Hydrogen is an energy source that doesn't emit any greenhouse gases when it's burned. The only thing that comes out of it is water vapor, which makes it way cleaner than fossil fuels like natural gas, oil, and coal. The US is committed to reaching net-zero emissions by 2050, and hydrogen is a huge part of that.
The Biden-Harris administration set aside a whopping $7 billion to support America's clean hydrogen industry. This shows how popular this energy sector has become.
The global green hydrogen market is expected to be worth $223 million this year. And experts think it'll keep growing at a rate of 11.1% every year until it reaches $419.3 million in 2028.
If you're thinking of investing in hydrogen stocks or exchange-traded funds (ETFs), now's the perfect time to do it.
Top Hydrogen Stocks to Watch
Company | Ticker | Price | Target Price |
|---|---|---|---|
NYSE:APD | $219.84 | $266.58 | |
NYSE:BP | $36.36 | $44.7 | |
NYSE:BE | $11.53 | $19.55 | |
NYSE:LIN | $419.42 | $452.78 | |
NYSE:CVX | $151.04 | $177.57 |
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Hydrogen Fuel Cell Companies and Stocks: Profiles and Forecasts
Discover the power players and top-performing stocks to keep an eye on to create a balanced investment portfolio. Read on to learn the important information about these companies and stocks. We think they are the best hydrogen stocks in 2024.
Air Products and Chemicals (NYSE:APD)
BP (NYSE:BP)
Bloom Energy (NYSE:BE)
Linde (NYSE:LIN)
Chevron Corporation (NYSE:CVX)
Air Products (NYSE: APD), Plug Power (NASDAQ: PLUG), Bloom Energy Corporation (NYSE: BE), and Linde PLC (NASDAQ: LIN) are generally considered strong players in the hydrogen fuel cell market. Let's discover why and see what analysts think about these hydrogen stock companies.
Air Products and Chemicals
Ticker: NYSE:APD
Price: $219.84
Avg Target Price: $266.58
Avg Recommendation: Overweight
Air Products (APD) is a well-known company that was founded in 1940 and is based in Allentown, Pennsylvania. It is a major player in the industrial gas industry, operating in 50 countries and employing around 19,000 people.
Air Products is the largest supplier of hydrogen and helium worldwide. The company serves various industries, such as chemicals, energy, healthcare, electronics, and metals.
The company sells many different types of gases. These include oxygen, nitrogen, and argon. They also sell hydrogen, carbon dioxide, and specialty gases.
Air Products makes equipment for separating air, recovering hydrocarbons, liquefying natural gas, and transporting and storing liquid helium and hydrogen.
Air Products consistently performs well financially. It has a strong market value and a history of positive earnings. The company is also committed to sustainability and innovation. It actively protects the environment and advances technology.
Should You Buy NYSE:APD Stocks in 2024?
Investing in NYSE:APD stocks seems like a smart choice for those interested in hydrogen energy. The stock's average target price is $266.58, which is much higher than its current price of $219.84. This suggests that analysts believe the stock has a lot of room for growth.
The overweight recommendation also shows confidence in the company's future. Investors are confident because of the company's strong fundamentals. They also trust the company because it leads in the hydrogen market and because the world is shifting towards sustainable energy.
How to Buy APD Online
BP
Ticker: NYSE:BP
Price: $36.36
Avg Target Price: $44.7
Avg Recommendation: Overweight
BP is a British multinational oil and gas company headquartered in London, England. It is one of the industry's "supermajors" and operates globally in all aspects of the oil and gas industry.
BP has a long history dating back to the establishment of the Anglo-Persian Oil Company in 1909. With around 70,000 employees as of 2023, BP is a major player in the industry, producing millions of barrels per day.
The company is also actively involved in renewable energy initiatives, such as wind power and hydrogen, as part of its commitment to sustainable energy sources.
Their stock is currently trading at $36.36. Analysts recommend an 'Overweight' position, with an average target price of $44.7. This suggests a favorable outlook for BP in the context of hydrogen investments.
Should You Buy NYSE:BP Stocks in 2024?
Investing in BP's stocks could be a strategic move for those looking to capitalize on the growing hydrogen market.
The company is moving towards sustainable energy solutions, like hydrogen. This puts them in a good position in an industry that is expected to grow. The current price is below the average target, so there is potential for big returns.
Analysts recommend the company because they have confidence in its future performance. This is because the company is innovating and adapting to the hydrogen sector. But, like any investment, it's important to think about market trends and your own financial goals before deciding.
How to Buy BP Online
Bloom Energy
Ticker: NYSE:BE
Price: $11.53
Avg Target Price: $19.55
Avg Recommendation: Overweight
Bloom Energy makes Bloom Energy Servers. These servers create power on-site. They use fuels like natural gas, biogas, and hydrogen.
The technology behind their products originated from an electrochemical cell developed for NASA. Established in 2001, Bloom Energy went public in 2018 and primarily supplies large buildings, factories, and data centers.
Bloom Energy is a major player in the green energy industry. However, it has faced financial challenges and has been unprofitable recently. They are dedicated to using sustainable energy. They focus on generating flexible fuel and entering the electrolyzer market. As a result, they remain influential in the field.
Should You Buy NYSE:BE Stocks in 2024?
The company focuses on eco-friendly energy solutions. Its innovative fuel cell technology sets it up for potential growth.
The current price is lower than the average target price. This indicates a chance for investment gain. Analysts' confidence in Bloom Energy is highlighted by the 'Overweight' rating. This rating shows the company's potential in the sector of hydrogen power stocks.
How to Buy BE Online
Linde
Ticker: NYSE:LIN
Price: $419.42
Avg Target Price: $452.78
Avg Recommendation: Overweight
Linde is known globally as the largest supplier of industrial gases, with operations in more than 100 countries. They offer a wide range of products. This includes hydrogen, oxygen, nitrogen, argon, and other gases. They also offer equipment for producing industrial gases.
Linde caters to a diverse set of industries, including chemicals, manufacturing, healthcare, and steelmaking.
The current stock price is $419.42. Analysts have a positive outlook and recommend buying the stock. The average target price is $452.78.
Should You Buy LIN Stocks in 2024?
Linde's role in the hydrogen market is expanding. Buying LIN stocks in 2024 could be a smart investment.
The stock's current price and the average target price, suggests optimism about its future performance.
How to Buy LIN Online
Chevron Corporation
Ticker: NYSE:CVX
Price: $151.04
Avg Target Price: $177.57
Avg Recommendation: Overweight
Chevron is a big energy company involved in finding, making, refining, and selling oil and gas. In 2022, Chevron made a lot of money, with $35.5 billion in profit, which is 129% more than in 2021.
Chevron's profits have gone up because energy prices are higher. The company said they will spend $16 billion in 2024 on oil, gas, and hydrogen-related projects.
The company is involved in several key initiatives. These include the Gorgon LNG facility in Australia, the Tengiz oil field expansion in Kazakhstan, and some early work on capturing and storing carbon in Singapore.
Should You Buy NYSE:CVX Stocks in 2024?
Investing in Chevron Corporation could be a smart choice, especially for those interested in the future of hydrogen energy. The company is increasing its focus on hydrogen and already has a strong presence in the energy industry. This makes it a special opportunity for investors.
With a stock price of $151.04 and an average target price of $177.57, Chevron is viewed favorably by analysts. This is also indicated by the 'Overweight' recommendation. This shows confidence in Chevron's potential within the hydrogen market.
How to Buy CVX Online
Why Invest in Hydrogen Fuel Cell Stocks
Hydrogen is a clean energy source. It produces no greenhouse gases when burned and only releases water vapor as waste. This makes it cleaner than fossil fuels like natural gas, oil, and coal. The demand for renewable energy continues to rise.
Hydrogen is considered a key element in achieving emission reduction goals and reaching net zero by 2050. Companies of all sizes work on and invest in hydrogen technologies. They develop fuel cells and hydrogen-powered cars. They also produce hydrogen itself.
Investing in hydrogen stocks is attractive due to the industry's potential for long-term growth.
Recent reports indicate that hydrogen is gaining popularity as an alternative energy source. These stocks could produce similar profits as oil and gas companies did in their early years, many decades ago.
I believe these are the main reasons to include the top hydrogen stocks in your investment portfolio.
Fits with Green Energy Trends. Hydrogen fuel cells are being recognized as a green alternative to traditional energy sources. These cells make electricity by combining hydrogen and oxygen. The only things they produce are water and heat. This aligns well with global efforts to fight climate change and cut carbon emissions.
Versatile Applications: Hydrogen fuel cells aren't just for the energy industry. Hydrogen fuel cells can be used in different sectors. These sectors include data centers, transportation (like aviation and trucking), and medical facilities that need constant power. Microsoft and other big tech companies are trying out hydrogen fuel cells to power their data center servers.
Growing Market Demand. In the future, demand for hydrogen fuel cells will increase, especially in industries that are hard to decarbonize, such as steel production and refining.. Some tech companies are also exploring hydrogen fuel cells for mobile devices. This could lead to longer battery life than traditional charging methods.
Government Support. Governments worldwide are realizing the potential of hydrogen fuel cells. They want to use them for cheap electricity in remote places and to replace diesel engines.
Advantages and Risks Hydrogen Power Stocks
Investing in hydrogen stocks can be profitable. However, it is important to understand the potential risks and rewards.
- Potential for Long-term Growth. Hydrogen technology is still relatively new and has great potential for long-term growth. Many countries are reducing emissions through clean energy policies. This may lead to a larger market for hydrogen products and services.
- Lower Emissions. Investing in hydrogen stock companies you help reducing greenhouse gas emissions.
- Potential Cost Savings. Companies that use hydrogen technologies can often save money on their energy costs compared to traditional sources of energy. This could result in higher profits and stock prices in the long term.
- Diversification. Investing in hydrogen stocks can be a good way to diversify your portfolio. The market is still relatively small and not as widely covered by news sources as other markets. It could offer investors an opportunity to gain exposure to a new sector with potential growth.
- Volatility. Hydrogen stocks can be volatile and unpredictable. The technology is still relatively new and not widely understood. This can result in price swings that make it difficult to predict when the stock may rise or fall.
- Regulations. Various governments heavily regulate hydrogen technologies. This can significantly impact companies' profits and stock prices. As regulations change, so too can the profitability of these companies.
- Lack of Liquidity. Hydrogen stocks are not as widely traded as other markets. As a result, they often lack liquidity. This could lead to slippages while trading. It could also make it harder to trade the shares quickly or at a preferred price point.
How to Buy Hydrogen Fuel Cell Stocks
Investors usually invest in hydrogen stocks through stock brokerage accounts. You can get these accounts from banks, online brokers, or discount brokerages.
With these accounts, you can buy and sell stocks and other securities. Some platforms are better for small trades, while others are more suitable for larger trades. Some platforms charge less for small orders, while others have lower overnight fees for big stock trades.
Step 1: Choose a Trading Platform
Step 2: Open and Fund Your Account
Step 3: Research Hydrogen Stocks
Step 4: Consider the Risks and Diversify
Step 5: Make Your Investment
Step 6: Monitor Your Investment
Best Brokers to Buy Hydrogen Stocks
There are various online platforms that simplify the process of buying hydrogen stocks. Our top recommendation is eToro, one of the market's largest operators.
eToro offers helpful tools that are ideal for beginners to explore the market and learn how to trade. With its no-commission policy on trading and demo account, eToro provides an excellent starting point.
If you plan to learn more and spend more time researching hydrogen stocks and other investment options, you may want to consider other alternatives. In this case we recommend looking into TD Ameritrade and Merrill Edge.
eToro is a great platform for trading low-cost securities. It has no-commission trading and a user-friendly interface. The research tools are not super in-depth, but they cover all the basics and are especially good for social trading.
To start charting, use eToro's ProCharts. This tool allows you to study past performance and compare different assets. As a high-value user, you can also access top publications like the Financial Times and the Wall Street Journal. These resources will help you make better decisions.
Account minimum deposit | $10 |
|---|---|
Withdrawal fees | $5 |
Inactivity fee | $10 per month after 12 months' inactivity |
Investment types | Stocks & Shares, Cryptocurrency, Forex, Commodities |
TD Ameritrade is a comprehensive trading platform. It allows commission-free online trading of stocks and ETFs. Their mobile app is compatible with iOS, Android, and Windows devices and has won several industry awards.
This broker offers features such as real-time data access, mutual fund investment, and trading of stocks and options contracts. In addition, TD Ameritrade allows users to open an account with no minimum deposit. It also offers various account types, including taxable accounts, IRAs, and Roth IRAs.
If you are considering trading hydrogen stocks, TD Ameritrade is an excellent choice. Its advanced trading features can compensate for any potential issues with low liquidity.
Account minimum deposit | $0 |
|---|---|
Deposit fees | No |
Withdrawal fees | No |
Investment types | Stock, ETF, Forex, Fund, Bond, Options, Futures, Crypto |
Merrill Edge offers a user-friendly trading platform for trading hydrogen stocks. It has no account minimums and no commissions on any stock or ETF trades.
The website is interactive and packed with features to help you sort through stocks, mutual funds, ETFs, and bonds. The "quick trade" feature allows for stock and ETF trades from almost any page on the site.
For more active trade opportunities, Merrill Edge MarketPro provides interactive charts, alerts, Level II quotes, a customizable dashboard, and streaming data and news. This broker stands out by combining low fees with a versatile trading platform.
Account minimum deposit | $0 |
|---|---|
Deposit fees | No |
Withdrawal fees | No |
Investment types | Stock, ETF, Fund, Bond, Options |
Trading hydrogen stocks has risks and rewards. It's important to make sure your money is being handled securely. Security protocols, regulatory compliance, deposit insurance, customer service, and fees vary between different platforms. Always compare different options before committing your money.
Look out for platforms that:
Are regulated by regulatory bodies like the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).
Use two-factor authentication and encryption to protect your data.
Have a proven track record of customer service and responsive tech support.
Offer deposit insurance to refund funds in case of an unexpected breach or theft.
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