Top Hydrogen Stocks To Keep An Eye On - November 11th

Key Points

• NuScale Power, CF Industries, FuelCell Energy, Plug Power, and Lifezone Metals were identified as hydrogen stocks with the highest recent dollar trading volume, though hydrogen-related activities are only part of some companies’ businesses.
• The group spans a range of industries: NuScale develops small modular nuclear reactors that can support hydrogen production, CF makes hydrogen and nitrogen products, and FuelCell Energy and Plug Power offer fuel-cell and hydrogen technologies.
• Wednesday trading was mixed: NuScale, CF Industries, and FuelCell Energy shares rose, while Plug Power and Lifezone Metals edged lower. Plug Power traded at $1.35, close to its 52-week low of $1.30.

NuScale Power, CF Industries, FuelCell Energy, Plug Power, and Lifezone Metals are the five Hydrogen stocks to watch today, according to MarketBeat's stock screener tool. Hydrogen stocks are shares of publicly traded companies that produce hydrogen, make fuel cells or related equipment, or build hydrogen storage and distribution infrastructure. For investors, the term describes a broad and often emerging sector; a company’s hydrogen-related business may be only part of its overall operations. 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 SMR stock traded up $0.14 on Wednesday, hitting $5.37. 17,189,704 shares of the company's stock traded hands, compared to its average volume of 31,490,057. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -4.55 and a beta of 2.42. The company's fifty day simple moving average is $7.29 and its 200 day simple moving average is $10.42. NuScale Power has a one year low of $4.28 and a one year high of $27.78.

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 CF stock traded up $0.01 during midday trading on Wednesday, reaching $122.36. 346,904 shares of the stock were exchanged, compared to its average volume of 3,165,308. The firm has a market cap of $17.90 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.24 and a beta of 0.54. The company's 50 day moving average is $122.17 and its two-hundred day moving average is $117.04. CF Industries has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a current ratio of 2.98, a quick ratio of 2.68 and a debt-to-equity ratio of 0.36.

Read Our Latest Research Report on CF

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.

NASDAQ FCEL traded up $0.85 during trading hours on Wednesday, hitting $11.13. 2,528,312 shares of the company's stock traded hands, compared to its average volume of 6,986,420. The firm has a market capitalization of $890.00 million, a P/E ratio of -3.24 and a beta of 2.47. The company has a current ratio of 8.67, a quick ratio of 7.77 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $14.75 and its two-hundred day moving average price is $14.95. FuelCell Energy has a 52 week low of $5.71 and a 52 week high of $37.88.

Read Our Latest Research Report on FCEL

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 Power stock traded down $0.01 on Wednesday, hitting $1.35. 12,967,572 shares of the company traded hands, compared to its average volume of 70,757,648. Plug Power has a 52 week low of $1.30 and a 52 week high of $4.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.32 and a current ratio of 2.32. The business has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $2.36. The stock has a market capitalization of $1.89 billion, a P/E ratio of -1.43 and a beta of 2.13.

Read Our Latest Research Report on PLUG

Lifezone Metals (LZM)

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania.

Shares of LZM traded down $0.01 during midday trading on Wednesday, hitting $4.50. The stock had a trading volume of 250,135 shares, compared to its average volume of 498,649. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.45 and a quick ratio of 0.45. The stock's 50 day moving average is $3.76 and its 200 day moving average is $4.18. Lifezone Metals has a 1 year low of $2.95 and a 1 year high of $6.40. The firm has a market cap of $378.90 million, a PE ratio of -0.96 and a beta of 1.34.

Read Our Latest Research Report on LZM

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