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Promising Hydrogen Stocks To Follow Today - November 6th

NuScale Power logo with Industrials background
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Key Points

  • NuScale Power, CF Industries, and Plug Power were identified as hydrogen-related stocks with the highest recent dollar trading volume.
  • The companies have different hydrogen exposure: NuScale develops nuclear plants that can support hydrogen production, CF manufactures hydrogen and nitrogen products, and Plug Power supplies hydrogen and fuel-cell solutions.
  • All three shares rose on Friday: NuScale gained to $4.95, CF Industries to $118.88, and Plug Power to $1.44. NuScale and Plug Power remained near their respective 12-month lows.
  • Five stocks we like better than NuScale Power.

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 in publicly traded companies whose businesses are tied to hydrogen, such as producing or storing it, building related infrastructure, or making fuel cells. Their performance can depend on hydrogen demand, technology costs, government policies, and the financial health of the companies involved. 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.

NYSE SMR traded up $0.57 during midday trading on Friday, hitting $4.95. The company had a trading volume of 18,010,011 shares, compared to its average volume of 31,414,908. The firm has a 50-day moving average price of $7.54 and a 200-day moving average price of $10.63. The company has a market capitalization of $2.12 billion, a PE ratio of -1.68 and a beta of 2.42. NuScale Power has a twelve month low of $4.28 and a twelve month high of $32.09.

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.

Shares of NYSE CF traded up $0.31 during mid-day trading on Friday, reaching $118.88. The company had a trading volume of 635,886 shares, compared to its average volume of 3,179,044. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. CF Industries has a one year low of $75.42 and a one year high of $141.96. The firm has a market cap of $17.99 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.22 and a beta of 0.54. The business's 50-day simple moving average is $122.58 and its 200 day simple moving average is $116.59.

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.

PLUG traded up $0.09 on Friday, hitting $1.44. 40,367,167 shares of the stock were exchanged, compared to its average volume of 70,752,078. Plug Power has a 12 month low of $1.30 and a 12 month high of $4.33. The business has a 50-day moving average of $1.79 and a two-hundred day moving average of $2.37. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 1.32. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -1.13 and a beta of 2.13.

Read Our Latest Research Report on PLUG

See Also

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