5 Leading Hydrogen Stocks for Your Watchlist

Credits: Canva

By: Aquib Nawab

Finance

A global leader in industrial gases. With a current price of $213.68 as on 7th Feb, Air Products dominates in LNG processing and is a major hydrogen supplier with over 100 plants globally, producing 7 million kilograms of hydrogen daily.

1 - Air Products

Credits: Air Products Global, Instagram

The company is investing in a $7 billion carbon-free hydrogen project in Saudi Arabia, set to produce 650 tons per day by 2025. With a robust pipeline of projects, Air Products is poised to maintain its leadership in the global hydrogen energy market.

Air Products' ambitions

Credits: Air Products Global, Instagram

2 - BP

A prominent oil and gas producer with a current price of $35.99 as on 7th Feb. Committed to net-zero by 2050, BP aims to capture 10% of the hydrogen market across its core regions, driving significant hydrogen projects in the U.K., Europe, the U.S., and Australia.

Credits: bp_plc, Instagram

Notably, BP is developing blue and green hydrogen production plants, such as H2Tesside and HyGreen Tesside, which could contribute 15% towards the U.K.'s 2030 low-carbon hydrogen production targets.

BP's U.K. initiatives

Credits: bp_plc, Instagram

A pioneer in hydrogen fuel cell technology, priced at $4.25 as on 7th Feb. With over 60,000 fuel cell systems deployed, Plug Power operates a leading hydrogen refueling network across North America with almost 180+ fueling stations, positioning itself as a key player in the green hydrogen market.

3 - Plug Power

Credits: Plug Power, Instagram

Plug Power's ambitious goal

By 2030, the company plans to produce 2,000 tons of green hydrogen daily, laying the foundation for a comprehensive green hydrogen ecosystem by producing, storing, and delivering fuel across North America and Europe.

Credits: Plug Power, Instagram

Focused on clean, reliable energy solutions, and affordable energy, with a current price of $11.30 as on 7th Feb. Bloom Energy's Bloom Electrolyzer offers a more efficient way to produce clean hydrogen, making it a game-changer for decarbonizing heavy industries.

4 - Bloom Energy

Credits: Bloom Energy, Instagram

By integrating its Bloom Electrolyzer with renewable energy sources like solar and wind, the company aims to generate green hydrogen, which can be stored and used again in future for industries such as steel, chemicals, cement, and glass manufacturing.

Bloom Energy's vision

Credits: Bloom Energy, Instagram

5 - Linde

A leader in hydrogen compression and refueling, priced at $419.94 as on 7th Feb. Linde's $1.8 billion investment in a Texas ammonia plant demonstrates its commitment to supplying clean energy and reducing carbon emissions.

Credits: Canva

With plans to sequester over 1.7 million metric tons of CO2 annually, Linde's collaboration with ExxonMobil to transport and permanently store CO2, highlights its dedication to advancing sustainable hydrogen solutions.

Linde's carbon capture efforts

Credits: Canva

3 Undervalued AI Stocks you need to Buy this February 2024