Best Hydrogen Stocks to Watch in 2022

December 23, 2021 21:25 UTC
Reading time: 10 minutes

Did you know that the demand for hydrogen fuel cell technology is set to grow at its fastest rate over the next five years? The transition to cleaner fuels and greener energy sources is now at the forefront of governments around the world.  

It is also why investors are keen to tap into the potential growth of hydrogen stocks and answer the question ‘what is the best hydrogen stock to invest in?’ 

In this ‘Best Hydrogen Stocks to Watch’ article, we cover the top hydrogen stocks to focus on for this year and go through a step by step process on how to invest in hydrogen stocks through a regulated broker with some of the most competitive fees in the industry.  ▼ ▼ ▼ 

List of Hydrogen Stocks to Watch  

Below is a list of hydrogen fuel cell stocks to watch this year. While the sector is growing exponentially, it is still relatively new to most investors.  This is why it’s important to stick to the biggest companies in the industry, rather than hydrogen penny stocks which are likely to be extremely volatile.  

  1. FuelCell Energy Inc 
  2. Plug Power Inc 
  3. Linde PLC  
  4. Cummins Inc 
  5. Bloom Energy Corp 

With the Admirals Invest.MT5 account you can access a huge list of hydrogen stocks to invest in, as well as the following features: 

✅ Open an account with just €1.  

✅ Low commission on US stocks of just $0.02 per share and only 0.1% on UK stocks.  

✅ Low minimum transaction costs of just $1, £1 or €1 - ideal for small account holders.  

✅ Invest in stocks and ETFs from 15 of the largest stock exchanges in the world.  

✅ Access premium analytical tools, exclusive research reports and a state of the art platform.  

✅ Enjoy a high level of safety and security as Admirals is authorised and regulated by the UK Financial Conduct Authority (FCA) and other top financial regulators. 

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Best Hydrogen Stocks Research & Analysis 

In this section, we go through some of the best hydrogen stocks in more detail. This list merely serves as a starting point to build upon. Make sure you do thorough research in each company and be sure to familiarise yourself with risk management.  

If you have a live account with Admirals, you can access the Technical Insight Lookup indicator tool from the Premium Analytics section. Here, you can type in the name of the stock and the algorithm will find actionable trading ideas and events that are taking place on its share price.  

This is a great additional tool to have in your trading arsenal. After all, the more research you can do the better. The ‘best’ stock can only truly be known after the event and is relative depending on your risk tolerance. The key is to try and put the probabilities in your favour while exercising strong risk management principles to manage any losses. 

▶️ FuelCell Energy Inc (FCEL) 

FuelCell Energy Inc is a renewable energy company based in Connecticut but has hydrogen fuel cell power plants in the US and internationally. The company is considered a leader in the innovation of renewable energies.  

Since the clean energy bill was passed in the US at the end of 2021, hydrogen cell stocks have been in demand. FuelCell Energy was considered a hydrogen penny stock in 2019 trading at $0.50 before surging to $29.00 in mid-2021 - a more than 6,000% increase. 

Source: Admirals MetaTrader 5, FCEL, Weekly - Data range: from 28 Jan 2018 to 26 Nov 2021, performed on 26 Nov 2021, at 8:30 am GMT. Please note: Past performance is not a reliable indicator of future results. Last five-year performance: 2020 = +345.02%, 2019 = -62.00%, 2018 = -67.62%, 2017 = -2.86%, 2016 = -64.72%). 

However, this hydrogen stock has been a wild ride so risk management is key when considering investing in such a volatile company. The share price has declined more than 70% since reaching its 2021 high and is currently ranging in between $5.00 and $12.00 per share.   

▶️ Plug Power Inc (PLUG) 

Plug Power Inc is considered to be one of the leaders in the best hydrogen fuel cell stocks to buy. In fact, it is a leading provider of clean hydrogen and is the world’s largest buyer of liquid hydrogen having more hydrogen refuelling stations in the world than any other company.   

The company recently announced a deal with chemical giant Fertiglobe to produce green hydrogen using a 100-megawatt electrolyser which can produce and store hydrogen for later use. Plug Power also announced plans to set up a European headquarters in Germany given them important access to European markets.  

Source: Admirals MetaTrader 5, PLUG, Weekly - Data range: from 28 Jan 2018 to 26 Nov 2021, performed on 26 Nov 2021, at 8:30 am GMT. Please note: Past performance is not a reliable indicator of future results. Last five-year performance: 2020 = +973.10%, 2019 = +154.84%, 2018 = -47.46%, 2017 = +96.67%, 2016 = -43.13%. 

The share price of Plug Power has been on a wild change. From 2015 to late 2019, Plug Power was considered a hydrogen penny stock trading at an average price of $2.00. In early 2020, the share price surged more than 1,880% higher to around $75.00 per share one year later.  

Since then, the stock price dropped 75% before basing around $20.00 and now trading 150% higher from its current 2021 low. The stock does have potential if investors and institutions start to allocate more funds to the hydrogen sector.  

▶️ Linde PLC (LIN) 

Linde is a global chemical company founded in Germany and is the world’s largest industrial gas company by revenue and market share. Linde is considered to be the pioneer in hydrogen fuel cell technology and currently has 80 hydrogen electrolysis plants around the world and 200 hydrogen refuelling stations.  

The company is currently building the world’s first hydrogen refuelling station for passenger trains in Germany, leading the way in greener technologies that governments are looking for. As Linde already has footholds in North and South America, Asia and Europe they are set to benefit from an uptake in hydrogen use.  

Source: Admirals MetaTrader 5, LIN, Monthly - Data range: from 1 Jan 2005 to 26 Nov 2021, performed on 26 Nov 2021, at 8:30 am GMT. Please note: Past performance is not a reliable indicator of future results. 

The monthly price chart above shows the long-term share price of Linde PLC from 2005 to 2021. While there have been some declines, most notably in 2008 and 2015, with more sideways price action between 2017 and 2019. However, the long-term uptrend is clear and still intact.  

How to Invest in Hydrogen Stocks 2022

If you want to invest in hydrogen stocks you first need to open an account (live or demo). Once, you have opened your account – which only takes a few minutes – you can follow the step by step process outlined below to invest in hydrogen stocks.  

1️⃣ Log in to the Trader’s Room from the Admirals website. From here, you can manage all of your trading and investing accounts, download different trading platforms, access the Admirals Wallet and premium analytical tools.  

2️⃣ Click on the Trade icon next to one of your accounts. This will automatically open the MetaTrader 5 web trader platform so you can start investing without needing to download a desktop platform.  

3️⃣ Type in the stock you wish to invest in where the + icon is at the bottom of the Market Watch window on the left of the web platform.  

4️⃣ Drag the symbol of the stock you want to invest in from the Market Watch window to the chart to view the live share price. You can then right-click and select Trading – New Order to open a trading ticket.  

Source: Admirals MetaTrader 5 Web Platform 

The trading ticket will allow you to input your position size, set a stop loss and take profit level.  

Why Invest in Hydrogen Stocks with Admirals? 

✔️ Admirals is authorised and regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Jordan Securities Commission (JSC) among others.   

✔️ Open an Invest.MT5 account to invest in real stocks and ETFs (exchange-traded funds) to build a long-term portfolio and a passive stream of income through dividend investing!  

✔️ Invest in stocks and ETFs from 15 of the largest stock exchanges in the world from just 0.02 USD per share on US stocks and 0.1% commission on UK stocks!  

✔️ Access state of the art Premium Analytics tools such as the Technical Insight Lookup indicator which finds actionable trading and investing ideas for you.   

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Jitanchandra Solanki
Jitanchandra Solanki Financial Markets Author, Admirals London

Jitanchandra is a financial markets author with more than 15 years experience trading currencies, indices and US equities. He is an accredited Market Technician with a BA Hons degree.