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Green energy movement: Which stocks are poised for growth?

Green energy movement Which stocks are poised for growth
Elmaz Sabovic

Amid the ongoing global push for cleaner energy, hydrogen firms, and clean energy stocks are gaining prominence. Projections indicate an 11.10% Compound Annual Growth Rate (CAGR) for the hydrogen industry until 2028, with potential acceleration in subsequent years.

The considerable energy density of renewable resources underscores the importance of mastering efficient and sustainable harnessing methods. Renewable energy is gaining more advocates every day. Industry leaders are shifting their resources towards eco-conscious development, and investment in successful companies in this field might bring profits in the long term.

Bloom Energy (NYSE: BE)

Established in 2001 and based in San Jose, California, Bloom Energy (NYSE: BE) has emerged as a significant player in the hydrogen industry, distinguished by its inventive application of solid oxide fuel cell technology. The company has spearheaded a direction toward cleaner and more sustainable electricity generation using hydrogen fuel cells.

According to the latest quarterly report, Bloom Energy is an attractive investment opportunity due to its sturdy financial performance and promising growth prospects. The company’s impressive revenue growth rate of 36.9% compared to last year’s third quarter. Bloom Energy’s commitment to sustainable energy solutions aligns seamlessly with the worldwide transition to clean energy sources, positioning it advantageously in an expanding market.

Analysts agree with the optimistic outlook, citing an average 12-month price target of $21.20, reflecting a 46.11% increase from its present market price. This projection is derived from the price targets provided by 24 analysts over the past three months.

Analysts’s 12-month price target and rating for BE stock. Source: TradingView
Analysts’s 12-month price target and rating for BE stock. Source: TradingView

Additionally, the stock has a consensus rating of ‘Buy,’ with 12 strategists giving the ‘Strong Buy’ grade for BE. 

Furthermore, if this stock reaches its highest predicted price, investors might be looking at potential returns exceeding 119% of the current price.

Linde (NASDAQ: LIN)

Linde (NASDAQ: LIN) presents a compelling investment prospect, supported by several indicators pointing to its undervaluation and potential for growth. The company’s prominent position in the industrial gas market, especially in the hydrogen sector, is a notable advantage. Linde is advancing hydrogen compression and refueling technologies alongside initiatives to curtail carbon emissions through carbon capture and storage.

Linde’s strategic financial commitments further underscore its prospective growth. The substantial $1.8 billion investment to fuel an ammonia plant in Texas, capturing and storing over 1.7 million metric tons of carbon dioxide annually, is particularly noteworthy. 

Collaborating with ExxonMobil (NYSE: XOM) on transporting and storing captured carbon dioxide demonstrates Linde’s commitment to addressing environmental issues. These investments contribute to fostering a more sustainable energy ecosystem and promise to generate future revenue streams for the company.

In particular, LIN’s average 12-month price target is $428.26, indicating a 4.27% rise from its current market price. This forecast is based on the price targets supplied by 28 analysts over the preceding three months.

Analysts’s 12-month price target and rating for LIN stock. Source: TradingView
Analysts’s 12-month price target and rating for LIN stock. Source: TradingView

Additionally, the stock has a consensus rating of ‘ Strong Buy,’ with 21 strategists giving that same grade to LIN. 

In summary, Linde’s holistic approach to clean energy, strategic investments, and robust market position render it an appealing and undervalued choice among clean energy stocks.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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