Hydrogen Stocks to Watch: Key Takeaways
- How I knew PLUG’s 2020 run was coming — and how to see its next run setting up!
- Shorts nearly broke my glasses by targeting this stock…
- Why this $400 stock might pop in a hydrogen-powered future…
Join me as I reveal my latest strategy for spotting ONE-DAY moves as big as 153%, 277%, even 296%. Don’t miss this!
This may sound odd, but in my search for 2024’s hot sectors, I have these hydrogen stocks on my watchlist…
Here’s why … Some of these hydrogen stocks ran with other alternative energy stocks in the past couple of years. So we know there’s potential.
And a mix of active hydrogen fuel cell stocks and the green hydrogen stocks look like the next big leap!
I have plenty to keep tabs on in this sector. Read on to learn why the best might be yet to come for the hydrogen stocks on this list.
Table of Contents
Hydrogen Stocks to Watch
Stock analysts always try to predict the future…
I’ve got a tip to share with you … If any of these experts knew which stocks were going to pop, they wouldn’t be writing about it for a living!
I don’t exclude myself. I don’t know what stocks will do in the future. I’m just watching these stocks. And so, it seems, is the rest of the market.
In 2021 we witnessed one of the all-time hot sector runs with electric vehicle stocks.
Many of these stocks have since cooled off. That might be good news for hydrogen stocks. Traders are always on the hunt for the next bargain and the next hot sector…
Alternative energy stocks got a boost with Biden’s massive infrastructure bill…
If the hydrogen stock sector heats up, these stocks could benefit from the momentum.
1. Plug Power (Nasdaq: PLUG)
PLUG is one of the biggest movers in the hydrogen stock sector. It makes hydrogen fuel cells and always seems to be on the verge of profitability.
I spotlighted it in this cup-and-handle post. Technically, it looked really good.
In this video, I break down the technical analysis that helped smart traders profit on PLUG.
In July 2020, PLUG was approaching $10. Not bad for a stock that had started the year in penny stock territory…
It got as high as $75 before tapering off.
Now PLUG is back to penny stock land. That’s nearly a four-year low!
There’s greater competition in the field, and PLUG’s potential is still unrealized. But it’s still the most recognizable name in hydrogen stocks.
If this sector heats up, PLUG will be one to watch.
2. Fuel Cell Energy (Nasdaq: FCEL)
When shorts tried to predict FCEL’s top at the start of its 2020 climb, it almost broke me…
"You'll shoot your eye out kid"
— Timothy C. Bohen 🇺🇸 (@tbohen) November 19, 2020
Broke my glasses at 8:30AM when I got asked about the "obvious" short setup on $FCEL pic.twitter.com/AKmFF3fQ2L
Fair warning: Its slide was accompanied by massive stock dilution. But this dilution helped to raise the company’s cash reserves, not fatten its executives’ pockets.
That’s a big deal for a forward-looking industry like hydrogen. It means that FCEL has more money to spend on research and development.
FCEL specializes in fuel cell power plants. It’s established over 50 worldwide! Its potential isn’t hypothetical.
Over the past years, FCEL has partnered with Toyota, ExxonMobil, and the U.S. Department of Energy on power projects. It’s also expanded to the U.K., Germany, South Korea, and Japan.
FCEL is now back in penny stock territory — where it was when I covered it in 2020.
This might be the perfect launchpad for its next run.
3. Linde (NASDAQ: LIN)
Here’s a stock that hasn’t sniffed penny stock territory, well, ever.
It’s just trended higher since most hydrogen stocks peaked. That’s because it’s got an actual hydrogen business already — in addition to its other businesses.
Linde is a German multinational headquartered in the U.K.
It’s the world’s largest industrial gas company by market share and revenue. LIN has customers and assets in healthcare, petroleum refining, manufacturing, food, fiber optics, steel, aerospace, chemicals, electronics, and water treatment industries.
It’s a member of the Hydrogen Council, which advocates for hydrogen adoption. And it’s also been acquiring a stake in companies like Hydrospider, a Swiss producer and supplier of hydrogen.
Linde is currently at all-time highs. It shows no signs of slowing down.
If hydrogen reaches its potential, this company could have its fingerprints all over it.
4. Air Products & Chemicals (NYSE: APD)
APD is another international gas and chemical company that’s in the space. Heck, it’s been in the hydrogen business longer than some of these companies have been in business, period.
APD has supplied all the liquid hydrogen used for every NASA space shuttle launch, as well as the Mercury and Apollo missions. APD has also made earthbound innovations, like its Rushlight Hydrogen and Fuel Cells award-winning hydrogen fueling station.
Another thing to like is its reach. In 2012, it bought a majority stake in Chile-based Indura SA, extending its Latin American exposure to 12 countries. Last year, it announced projects in Mexico and China.
It also committed to building the world’s largest green hydrogen project in Saudi Arabia.
As countries worldwide revamp their energy infrastructure, APD might be in position to capitalize.
5. Brookfield Renewable (NYSE: BEPC)
This stock was a big gainer all throughout 2020. 2021 saw it give back most of these gains…
But this stock still has the same intrigue going for it.
BEPC was created in 2019 by an effective stock split off of Brookfield Renewable Partners LP (NYSE: BEP). This Canadian company has a history of renewables that goes back further than its 11-year lifespan. Its parent company, Brookfield Asset Management (NYSE: BAM), installed the first electrical lights and tramways in Brazil in the 1890s.
It has 20 gigawatts of power produced by 5,300 power plants in the U.S., Canada, Latin America, and Europe. It has another 23 gigawatts of power projects in the pipeline.
All this is to say that this company is big time, and its shares are cheap enough to move on news…
And if partnerships with the likes of Amazon are any indication, this company can generate some news.
It’s more active in the solar and wind sectors than hydrogen. High-profile ventures like its PLUG-assisted power plant still keep it on the hydrogen stock radar.
This diverse stock might recapture the market’s attention in 2024.
6. Bloom Energy (NYSE: BE)
Bloom Energy had a similar 2020 to PLUG and FCEL…
By its February 2021 top, it had gained almost 1,000%! This growth was supported by better sales and revenue.
It’s down about 70% from that peak. But it’s had a recent pop as it outperformed earnings and caught the eyes of some analysts…
Bloom is a California-based company making solid oxide fuel cells. The New York Times calls solid oxide “the most efficient but most technologically challenging fuel-cell technology.”
They don’t sell these units, just the electricity produced from them. This makes for less of an up-front cost. Combined with generous government subsidies, this has made for greater adoption.
There’s a lot of uncertainty surrounding the future of hydrogen, but Bloom has impressed in the early going. If traders sour on the unkept promises of PLUG and FCEL, Bloom might be next in line for mega volume.
See the Stocks Ready to Skyrocket
The markets may be having a volatile, choppy moment as I write this. But I also know that the future’s exciting…
That’s why I geek out on the markets. So I know you don’t have to go along for the bumpy ride.
It’s why I maintain several watchlists to get to know stocks’ charts and histories. That’s how I prepare for the right time to trade.
Want to see how I stay steady and prep for each week — no matter what the market’s doing?
Sign up for my weekly watchlist here.
Conclusion
Hydrogen stocks have an awesome run in their rearview mirror…
A LOT of money flooded the market in 2020 and 2021, and the stocks on this list were lifted by the rising tide.
These stocks’ highs don’t tell you their value — just that they have run. And that often means they can run again.
Never treat a watchlist as stock ‘picks.’ These are just introductions, suggestions on where to focus your study time.
The government could conceivably make good on the energy promises that made these stocks run in the first place…
You want to be prepared if they do.
What do you think about the future of hydrogen stocks? Have you traded any stocks on this list? Let me know in the comments!