Hydrogen Stocks To Add to Your Watchlist – March 17th
The hydrogen economy is gaining significant momentum as the world shifts towards cleaner energy sources. For investors looking to capitalize on this burgeoning sector, keeping an eye on key players is crucial. Today, we’re diving into three hydrogen stocks that have caught the attention of MarketBeat’s stock screener tool, making them excellent candidates for your watchlist.
What Exactly Are Hydrogen Stocks?
Before we introduce our top picks, let’s clarify what we mean by ‘hydrogen stocks’. These are shares of publicly traded companies deeply involved in various parts of the hydrogen value chain. This includes everything from companies that produce hydrogen (often referred to as ‘green hydrogen’ when made using renewable energy) to manufacturers of essential components like electrolyzers and fuel cells. It also encompasses firms dedicated to building out the critical infrastructure needed for hydrogen storage, transport, and refueling stations. Essentially, if a company is playing a role in bringing hydrogen to the forefront of our energy future, it’s considered a hydrogen stock.
Three Hydrogen Stocks to Watch Today:
1. CF Industries (NYSE: CF)
While primarily known for its role in nitrogen fertilizer production, CF Industries is a major player in the ‘blue hydrogen’ space. They produce hydrogen as a byproduct of their ammonia production, and are increasingly exploring opportunities to capture and sequester carbon emissions, positioning them as a key participant in the evolving hydrogen landscape. Their established infrastructure and production capabilities make them a significant, albeit perhaps less obvious, hydrogen stock to consider.
2. NuScale Power (NYSE: SMR)
NuScale Power is at the forefront of developing small modular reactors (SMRs). While not directly a hydrogen producer, SMRs are considered a powerful potential enabler for clean hydrogen production. Their innovative nuclear technology offers a reliable, carbon-free energy source that could be instrumental in powering electrolyzers for large-scale green hydrogen production. Investing in NuScale could be a play on the underlying energy infrastructure that will support the hydrogen economy’s expansion.
3. Plug Power (NASDAQ: PLUG)
Plug Power is perhaps one of the most recognizable names in the dedicated hydrogen sector. The company is a leading provider of hydrogen fuel cell turnkey solutions, focusing on applications in e-mobility, material handling, and stationary power generation. They are also aggressively expanding their green hydrogen production network across North America and Europe, aiming to be a vertically integrated provider. Plug Power represents a direct investment in fuel cell technology and green hydrogen infrastructure.
The Bottom Line
The hydrogen market is complex and dynamic, with diverse companies contributing to its growth. From industrial giants like CF Industries adapting their operations, to innovative energy providers like NuScale Power offering crucial enabling technologies, and dedicated hydrogen specialists like Plug Power pushing the frontier of fuel cell applications – there are various angles for investors to explore. As the world moves towards decarbonization, these three stocks offer intriguing prospects for those looking to add exposure to the burgeoning hydrogen economy to their watchlists this March 17th.
Source: Original Article
