Plug Power Inc (PLUG)

[WeTheMarket]

3 Hydrogen Stocks to Buy Now or You’ll be Kicking Yourself Later
Hydrogen could be one of the most exciting opportunities on the market
1d ago · By Ian Cooper
https://investorplace.com/2023/01/3-hydrogen-stocks-to-buy-now-or-youll-be-kicking-yourself-later/

Here are some of the hottest hydrogen stocks to own today.

Direxion Hydrogen ETF (HJEN): Diversification with a low cost.

Bloom Energy (BE): One of the hottest hydrogen stocks with impressive earnings growth.

Plug Power (PLUG): UBS just initiated a buy rating with a $26 price target.

Hydrogen stocks could be some of the most exciting opportunities on the market. According to the Hydrogen Council, it’s central to reaching net zero emissions and limiting global warming to 1.5 degrees Celsius. In fact, the Inflation Reduction Act includes a tax credit for companies producing it.

According to the International Energy Agency, global hydrogen demand will need to double from about 94Mt in 2021 to more than 180 by 2030. Europe may need to see a six-fold increase in demand by 2050.

So it’s no surprise that some analysts foresee a multi-trillion-dollar hydrogen opportunity.

Goldman Sachs, for example, believes that hydrogen could become a $12 trillion market by 2030.

Bank of America says green hydrogen could be worth more than $11 trillion by 2050.

Morgan Stanley also thinks that hydrogen could become an $11 trillion opportunity.