Hydrogen Stocks To Keep An Eye On - August 18th

Key Points

• The article highlights seven hydrogen stocks to watch, including Exxon Mobil, Bloom Energy, and Linde, reflecting their engagement in the emerging hydrogen economy aimed at reducing emissions.
• Hydrogen stocks often exhibit higher volatility due to the industry's development stage, but they also present substantial long-term growth potential for investors.
• Exxon Mobil's shares are currently trading at $106.76 with a market capitalization of $455.16 billion, while Bloom Energy reached $46.68, showing notable performance changes in the mid-day trading session.

Exxon Mobil, Bloom Energy, Linde, NuScale Power, Energy Transfer, Shell, and BP are the seven Hydrogen stocks to watch today, according to MarketBeat's stock screener tool. Hydrogen stocks are shares of publicly traded companies engaged in the production, storage, distribution or utilization of hydrogen as a fuel or feedstock. They provide investors with exposure to the emerging hydrogen economy, which aims to decarbonize sectors such as transportation, industry and power generation by replacing fossil fuels with zero-emission hydrogen. Because the hydrogen industry is still developing, these equities often carry higher volatility alongside the potential for substantial long-term growth. These companies had the highest dollar trading volume of any Hydrogen stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Shares of NYSE XOM traded up $0.27 during mid-day trading on Monday, reaching $106.76. 5,419,996 shares of the company were exchanged, compared to its average volume of 16,718,230. The company's 50-day simple moving average is $110.25 and its 200-day simple moving average is $108.88. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $455.16 billion, a P/E ratio of 15.18, a P/E/G ratio of 2.00 and a beta of 0.53. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $126.34.

Read Our Latest Research Report on XOM

Bloom Energy (BE)

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.

Shares of NYSE BE traded up $1.40 during mid-day trading on Monday, reaching $46.68. 6,169,017 shares of the company were exchanged, compared to its average volume of 7,250,155. The company's 50-day simple moving average is $28.57 and its 200-day simple moving average is $23.54. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $10.92 billion, a P/E ratio of 1,167.29 and a beta of 3.28. Bloom Energy has a twelve month low of $9.02 and a twelve month high of $47.21.

Read Our Latest Research Report on BE

Linde (LIN)

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

Shares of NASDAQ LIN traded down $1.52 during mid-day trading on Monday, reaching $478.57. 415,489 shares of the company were exchanged, compared to its average volume of 2,073,066. The company's 50-day simple moving average is $468.28 and its 200-day simple moving average is $460.24. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $224.40 billion, a P/E ratio of 34.03, a P/E/G ratio of 3.17 and a beta of 0.92. Linde has a twelve month low of $408.65 and a twelve month high of $487.49.

Read Our Latest Research Report on LIN

NuScale Power (SMR)

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

Shares of NYSE SMR traded down $0.11 during mid-day trading on Monday, reaching $35.36. 4,680,653 shares of the company were exchanged, compared to its average volume of 11,567,059. NuScale Power has a twelve month low of $6.88 and a twelve month high of $53.50. The stock has a market capitalization of $10.07 billion, a P/E ratio of -29.70 and a beta of 2.06. The company's 50-day simple moving average is $41.30 and its 200-day simple moving average is $27.48.

Read Our Latest Research Report on SMR

Energy Transfer (ET)

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.

NYSE:ET traded up $0.07 during mid-day trading on Monday, reaching $17.31. 9,132,404 shares of the company's stock were exchanged, compared to its average volume of 15,549,601. Energy Transfer has a one year low of $14.60 and a one year high of $21.45. The firm has a market capitalization of $59.40 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.90 and a beta of 0.83. The business's fifty day simple moving average is $17.75 and its two-hundred day simple moving average is $17.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.92 and a current ratio of 1.15.

Read Our Latest Research Report on ET

Shell (SHEL)

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

NYSE:SHEL traded down $0.31 during mid-day trading on Monday, reaching $71.55. 1,966,647 shares of the company's stock were exchanged, compared to its average volume of 4,699,348. Shell has a one year low of $58.54 and a one year high of $74.18. The firm has a market capitalization of $210.21 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.91 and a beta of 0.44. The business's fifty day simple moving average is $71.46 and its two-hundred day simple moving average is $68.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Read Our Latest Research Report on SHEL

BP (BP)

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.

NYSE:BP traded down $0.31 during mid-day trading on Monday, reaching $34.03. 3,312,418 shares of the company's stock were exchanged, compared to its average volume of 11,168,904. BP has a one year low of $25.22 and a one year high of $35.54. The firm has a market capitalization of $89.75 billion, a PE ratio of 162.17, a price-to-earnings-growth ratio of 1.81 and a beta of 0.57. The business's fifty day simple moving average is $31.88 and its two-hundred day simple moving average is $31.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 1.21.

Read Our Latest Research Report on BP

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