Hydrogen Stocks To Keep An Eye On - October 3rd

Key Points

• Plug Power, NuScale Power, and FuelCell Energy are identified as key hydrogen stocks to monitor, focusing on innovations in hydrogen production and fuel cell technology.
• Investors are interested in hydrogen stocks as they aim to capitalize on the emerging hydrogen economy, which seeks to decarbonize various industries.
• Each company specializes in different applications of hydrogen, with Plug Power offering fuel cell systems, NuScale Power developing modular nuclear reactors for hydrogen production, and FuelCell Energy creating stationary fuel cell and electrolysis platforms.

Plug Power, NuScale Power, and FuelCell Energy are the three Hydrogen stocks to watch today, according to MarketBeat's stock screener tool. Hydrogen stocks are shares of publicly traded companies involved in the production, distribution or utilization of hydrogen as an energy carrier—such as electrolyzer manufacturers, green hydrogen producers and fuel‐cell developers. Investors buy these stocks to gain exposure to the emerging hydrogen economy, which aims to decarbonize industries ranging from transportation to heavy manufacturing. These companies had the highest dollar trading volume of any Hydrogen stocks within the last several days.

Plug Power (PLUG)

Plug Power Inc. develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.

Read Our Latest Research Report on PLUG

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.

Read Our Latest Research Report on SMR

FuelCell Energy (FCEL)

FuelCell Energy, Inc., together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.

Read Our Latest Research Report on FCEL