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3 Hydrogen Penny Stocks to Invest in 2024

3 Hydrogen Penny Stocks to Invest in 2024
Bogdan Stojkov

Summary: In this guide, we explore the potential of 3 hydrogen penny stocks to invest in 2024. Each three of these cheap hydrogen stocks presents investors with affordable opportunities for potential growth and is available for purchase on a reputable brokerage platform, eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

What are hydrogen penny stocks?

Hydrogen penny stocks represent shares of companies involved in the hydrogen energy sector that are priced below $5. Investing in penny stocks can be enticing due to their affordability and potential for rapid growth. However, it’s essential to approach such investments with caution, understanding the associated risks and conducting thorough research.

3 best hydrogen penny stocks to buy this year

Investors seeking opportunities in the energy sector should keep an eye on three cheap hydrogen stocks:

  • Plug Power (NASDAQ: PLUG);
  • Ballard Power (NASDAQ: BLDP);
  • FuelCell Energy (NASDAQ: FCEL).

Each of these hydrogen penny stocks is available on eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Plug Power (PLUG)

Plug Power has emerged as a prominent player in the hydrogen industry, focusing on providing hydrogen fuel cell solutions for various applications. The company’s innovative technologies cater to industries such as material handling, transportation, and stationary power. Plug Power has formed strategic partnerships with key players, contributing to its growth potential.

Ballard Power (BLDP)

Ballard Power is a Canadian company that specializes in proton exchange membrane (PEM) fuel cell technology. With a commitment to clean energy solutions, Ballard Power has positioned itself as a leading provider of fuel cells for applications like transportation and backup power systems. The company’s partnerships and collaborations emphasize its dedication to advancing hydrogen fuel cell technology.

FuelCell Energy (FCEL)

FuelCell Energy is dedicated to delivering clean and sustainable energy solutions through its solid oxide fuel cell technology. The company focuses on providing power generation solutions for a variety of applications, including stationary power plants and distributed power generation systems. FuelCell Energy’s innovative approach to utilizing hydrogen in fuel cells sets it apart in the evolving energy landscape.

Where to buy hydrogen penny stocks

Investors have the option to purchase hydrogen penny stocks using online brokerage platforms. Nevertheless, we recommend eToro as our preferred broker, renowned for its popularity with over 30 million users worldwide. Additionally, it’s regulated by FinCEN in the US and provides a range of robust investing features, including:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

For other investment options in the energy sector, feel free to check out our guide on the Top 3 Hydrogen ETFs.

Pros and cons of buying hydrogen stocks under $5

Pros

Pros

  • Affordability: Hydrogen penny stocks offer a low-cost entry point for investors, allowing them to acquire more shares with a smaller initial investment;
  • Growth potential: The hydrogen sector is experiencing rapid growth, and investing in penny stocks can provide an opportunity to capitalize on the industry’s expansion;
  • Innovation: Companies in the hydrogen sector often focus on cutting-edge technologies, contributing to advancements in clean energy solutions.
Cons

Cons

  • Volatility: Penny stocks are inherently more volatile than established stocks, making them susceptible to sudden price fluctuations;
  • Risk of bankruptcy: Some penny stocks may be associated with higher financial risks, including the potential for bankruptcy or financial instability;
  • Limited information: Information available on hydrogen penny stocks may be limited compared to more established companies, making thorough research challenging.

If you’re interested in top hydrogen stocks that are priced over $5 and aren’t considered penny stocks, feel free to check out these three guides:

Common mistakes to avoid when buying hydrogen stocks

Failing to conduct thorough research on a company’s financial health, industry trends, and potential risks can lead to uninformed investment decisions, and it’s one of the most common investing mistakes that you can fall for. Nevertheless, it’s not the only one. You should also be wary of:

  • Overlooking diversification: Relying solely on hydrogen penny stocks for investment can expose an investor to unnecessary risks. Diversifying the investment portfolio helps mitigate potential losses;
  • Chasing hype: Following market hype without a solid understanding of a company’s fundamentals can result in impulsive investment decisions;
  • Underestimating risks: Investing in penny stocks comes with inherent risks, and it’s essential to be aware of the potential downsides before committing capital.

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

FAQs about investing in hydrogen penny stocks

What are hydrogen penny stocks?

Hydrogen penny stocks are shares of companies that operate in the hydrogen energy sector and typically have a price below $5. These stocks provide an affordable entry point for investors interested in the potential growth of companies contributing to the evolving hydrogen industry.

Are hydrogen penny stocks a good investment for beginners?

Hydrogen penny stocks can be attractive for beginners due to their affordability, but it’s crucial to understand the associated risks and conduct thorough research before investing.

Yes, popular online brokerage platforms like eToro allow investors to buy and sell hydrogen penny stocks.

What factors should I consider before investing in hydrogen penny stocks?

Factors to consider include the company’s financial health, industry trends, partnerships, and potential risks. Thorough research is essential for making informed investment decisions.

What are the best hydrogen stocks under $5?

The best hydrogen penny stocks to consider currently are Plug Power (NASDAQ: PLUG), Ballard Power (NASDAQ: BLDP), and FuelCell Energy (NASDAQ: FCEL).

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