Hydrogen Stocks Worth Watching - August 4th

Key Points

• The article highlights seven notable hydrogen stocks, including Exxon Mobil, NuScale Power, and Linde, which are gaining attention due to their involvement in the hydrogen economy and clean energy initiatives.
• Exxon Mobil's stock (XOM) recently traded at $107.81, with a market capitalization of $464.61 billion and a P/E ratio of 15.33.
• NuScale Power (SMR) is focusing on modular nuclear power plants for hydrogen production, with its stock trading at $42.55 and a market cap of $12.10 billion.

Exxon Mobil, NuScale Power, Linde, BP, Ingersoll Rand, Bloom Energy, and Shell are the seven Hydrogen stocks to watch today, according to MarketBeat's stock screener tool. Hydrogen stocks are shares of companies involved in the production, storage, distribution and utilization of hydrogen as a clean-energy fuel. They typically include firms that manufacture electrolyzers, produce green or blue hydrogen, develop fuel-cell technologies, or build infrastructure for hydrogen refueling and transport. Investors buy these stocks to gain exposure to the emerging hydrogen economy and its potential role in decarbonizing heavy industry and transportation. 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.

XOM stock traded down $1.83 during midday trading on Monday, hitting $107.81. The stock had a trading volume of 6,570,858 shares, compared to its average volume of 16,760,697. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market cap of $464.61 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53. The business has a fifty day moving average price of $109.48 and a two-hundred day moving average price of $109.11.

Read Our Latest Research Report on XOM

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.

SMR traded down $1.88 during midday trading on Monday, hitting $42.55. The company had a trading volume of 8,245,672 shares, compared to its average volume of 11,455,691. The stock's 50 day moving average price is $39.77 and its 200 day moving average price is $26.32. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of -31.01 and a beta of 2.06. NuScale Power has a 52 week low of $6.88 and a 52 week high of $53.50.

Read Our Latest Research Report on SMR

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 up $6.80 during midday trading on Monday, hitting $466.21. 595,820 shares of the company's stock were exchanged, compared to its average volume of 2,117,601. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a 50 day moving average price of $467.15 and a 200-day moving average price of $457.93. The company has a market cap of $219.45 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 3.25 and a beta of 0.92. Linde has a 12 month low of $408.65 and a 12 month high of $487.49.

Read Our Latest Research Report on LIN

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.

Shares of BP traded up $0.60 on Monday, reaching $32.35. 7,738,589 shares of the company's stock traded hands, compared to its average volume of 11,328,638. The stock's 50 day simple moving average is $30.93 and its two-hundred day simple moving average is $31.04. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. BP has a 52-week low of $25.22 and a 52-week high of $35.54. The stock has a market cap of $85.80 billion, a PE ratio of -70.36, a PEG ratio of 1.86 and a beta of 0.57.

Read Our Latest Research Report on BP

Ingersoll Rand (IR)

Ingersoll Rand Inc. provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.

Shares of Ingersoll Rand stock traded up $3.43 on Monday, reaching $78.41. 2,839,009 shares of the company traded hands, compared to its average volume of 2,948,552. Ingersoll Rand has a 52 week low of $65.61 and a 52 week high of $106.03. The company has a 50 day moving average of $84.19 and a 200 day moving average of $82.77. The firm has a market capitalization of $31.63 billion, a PE ratio of 61.32, a PEG ratio of 3.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.63.

Read Our Latest Research Report on IR

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 Bloom Energy stock traded down $1.56 on Monday, reaching $35.16. 4,578,092 shares of the company traded hands, compared to its average volume of 7,033,346. The company has a 50 day moving average of $24.52 and a 200 day moving average of $22.46. The firm has a market capitalization of $8.17 billion, a PE ratio of 879.22 and a beta of 3.28. Bloom Energy has a 52 week low of $9.02 and a 52 week high of $39.09. The company has a debt-to-equity ratio of 2.18, a current ratio of 4.99 and a quick ratio of 3.21.

Read Our Latest Research Report on BE

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.

SHEL traded down $0.60 on Monday, hitting $71.40. The company's stock had a trading volume of 2,245,474 shares, compared to its average volume of 4,779,377. Shell has a 12 month low of $58.54 and a 12 month high of $74.18. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The firm has a market cap of $211.07 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 2.09 and a beta of 0.44. The company's 50 day simple moving average is $70.45 and its 200-day simple moving average is $67.99.

Read Our Latest Research Report on SHEL

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