cells to power data center servers over the course of 48 hours.
  • GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions…
  • It can also be produced in other ways, but these methods create carbon dioxide, so hydrogen produced this way is no more environmentally friendly than more traditional energy sources.
  • Like hydrogen fuel itself, these companies have potential, but it could be a bumpy ride in the near term.

Imagine flying in a plane, riding a bus or getting 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.

Additionally, the company’s fuel cells just increased the electric efficiency of a luxury cruise ship by Chantiers de l’Atlantique . The two parties announced they signed a memorandum of understanding to collaborate on developing future multi-MW installations on board marine vessels. The most recent analyst recommendations averaged a 1.9 on a scale of 1 to 5 . Of the 26 analysts who most recently made recommendations, four rated the stock a strong buy, 19 rated it a buy and three recommended holding it. Linde shares closed at $340.27 on March 10, 2023, but the average analyst 12-month price target is $378.45. Traditional energy companies are jumping on the hydrogen bandwagon with varying degrees of success.

  • Potentially, this will do away with the conventional processes of generating hydrogen, which result in CO2 emissions.
  • It also announced plans to manufacture its own electrolyzers for green hydrogen production.
  • Finally, gross margins of 28.2% increased by 15.5 percentage points YOY from 12.7%.
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More than 300 businesses across 51 industries and 29 countries have now joined The Climate Pledge and committed to meet the Paris Agreement 10 years early. New investors, as it adds a layer of accessibility that most apps of its kind can’t compete with. Hydrogen Engine Center, Inc. is a publicly-traded company that focuses on hydrogen research and development. First Hydrogen’s Electric Hybrid Technology offers a significant improvement over traditional diesel-powered engines currently used in mines around the world. Today, these are the 8 top stocks you will find on TipRanks’ Green Hydrogen Stocks Comparison page.

Best Green Hydrogen Stocks and ETFs to Buy Now

As the transition to renewable energy unfolds, green energy penny stocks have the potential to see massive gains. Last year, Bloom collaborated with LSB Industries to install a 10 megawatt solid oxide electrolyzer at LSB’s Pryor, Oklahoma facility. The project is expected to generate green hydrogen that will help in synthesis of nearly 13,000 metric tons of zero-carbon ammonia per year. Overall, New Fortress Energy scores a Strong Buy consensus rating from top analysts, based on four Buys and one Hold.

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. Global X Hydrogen is a worthy addition to this list, even though it lost a ton of money in 2022. The two-year-old ETF is starting out on the right clean energy footprint in 2023, rising from about $11 per share in the last week of December to $12.53 per share on Jan. 19, a 15% gain. The fund holds industry stalwarts like Ballard, Bloom Energy and Plug Power (the three companies compose about 30% of the fund), along with high-profile names such as Toyota Motor Corp. and Nikola Corp. . With green hydrogen being touted as the “fuel of the future,” rising prices could be a sign of things to come for the sector.

ballard power systems

Bloom said that it now sees hydrogen as a viable energy option as it strives to convert conventional energy plants to zero-carbon emissions plans for its clients. The company also said it will be deploying a 100% hydrogen-based system in South Korea. Its existing partnership with SK E&C has already sold 120 megawatts of fuel cells in South Korea, generating over $1 billion in revenue for the company. 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. Technology advancements have led to a drop in renewable energy costs, and have ushered in an era of green hydrogen production at a massive scale.