Published on 7 Dec 2021 on Insider Monkey via Yahoo Finance
10 Hydrogen Fuel Cell Stocks to Buy Today
In this article, we discuss the 10 best hydrogen fuel stocks to buy today. If you want to skip our detailed analysis of these stocks, go directly to the 5 Hydrogen Fuel Cell Stocks to Buy Today.
Hydrogen fuel is an attractive source for power generation, transportation, domestic, and industrial applications, since it is a clean energy option and hydrogen can be easily formed via natural gas, nuclear power, biomass, and renewable power like solar and wind. Hydrogen fuel can be created through multiple ways, including electrolysis, natural gas reforming, and solar processes.
Hydrogen fuel cells are growing in popularity as a power source, since they operate like a battery, but do not need to be recharged as long as fuel is being supplied. In 2020, the global market for hydrogen fuel cells was valued at $264.2 million, and by the end of 2027, it is expected to grow at a CAGR of 26.2% to $1,341.9 million, with countries like Germany, the UK, the US, Japan, and China being the major contributors to the advancement of this technology.