Malaysia
Singapore
Philippines
What exactly are hydrogen stocks?
Hydrogen stocks are issued by companies that engage in the endeavour of producing clean energy. I will not bore you to death with the science behind it. However, it basically involves producing energy from the reaction between hydrogen and oxygen.
In terms of energy, hydrogen is a diverse energy carrier with applications spanning from industrial operations to transportation. Such occurrence gives rise to the “hydrogen economy” concept. It espouses the use of hydrogen energy for most economic activities.
Several governments and areas have recognised the potential of hydrogen energy and the hydrogen economy. For example:
- The United States and the European Union are at the forefront of hydrogen policy efforts.
- China is a prominent player in hydrogen deployment, having recently increased its electrolyser capacity significantly.
- The European Union has established renewable hydrogen guidelines and is sponsoring hydrogen-related projects.
- India has established the National Green Hydrogen Mission to produce 5 million tonnes of hydrogen by 2030.
- The United Kingdom is also making gains in this area by implementing a Low-Carbon Hydrogen Standard and an Electrolytic Allocation Round.
- Other countries, such as Namibia and South Africa, have implemented hydrogen plans.
Table of Contents
Factors that Drive Hydrogen Stocks
As the promise of hydrogen as a clean energy source becomes clear, hydrogen stocks are gaining traction in the global market.
The value of hydrogen stocks is determined by the energy itself and the ecology surrounding its production, delivery, and utilisation. The International Energy Agency (IEA) claims hydrogen’s historic importance in the energy landscape, emphasising its energy density and emission-free characteristics.
As a result, when investors seek green hydrogen stocks, they seek companies that are part of the clean transformation.
Currently, the industry drives a substantial percentage of hydrogen demand, which, ironically, results in CO2 emissions, given that natural gas is the dominant hydrogen source.
As a result, there is an increasing interest in renewable electrolytic hydrogen, in which renewable energy sources such as the sun and wind can make hydrogen production competitive. These stocks are often called green hydrogen stocks.
Investors should keep technical advancement and the increasing demand for clean energy when considering which hydrogen stocks to buy.
Technological Advancement
In recent years, hydrogen technology has shifted its paradigm, emphasising low-emission alternatives.
As mentioned, there are two main methods of producing hydrogen energy: “Blue hydrogen” and “Green hydrogen.”
While the former is obtained from natural gas and necessitates carbon capture technology, the latter is created using electrolysis and produces no emissions.
This green hydrogen approach has enormous potential in the rapidly changing energy market. Therefore, if you are concerned with environmental impact, you should look for green hydrogen stocks.
Another indicator of the hydrogen sector’s technological improvement is the increased interest from major corporations and investors.
Despite ongoing hurdles in technology implementation, Europe has demonstrated leadership, particularly in patents related to hydrogen generation, storage, and delivery.
Meanwhile, initiatives such as the EU’s RepowerEU programme, which aims for significant hydrogen production by 2030, demonstrate the push for green hydrogen.
Demand for Clean Energy
The global demand for renewable energy, particularly hydrogen, is increasing significantly.
Moreover, clean hydrogen is expected to be in high demand, giving green hydrogen stocks great prospects.
In speculation, clean hydrogen consumption will reach 10 million metric tonnes (MMT) by 2030, with a future growth of 50 MMT by 2050. Thus, you can expect the hydrogen market’s value to achieve trillion to trillion. To meet these net-zero emission targets by 2030, sustainable energy investments will need to treble at the current rate.
We are at the precipice of transitioning into more widespread use of clean energy. It presents a golden opportunity to invest in green hydrogen stocks.
After researching, these are a few recommended hydrogen stocks to buy.
Top 5 Hydrogen Stocks in 2025 You Shouldn’t Overlook
| Company | P/E Ratio | Market Cap (USD) | Return on Equity |
| Air Products (NYSE: APD) | 29.00 | $63.34 billion | 16% |
| Bloom Energy (NYSE: BE) | -8.74 | $3.10 billion | -143% |
| Linde plc (NYSE: LIN) | 42.15 | $185.12 billion | 11% |
| Cummins (NYSE: CMI) | 13.03 | $32.94 billion | 26.6% |
| Plug Power (NASDAQ: PLUG) | -7.61 | $5.34 billion | -21% |
1. Air Products (NYSE: APD)
Company Overview
Founded in 1940, Air Products is a global leader in industrial gases and hydrogen technologies, with a significant focus on sustainable solutions. Its clientele spans electronics, food, and medical industries.
Recent Innovations
- Partnered with AFC Energy to enhance hydrogen technology capabilities.
- Leading projects, including Edmonton International Airport’s hydrogen integration.
- Committed to over $15 billion in green and blue hydrogen investments by 2027.
Financial Snapshot
- Revenue (2024): $12 billion
- Net Profit Margin: -12.6%
2. Bloom Energy (NYSE: BE)
Company Overview
Since its inception in 2001, Bloom Energy has pioneered solid oxide fuel cell technology, offering solutions in biogas energy, hydrogen fuel cells, and microgrid systems.
Recent Innovations
- Launched the Series 10 for net-zero compliance and the Combined Heat and Power system in 2025.
- Advanced its electrolyser technology for industrial hydrogen production.
Financial Snapshot
- Revenue (2024): $1.2 billion
- Net Profit Margin: -8.6%
3. Linde plc (NYSE: LIN)
Company Overview
Linde, a powerhouse in industrial gases, has dominated the hydrogen market with a strong emphasis on emissions reduction and technological innovation.
Recent Innovations
- Secured over $7 billion in new electronics sector projects.
- Expanded hydrogen refueling and compression technology for global markets.
- Opened a cutting-edge blue ammonia facility in 2024.
Financial Snapshot
- Revenue (2024): $31 billion
- Net Profit Margin: 11.5%
4. Cummins (NYSE: CMI)
Company Overview
Established in 1919, Cummins is a leader in power technologies, focusing on reducing emissions through its Accelera brand.
Recent Innovations
- Introduced fuel-independent powertrains for decarbonization.
- Expanded green hydrogen and battery solutions under its New Power division.
- Increased electrolyser sales and production capacity in 2024.
Financial Snapshot
- Revenue (2024): $28 billion
- Net Profit Margin: 9%
5. Plug Power (NASDAQ: PLUG)
Company Overview
Plug Power is at the forefront of green hydrogen solutions, with robust deployments in North America and Europe.
Recent Innovations
- Achieved record electrolyser manufacturing output in 2024.
- Advanced hydrogen-powered motors for transportation and industrial applications.
- Aims for 2,000 tonnes per day of green hydrogen production by 2030.
Financial Snapshot
- Revenue (2024): $1.5 billion
- Net Profit Margin: -15%
Conclusion
There may be many considerations when it comes to investment. You will have to equip yourself with knowledge of different types of stocks and how to analyze a company’s financial statement.
For many investors, money precedes everything. While such a practice is ubiquitous among many investors, some do invest in a better future. In this case, it will be green hydrogen stocks.