best hydrogen stocks 2022

FCEL stock rose to an all-time high of $7800 per share in 2000 and has since declined to about $2.8 as of June 2023. It’s worth noting that it’s been on an upward trend since late April when it hit an all-time low of about $1.8. Investments are subject to market risk, including the loss of principal.

Given these promising statistics, now is an opportune time to invest in hydrogen stocks and exchange-traded funds (ETFs). As per the International Energy Agency’s “Global Hydrogen Review 2022”, the demand for hydrogen reached 94 million tonnes in 2021, up from the pre-pandemic demand of 91 million tonnes in 2019. Majority of the higher hydrogen demand stems from traditional uses, such as refining and industrial applications. New steel projects are being declared swiftly, just one year after the successful demonstration of utilizing hydrogen in direct reduction of iron. Hydrogen fuel cell-powered trains are now running in Germany, and there are hundreds of on-going projects that are testing the use of hydrogen and hydrogen derivatives in shipping and the power sector.

The transport sector — think automobiles, trucks, trains, airplanes, ships and large construction vehicles — should be an immediate beneficiary of Ballard fuel cell products, which work well in the electrification of transportation vehicles. The company has also partnered with other green energy firms to bring green hydrogen into the mainstream. Notably, a deal with ABB Ltd. (ABB) to provide hydrogen-powered fuel cells to ships and another pact with Chart Industries Inc. (GTLS) to commercialize liquid hydrogen fuel cells make BLDP a clear contender in the green hydrogen space. Trading at $15.31 per share as of closing on Jan. 19, Plug Power has seen its price rise by 23.8% so far in 2023, after falling 56.2% in 2022.

Linde Plc

The aim is to produce enough hydrogen to replace fossil fuel gas for heating and cooking in around 3 million homes. The government is hoping that hydrogen will power between 25% and 30% of UK homes by 2050. In the US, President Joe Biden’s infrastructure bill includes $8bn for capturing, transporting, and storing clean hydrogen.

It also offers technologies to lower the carbon emissions of hydrogen through carbon capture and storage. In this article, we discuss 10 best hydrogen and fuel cell stocks to buy in 2022. If you want to read about some more hydrogen and fuel cell stocks, go directly to 5 Best Hydrogen and Fuel Cell Stocks to Buy in 2022.

Best Hydrogen Stocks: An Overview

Yet many of these businesses have relatively weak financials, which drastically increases the risk profile for my portfolio. Therefore, I’m staying on the lookout for hydrogen companies that have solid fundamentals with a reasonable share price. Hydrogen fuel cells have the potential to revolutionize the transportation industry, as they emit no pollutants and are much more efficient than gasoline-powered vehicles.

best hydrogen stocks 2022

It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

Fusion Fuel Green

FCEL should benefit from the recent IRA legislation, though, which favors green hydrogen companies that have access to government clean energy contracts. If management can fix the profit problem, the sky’s the limit with this green energy player. Bloom Energy is a company that designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation.

best hydrogen stocks 2022

Looking ahead, it has set its sights on producing between 0.5 and 0.7 million tons of primarily green hydrogen annually by 2030. Therefore, BP’s green energy efforts could pay many dividends for its stellar business down the road. The 2022 Inflation Reduction Act adds to the allure of the best hydrogen stocks. Additionally, this crucial piece of legislation infuses the clean energy sector with $370 billion of incentives, reserving a whopping $9.5 billion specifically for green hydrogen development. First Hydrogen designs and builds zero-emission vehicles, and in the first quarter of 2022 the company established First Hydrogen Energy, a division focused on the production and distribution of green hydrogen.


Another method uses renewable energy to power an electrolyzer that splits hydrogen from water molecules. This process produces «green hydrogen,» which results in no carbon emissions. Green and blue are two of the many colors used to classify hydrogen by its production method and emissions profile. The European Clean Hydrogen Alliance was set up in July 2020 to support the large-scale deployment of clean hydrogen technologies by 2030. It brings together renewable and low-carbon hydrogen production, demand in industry, mobility and other sectors, and hydrogen transmission and distribution. Its members come from industry, public authorities, civil society, and other stakeholders.

Major deals promoting the use of hydrogen fuel in the US or Asia are expected to be positive for the companies in the sector. If you’d like a more detailed analysis of FuelCell and their prospects in 2023 and beyond, check out our Hydrogen Industry and Stocks Report. It has 85 pages of in-depth descriptions and analysis of the hydrogen industry as a whole, as well as five stock analyses. In these stock analyses we dissect the major developments around the stocks, their latest earnings and charts, and last but not least – a head-to-head comparison between the five stocks. If you’d like a more detailed analysis of Plug Power and their prospects as of December 2022, check out our Hydrogen Industry and Stocks Report.

As the largest part of hydrogen production falls on natural gas reforming, the price of hydrogen is connected to the price of natural gas. The process also incurs emissions if they are not handled with carbon capture and storage technologies. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The Fund is not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index.

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion. It serves to data centers, retailers, hospitals, farming, semiconductors, and other manufacturing sectors. The company’s fuel cells are subsidized by government incentive programs for green energy and have been installed in over 600 megawatts worth of projects.

This increase in low-emission hydrogen production is the result of 130 MW of electrolysis capacity and one project starting operation in China for the production of hydrogen from coal with CCUS entering into operation during 2022. The Company’s projects include H2EVORA, GreenGas, HEVO-SUL, HEVO-SUL, SINES GH2 Solar, Exolum, and HEVO Ammonia Morocco. GreenGas project consists of 40 HEVO-Solar generators, which produce approximately 45 tons of green hydrogen per year. Powerhouse Energy’s technology produces hydrogen from non-recyclable plastic Construction of its first commercial-scale plant started in 2021.

That’s why I’m keeping shares of this hydrogen business on my watchlist. Hydrogen companies typically face intense competition, short product lifecycles and potentially rapid product obsolescence. They may be significantly affected by fluctuations in energy prices and in the supply and demand of renewable energy, tax incentives, subsidies and other governmental regulations and policies. November 2021
The alliance presented an ambitious pipeline of 750+ viable investment projects for large-scale renewable and low-carbon hydrogen deployment. The pipeline aims to facilitate the creation of European hydrogen value chains and profile hydrogen projects, particularly with investors. This pipeline was updated in autumn 2022 with additional projects, bringing the total to more than 840, demonstrating the dynamism of the European hydrogen ecosystem.

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