The Best Hydrogen Fuel Cell Companies’ Stocks to Buy in 2021
The world today really needs to start using cleaner energy resources in order to protect itself from unmitigated climate disasters and grow itself in a more sustainable way. A lot of the most prominent countries and their governments are switching over to clean energy sources for economic growth and environment-friendly business expansion. As far as clean energy sources are concerned, Hydrogen fuel cells are among the best. Hydrogen fuel cells use chemical energy to generate electricity. They run on Hydrogen, the most abundant element in the universe. The Hydrogen used in fuel cells is derived from water and is used to continuously produce electricity. This has catapulted hydrogen fuel cell stocks into the limelight. According to some recent reports, the market for Hydrogen fuel cells is expected to touch $13.7 billion by 2026. This is a lot more than the $2.5 billion value in 2020. The biggest reason behind the amazing growth of Hydrogen fuel cell stock is the growth in the market for electric vehicles. The fuel cell electric vehicle (FCEV) industry is also projected to climb to $15 billion by 2027, growing at a staggering 38% every year from 2020. The market for hydrogen fuel cell-based cars and trucks in America, Europe and Asia is still in its initial stages and there’s a huge room for growth. There are about 23,000 fuel cell-powered operational forklifts across the U.S, in addition to some fuel cell buses in use or planned in Ohio, Michigan, Illinois, Massachusetts and California.
In this post, we will take a look at the best hydrogen fuel cell stocks that you can buy in 2021. These stocks are increasing in popularity every day but you should pay a lot of careful attention before you choose to invest your hard earned money into any of these. Let’s get started.
Best Hydrogen Fuel Cell Companies in 2021
FuelCell Energy Inc (NASDAQ: FCEL)
Kicking off our list of the best Hydrogen fuel cell companies, is FuelCell Energy, Inc. Together with its subsidiaries, it designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SOFC/SOEC and Energy Storage, a solution for energy storage using solid oxide technology. The company’s SureSource power plants generate clean electricity, usable heat, water, and hydrogen. It serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, microgrids, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
Plug Power Inc (NASDAQ: PLUG)
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It’s a great investment choice among hydrogen fuel cell companies. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive and GenSure fuel cells, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, a turn-key solution for transitioning to fuel cell power; and ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
Dow Inc (NYSE: DOW)
Dow Inc. provides various materials science solutions for consumer care, infrastructure, and packaging markets in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials and Coatings segments. The Packaging & Specialty Plastics segment provides ethylene, and propylene and aromatics products; and polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers. The Industrial Intermediates & Infrastructure segment offers ethylene oxides, propylene oxide, propylene glycol and polyether polyols, aromatic isocyanates and polyurethane systems, coatings, adhesives, sealants, elastomers, and composites. This segment also provides caustic soda, and ethylene dichloride and vinyl chloride monomers; and cellulose ethers, redispersible latex powders, silicones, and acrylic emulsions. The Performance Materials and Coatings segment provides architectural paints and coatings, and industrial coatings that are used in maintenance and protective industries, wood, metal packaging, traffic markings, thermal paper, and leather; performance monomers and silicones; standalone silicones; and home and personal care solutions. It also engages in property and casualty insurance, as well as reinsurance business. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan. Definitely a great hydrogen fuel cell company stock to buy.
Air Products & Chemicals, Inc. (NYSE: APD)
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. If you are looking to invest in hydrogen fuel cell companies, this is a great one. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. Air Products and Chemicals, Inc. was founded in 1940 and is headquartered in Allentown, Pennsylvania.
Linde PLC (NYSE: LIN)
Next on our list of the best hydrogen fuel cell company stocks, is Linde plc. It operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants. It serves healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, electronics, chemical, and water treatment industries. The company was founded in 1879 and is based in Guildford, the United Kingdom.
DuPont de Nemours Inc (NYSE: DD)
DuPont de Nemours, Inc. provides technology-based materials, ingredients, and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. This company’s stock has performed well in the hydrogen fuel cell segment. The company’s Electronics & Imaging segment supplies materials to manufacture photovoltaics and solar cells; materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing the front-end and back-end of the manufacturing process. Its Safety & Construction segment provides engineered products and integrated systems for worker safety, water purification and separation, aerospace, energy, medical packaging, and building materials. The company was formerly known as DowDuPont Inc. and changed its name to DuPont de Nemours, Inc. in June 2019. DuPont de Nemours, Inc. is based in Wilmington, Delaware.
Bloom Energy Corp (NYSE: BE)
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation in the United States, Japan, China, India, and the Republic of Korea. The company offers Bloom Energy Server, a power generation platform that converts standard low-pressure natural gas, biogas, or hydrogen into electricity through an electrochemical process without combustion. It serves hospitals, healthcare companies, retailers, and data centers. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in September 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California. A great stock among hydrogen fuel cell companies.
Nikola Corporation (NASDAQ: NKLA)
Nikola Corporation designs and manufactures battery-electric and hydrogen-electric vehicles. It operates in two business units, Truck and Energy. The Truck business unit develops and commercializes battery electric vehicles, hydrogen fuel cell electric vehicles, vehicle components, and class 8 trucks that provide solutions to the short-haul, medium-haul, and long-haul trucking sector. The Energy business unit is focused on developing and constructing a network of hydrogen fueling stations for its fuel-cell electric and other customers. Nikola Corporation was founded in 2015 and is headquartered in Phoenix, Arizona. If you are looking to invest in hydrogen fuel cell companies, this is a great option.
Ballard Power Systems Inc (NASDAQ: BLDP)
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products primarily in Canada. Its stock has performed very well among hydrogen fuel cell companies. The company offers heavy duty modules, marine systems, fuel cell stacks, backup power systems, and material handling products. It also provides technology solutions, including engineering and technology transfer, as well as the licenses and sells intellectual property portfolio and fundamental knowledge for various proton exchange membrane fuel cell applications. The company serves transit bus, rail, critical infrastructure, marine, material handling, stationary power, truck, and automotive markets. It markets its products in China, Germany, the United States, the United Kingdom, Belgium, Japan, Denmark, France, Taiwan, Norway, Spain, the Netherlands, Finland, Switzerland, and internationally. The company was founded in 1979 and is headquartered in Burnaby, Canada.
Cummins Inc. (NYSE: CMI)
Rounding up our list of the best hydrogen fuel cell companies is Cummins Inc. It designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.