It announced it secured an order from Stadler Rail for its fuel cell engines to effectively power its hydrogen train in the U.S. The hydrogen in its cells can effectively create renewable energy or fossil fuels, positioning it incredibly well, as the energy transition won’t be overnight.īallard has struck multiple deals of late, which is a testament to its popularity. Its fuel cells cater to heavy-duty vehicle manufacturers such as Mahle and Van Hool. Layer that up with the Inflation Reduction Act incentives could result in tremendous growth in PLUG stock.īallard Power Systems (NASDAQ: BLDP ) is another leading fuel cell company based out of Canada. Plug estimates a $40 billion market opportunity in stationary power. It achieved 1.5GW in the second quarter, surpassing its target for the year, implying stronger-than-expected demand.įurthermore, Microsoft partnered with Plug for backup power for its data centers, which opened a new market opportunity in stationery power for the firm. The company’s electrolyzer business has been growing rapidly over the past several quarters and could contribute 50% to its total sales mix down the road. This reaction takes place in an electrolyzer. The Amazon deal is a massive nod of approval for Plug as it looks to expand its market share in the hydrogen sphere.Įlectrolysis is a process where electricity powers the conversion of water into hydrogen and oxygen. Its shares rose after its deal with Amazon (NASDAQ: AMZN) to supply green hydrogen to decarbonize its operations. Plug Power (NASDAQ: PLUG ) delivers hydrogen fuel cell solutions for various sectors and has established itself as one of the leaders in the space. From Russia’s invasion and dramatically escalating tensions between America and China over Taiwan, hydrogen stocks are sure to profit from this dynamic.

It has a significant edge regarding range, recharging times, and emissions. Hydrogen’s unmatched energy density makes it the go-to for long-range and heavy use. The race for energy resources has become one of the most critical talking points in modern-day politics. Thus, now could be the time to buy hydrogen stocks. The massive growth comes from the energy and transportation markets, particularly in electric batteries, where it shines the brightest. Hence hydrogen stocks are likely to become top-rated investment options.Īccording to Morgan Stanley, the Hydrogen Economy is set to enter its long overdue renaissance in the 2020s and potentially be an $11 trillion market in the coming decade. This makes hydrogen an extremely versatile fuel with many applications for today’s world and tomorrow’s technologies. Hydrogen is the most abundant element in our universe and can be transformed into electricity or methane.

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