Promising Hydrogen Stocks To Consider - November 13th

Key Points

• NuScale Power, CF Industries, and Plug Power were identified as hydrogen stocks with the highest recent dollar trading volume. The category includes companies with varied exposure to hydrogen, and some may earn much of their revenue from other businesses.
• NuScale Power shares fell to $4.62, near their 52-week low of $4.28; the company develops modular nuclear power systems that can also support hydrogen production.
• CF Industries rose to $125.68, while Plug Power slipped to $1.11, close to its 52-week low of $1.10. CF makes hydrogen and nitrogen products, while Plug develops hydrogen and fuel-cell solutions.

NuScale Power, CF Industries, 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 involved in producing hydrogen, making fuel cells or related equipment, or building hydrogen infrastructure. Investors use the term for companies with exposure to the hydrogen industry, though some may earn much of their revenue from other businesses. These companies had the highest dollar trading volume of any Hydrogen stocks within the last several days.

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 $0.20 during mid-day trading on Friday, reaching $4.62. The company had a trading volume of 14,532,481 shares, compared to its average volume of 31,525,453. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -3.92 and a beta of 2.42. The company's 50-day moving average price is $7.11 and its 200-day moving average price is $10.27. NuScale Power has a one year low of $4.28 and a one year high of $23.45.

Read Our Latest Research Report on SMR

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.

NYSE CF traded up $0.76 on Friday, hitting $125.68. 344,145 shares of the stock traded hands, compared to its average volume of 3,149,270. The business's fifty day moving average is $121.63 and its two-hundred day moving average is $117.36. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.25 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.68 and a current ratio of 2.98.

Read Our Latest Research Report on CF

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.

Shares of PLUG traded down $0.12 during mid-day trading on Friday, hitting $1.11. The stock had a trading volume of 29,913,711 shares, compared to its average volume of 70,474,680. The firm has a market cap of $1.56 billion, a P/E ratio of -1.17 and a beta of 2.13. The business has a fifty day moving average price of $1.71 and a 200-day moving average price of $2.35. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.21 and a quick ratio of 1.32. Plug Power has a 52 week low of $1.10 and a 52 week high of $4.33.

Read Our Latest Research Report on PLUG

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.