Summary: Hydrogen is a versatile and abundant element, and it’s gaining attention for its potential to power various applications, from transportation to industrial processes. In this guide, we’ll delve into the best hydrogen fuel cell stocks that you should consider investing in this year. Each of our recommended selections is accessible for purchase through well-established broker platforms like eToro.
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What are hydrogen fuel cell stocks?
Hydrogen fuel cell stocks represent shares in companies that are at the forefront of harnessing hydrogen fuel cell technology. These companies focus on developing, producing, and implementing hydrogen fuel cell systems, which generate electricity by combining hydrogen and oxygen, emitting only water and heat as byproducts.
These stocks are particularly appealing as the world seeks sustainable alternatives to traditional energy sources. Hydrogen fuel cell technology is recognized for its potential to address climate change by offering a clean and efficient energy solution.
4 best hydrogen fuel cell stocks to buy this year
Following extensive research, we’ve identified these standout selections:
- Air Products (NYSE: APD);
- Plug Power, Inc. (NASDAQ: PLUG);
- Bloom Energy Corporation (NYSE: BE);
- Linde PLC (NASDAQ: LIN).
Air Products (APD)
Air Products is a global leader in providing industrial gases, including hydrogen. The company is well-positioned to capitalize on the increasing demand for hydrogen in various industries. With a strong commitment to sustainability, Air Products has been investing in hydrogen infrastructure and is poised to play a crucial role in the hydrogen economy.
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Plug Power, Inc. (PLUG)
Making waves in the hydrogen fuel cell industry, Plug Power is one of the leading players in the material handling and transportation sectors. The company focuses on developing hydrogen fuel cell systems for electric vehicles, such as forklifts and delivery trucks. Plug Power’s innovative solutions and strategic partnerships with major corporations make it a promising player in the hydrogen market.
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Bloom Energy Corporation (BE)
Bloom Energy is recognized for its solid oxide fuel cell technology, which allows for efficient and clean power generation. The company’s fuel cells have diverse applications, from providing backup power for data centers to supporting clean energy projects. Bloom Energy’s commitment to advancing fuel cell technology makes it an exciting prospect for investors interested in the hydrogen sector.
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Linde PLC (LIN)
A multinational industrial gas company, Linde is active in the production and distribution of hydrogen. The company’s extensive experience in the industrial gas sector positions it as a key player in the emerging hydrogen economy. Linde’s involvement in various hydrogen projects and collaborations underscores its commitment to sustainable energy solutions.
Your capital is at risk.
Where to buy hydrogen fuel cell stocks
Investors can buy hydrogen fuel cell stocks through traditional brokerage platforms. That said, our chosen broker is eToro, a popular platform with 30+ million users across the globe. It’s also regulated by FinCEN in the US and offers a host of solid investing features:
- 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
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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. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Pros and cons of buying fuel cell stocks
Pros
- Green energy growth: Hydrogen fuel cell technology aligns with the global shift towards cleaner and sustainable energy solutions, making these stocks attractive for investors looking to support environmentally friendly initiatives;
- Diversification: Including hydrogen fuel cell stocks in your portfolio can provide diversification, especially if you already have investments in traditional energy sectors;
- Innovation potential: Companies in the hydrogen sector are often at the forefront of innovation, with the potential for groundbreaking advancements in clean energy technology.
Cons
- Volatility: The hydrogen fuel cell market can be volatile, influenced by factors such as regulatory changes, technological developments, and market demand. This volatility may pose risks for investors;
- Dependency on infrastructure development: The success of hydrogen fuel cell stocks has close ties to the development of hydrogen infrastructure. Delays or obstacles in building this infrastructure could impact the industry’s growth;
- Competition: The hydrogen sector is competitive, with various companies vying for market share. This competition can lead to challenges for individual companies in terms of market dominance and profitability.
For more investment opportunities in the energy sector, consider checking out our guides on:
Common mistakes to avoid when buying hydrogen fuel cell stocks
Before you start investing in hydrogen fuel cell stocks, or any other for that matter, it’s key to review these common investing mistakes so that you don’t fall for them.
- Neglecting research: Failing to conduct thorough research on the selected stocks and the overall market can lead to uninformed investment decisions. So, stay informed about the latest developments, financial reports, and industry trends;
- Overlooking risks: While the potential for growth is significant, it’s crucial to acknowledge and assess the risks associated with hydrogen fuel cell stocks. Understand the market dynamics and prepare yourself for potential volatility;
- Ignoring diversification: Avoid concentrating your entire portfolio in a single sector, including hydrogen. Diversifying your investments helps mitigate risks and provides a more balanced portfolio.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about the best hydrogen fuel cell stocks
Where to buy hydrogen energy stocks?
You can buy hydrogen energy stocks through various online brokerage platforms, one of which is our go-to broker, eToro.
Are hydrogen fuel cell stocks a good investment?
Hydrogen fuel cell stocks can be a good investment for those seeking exposure to the growing clean energy sector. However, it’s essential to carefully research and consider the risks associated with this relatively nascent market.
How to invest in hydrogen fuel cell stocks?
You can buy hydrogen fuel cell stocks through online brokerage platforms like eToro, which offers sustainable investments.
What are the best hydrogen fuel cell stocks right now?
As of now, some of the best hydrogen fuel cell stocks include Air Products, Plug Power, Bloom Energy, and Linde. These companies are well-positioned in the growing hydrogen sector.
What factors influence the performance of hydrogen fuel cell stocks?
Factors such as regulatory changes, technological advancements, market demand for hydrogen, and infrastructure development can significantly impact the performance of hydrogen fuel cell stocks.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
