Best Hydrogen Stocks To Watch Today - November 8th

Key Points

• CF Industries, NuScale Power, and Plug Power were named hydrogen stocks to watch based on their high recent dollar trading volume. The companies span hydrogen and nitrogen products, nuclear power technologies that can support hydrogen production, and hydrogen fuel-cell solutions.
• CF Industries shares rose to $119.40 Friday, with a market capitalization of $18.07 billion; its price was below its 50-day moving average of $122.45.
• NuScale Power and Plug Power also rose Friday, to $5.01 and $1.45, respectively, but both traded below their 50-day moving averages ($7.44 and $1.78). Their trading volumes exceeded their respective average volumes.

CF Industries, NuScale Power, and Plug Power are the three Hydrogen stocks to watch today, according to MarketBeat's stock screener tool. **Hydrogen stocks** are shares of publicly traded companies whose businesses are involved in producing, storing, transporting, or using hydrogen, including through fuel cells and related equipment. Their performance may depend on hydrogen demand, technology and infrastructure development, government policy, and each company’s financial health. These companies had the highest dollar trading volume of any Hydrogen stocks within the last several days.

CF Industries (CF)

CF Industries Holdings, Inc., together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.

CF stock traded up $0.83 during trading on Friday, hitting $119.40. The company had a trading volume of 1,877,642 shares, compared to its average volume of 2,381,579. The stock has a market cap of $18.07 billion, a PE ratio of 8.43, a PEG ratio of 0.24 and a beta of 0.54. The business has a 50-day moving average of $122.45 and a 200-day moving average of $116.74. The company has a current ratio of 2.98, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. CF Industries has a one year low of $75.42 and a one year high of $141.96.

Read Our Latest Research Report on CF

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 up $0.64 during midday trading on Friday, reaching $5.01. The company's stock had a trading volume of 40,698,565 shares, compared to its average volume of 29,890,886. The firm has a 50 day moving average price of $7.44 and a two-hundred day moving average price of $10.56. NuScale Power has a fifty-two week low of $4.28 and a fifty-two week high of $32.09. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -4.24 and a beta of 2.42.

Read Our Latest Research Report on SMR

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.

PLUG traded up $0.10 during trading on Friday, hitting $1.45. The company's stock had a trading volume of 86,973,673 shares, compared to its average volume of 53,853,784. Plug Power has a twelve month low of $1.30 and a twelve month high of $4.33. The company has a quick ratio of 1.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The stock's fifty day moving average price is $1.78 and its 200-day moving average price is $2.37. The firm has a market capitalization of $2.03 billion, a P/E ratio of -1.15 and a beta of 2.13.

Read Our Latest Research Report on PLUG

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