Green energy is the future and hydrogen remains one of the leading technologies among it.
There is a lot of buzzes created around green energy/renewable energy and hydrogen technology stands at the top. In the stock market, there has been an increasing focus on hydrogen stocks. Investors have shifted their attention towards the potential hydrogen stocks.
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In the recent past, we have seen an evolution in new technologies like EV—with a massive potential ahead. We can observe how EV stocks have boomed in recent times. Similarly, in the case of hydrogen stocks, they hold the same potential going forward. While hydrogen provides power, it can create a great portfolio for you as an investor.
What’s more important, under the Biden rule, the U.S. government is likely to pave way for hydrogen infrastructure over the coming decades. The president-elect, Joe Biden has highlighted his ambitions regarding clean energy and its future.
With all that potential for hydrogen energy, let’s have a look at the best hydrogen stocks in the market today.
Bloom Energy (BE)
Bloom Energy (BE) is one energy stock that’s worth watching as we head forward. The company sells auxiliary power to large commercial buildings. The fuel cell company has been doing well and recorded notable growth in recent times. Bloom effectively implemented its low-cost policy, which helped in reducing operating costs.
Most importantly, the company has been in limelight because of its hydrogen energy. By the end of late 2020, few analysts downgraded the stock, but it didn’t long for BE to be back in the bullish zone. Thanks to its growing interest in hydrogen energy.
Bloom Energy expects revenue to grow between 25% and 30% from 2020 to 2025. The company has still to prove more and has the potential to do so. The revenue growth will be driven by clean hydrogen fuel cells or electrolyzers, which are going to be the next big thing fuel energy world.
Cummins (CMI) is known for its heavy-duty engines and has been in the business for almost one century. The company is diversifying its business portfolio and working on new developing electric and hydrogen power systems.
Cummins has been working on hydrogen technology for the last two decades. Back in 2019, the company made a major move with the acquisition of Hydrogenics, a Canadian hydrogen fuel cell company. So, CMI is clearly targeting hydrogen technology as a major project in the future.
However, Cummins is not directly part of this sector, but the key factor is that it’s a well-established company worth $35 billion. Moreover, Cummins has a dividend yield of 2.26%. We can stay that it won’t be sourcing massive gains, but it can still be a good investment considering its overall profile.
Ballard Power Systems (BLDP)
Ballard Power Systems (BLDP) has been exceptional this year. BLDP stock has soared over 20% in 2021 so far. Ballard is a true fuel cell company that has developed its ecosystem around hydrogen and other fuel cell solutions.
The future of fuel cells and hydrogen energy is bright. It’s estimated that global fuel cell energy will grow at a remarkable rate in the next 5 years, with an average growth rate of 26%.
Ballard Power Systems expects things to happen at a swift pace. The company anticipates high sales in the coming years with an estimated growth rate of 20% to 30%. The growth rate will push further during the next ten years’ time. So, keep an eye on Ballard Power Systems (BLDP).