Fuel Your Fortune with The Best Hydrogen Fuel Stocks for 2024

April 8, 2024

A quick but comprehensive list of the 7 best hydrogen fuel cell stocks of 2021

Best Hydrogen Fuel-Cell Stocks

Ditch Fossil Fuels, Invest Smart with Hydrogen Fuel Cell Stocks

Electric cars are a step in the right direction, but the REAL future of clean energy belongs to hydrogen fuel cells. Governments and big corporations are finally ditching their fossil fuel addiction, and hydrogen is ready to take center stage. These stocks could be your key to profiting from the next phase of the green energy revolution.

Heavyweight Contenders: Poised for Growth

These aren't fly-by-night startups. They've got the tech and the potential to make a serious impact as hydrogen adoption gains momentum:

Plug Power (PLUG)

Dynamic Stock Chart for TICKER PLUG The undisputed king of the hydrogen hype train. They've been at this game for years, building fuel cells and refueling infrastructure. If hydrogen becomes mainstream, Plug Power wins big. If not... well, their stock's already had a wild ride.

  • Massive Ambitions: Targeting multiple markets, from forklifts to long-haul trucking.
  • Volatile Stock: Prices swing on rumors and hype, needs careful consideration.

Ballard Power Systems (BLDP)

Dynamic Stock Chart for TICKER BLDP Another long-time player in the fuel cell space. Their focus is on developing fuel cells for buses, trains, and other heavy-duty vehicles. A bet on the growing demand for zero-emission public transportation and long-haul trucking solutions.

  • Niche Specialist: Less diversified than Plug Power, which carries both risk and potential reward.
  • Partnerships Matter: Keep tabs on who they team up with – a major automaker deal could send their stock soaring.

FuelCell Energy (FCEL)

Dynamic Stock Chart for TICKER FCEL These guys build power plants based on fuel cell technology, not just the tiny cells that go in cars. It's a bet on hydrogen being the future of clean, reliable baseload power.

  • Betting on Big Power: Success depends on utilities and governments buying in.
  • Long-Term Play: Building power plants takes time and money, gotta be patient with this one.

The New Digital America: How to Profit from the Historic Shift

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Don't miss your chance to get ahead of this massive wealth shift. Follow Marc's #1 stock pick for the New Digital America before it's too late.

Disruptors with Potential: Balancing Risk and Reward

These companies could be the next Tesla of the hydrogen world... or fizzle out in a cloud of broken promises. Careful research is a must!

Bloom Energy (BE)

Dynamic Stock Chart for TICKER BE Their tech is a bit different from traditional fuel cells, but the goal is the same: clean power from hydrogen. They're targeting commercial and industrial clients who need reliable backup power or a greener energy source.

  • Beyond Just Cars: That wider market focus could be a winner if fuel cells take off across various sectors.
  • Profitability is Key: Gotta watch if they can actually make their tech turn a profit consistently.

Hyzon Motors (HYZN)

Dynamic Stock Chart for TICKER HYZN They specialize in hydrogen-powered heavy-duty trucks and buses. If government regulations push for cleaner long-haul transport, Hyzon could clean up.

  • Zero-Emission Trucking: A potentially massive market if governments and companies get serious about it.
  • Execution is Everything: They've got the concepts, now they need to deliver trucks on time and at scale.

Cummins Inc. (CMI)

Dynamic Stock Chart for TICKER CMI An old-school engine manufacturer that's getting into the hydrogen game. Not a pure play, but if they think hydrogen has a future, that's a good sign to watch.

  • Diversified Giant: Less risky, as they've got other revenue streams outside of hydrogen.
  • Adapting to Change: Their success depends on whether these old-school guys can navigate the shift to new energy.

Air Products and Chemicals, Inc. (APD)

Dynamic Stock Chart for TICKER APD Not exactly a fuel cell company themselves, but they're a massive player in the hydrogen supply chain. If hydrogen booms, they're positioned to profit.

  • Behind-the-Scenes Winner: Success isn't tied to any single fuel cell company doing well.
  • Industrial Scale: They play in big, established markets – less hype, more steady potential.

ITM Power (ITM.L)

Dynamic Stock Chart for TICKER ITM.L A UK-based company focused on hydrogen production and energy storage solutions. Betting on Europe going all-in on hydrogen infrastructure.

  • European Focus: Success tied to EU regulations and government support for hydrogen development.
  • Hydrogen Electrolyzers: Their niche is vital if hydrogen production needs to ramp up massively.

Ceres Power Holdings (CWR.L)

Dynamic Stock Chart for TICKER CWR.L Another UK company developing a unique type of fuel cell technology. A play on their tech being truly disruptive and outpacing the competition.

  • Tech Breakthrough Potential: Could be huge if they nail it, worthless if they don't.
  • Still in Development: Further from commercialization than some of the others on this list.

Nel ASA (NEL.OL)

Dynamic Stock Chart for TICKER NEL.OL A Norwegian hydrogen company with a focus on electrolyzers – the equipment that produces hydrogen from water. If the world gets thirsty for hydrogen, Nel could be raking in the cash.

  • Hydrogen Production Focus: Their success relies on broad hydrogen adoption.
  • European Player: Exposed to regulatory changes and government support within the EU.

The Bottom Line

Tree-huggers might not get hydrogen, but savvy investors see the writing on the wall. Fossil fuels are on the way out, and cleaner solutions are the future.

Hydrogen ain't a guaranteed gold mine, there are risks with any new tech. But if you do your homework, pick your battles wisely, and invest for the long haul, this green revolution has the potential to transform your portfolio.

Winners do the research, whiners complain about gas prices. So get informed and get invested!

If you're interested, as an environmentally-conscious investor, to make profitable investments in greener energy, other stocks you can invest in include:

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.


Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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