The shares of companies in the fields of electromobility and solar energy have been the focus of many shareholders for some years now. Hydrogen has not yet achieved a breakthrough as an alternative energy carrier, but the future is promising. In the recent past, hydrogen shares have also been gaining increasing attention and the hydrogen industry has developed into a future trend and growth market.
In this article, we will introduce you to five of the best known and most traded hydrogen stocks.
Plug Power
- Company: Plug Power Inc
- Symbol (TWS): PLUG
- ISIN: US72919P2020
- Stock exchange: NASDAQ
- Country: USA
- Currency: USD
- Market capitalization: USD 15.01 billion
- Sales (TTM) in USD: - 62.1 million
Plug Power repeatedly made the headlines in 2020 and 2021 after the share price rose from less than USD 5 to around USD 75 and then fell back above 50%. Plug Power provides hydrogen fuel cell solutions for the electric mobility and stationary energy markets in North America and Europe. The company supplies customers with hydrogen, builds hydrogen storage systems and hydrogen dispensing systems. Plug Power offers its products to the retail and industrial markets through direct sales, original equipment manufacturers and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
SunHydrogen
- Company: SunHydrogen, Inc
- Symbol (TWS): HYSR
- ISIN: US86738R1086
- Stock exchange: PINK
- Country: USA
- Currency: USD
- Market capitalization: USD 215.11 million
- Sales (TTM) in USD: -
SunHydrogen develops solar-powered nanoparticle systems that mimic photosynthesis to produce hydrogen from water. Founded in 2009 and based in Santa Barbara, California, the company was formerly known as HyperSolar, Inc. and changed its name to SunHydrogen, Inc. in June 2020.
ITM Power
- Company: ITM Power plc
- Symbol (TWS): ITM
- ISIN: GB00B0130H42
- Stock exchange: London Stock Exchange
- Country: Great Britain
- Currency: GBX (Pence Sterling)
- Market capitalization: GBP 2.3 billion / USD 3.2 billion
- Turnover (TTM) in USD: 2.37 million USD
ITM Power develops, manufactures and distributes hydrogen energy systems for the energy storage, transportation and industrial sectors in the UK, Germany, France, Italy, the Netherlands and the USA. The company is also involved in the research and development of scientific and technical projects, the development and manufacture of prototype products and the sale of electrolysis equipment and hydrogen storage solutions. In addition, ITM Power operates 15 hydrogen refueling stations. The company was founded in 2001 and is headquartered in Sheffield, England.
Ballard Power
- Company: Ballard Power Systems Inc
- Symbol (TWS): BLDP
- ISIN: CA0585861085
- Stock exchange: NASDAQ
- Country: USA
- Currency: USD
- Market capitalization: USD 4.67 billion
- Sales (TTM) in USD: 97.61 million
Ballard Power was founded in 1979 and is headquartered in Burnaby, Canada. The company is engaged in the design, development, manufacture, sale and service of fuel cell products. It serves markets for various industries, including: Transit Buses, Rail Vehicles, Critical Infrastructure, Marine, Material Handling, Stationary Power, Trucking and Automotive.
Nel ASA
- Company: Nel ASA
- Symbol (TWS): NEL
- ISIN: NO0010081235
- Stock exchange: Oslo Børs
- Country: Norway
- Currency: NOK
- Market capitalization: USD 24.49 billion
- Sales (TTM) in USD: USD 606.8 million
The hydrogen company Nel ASA, provides various solutions for the production, storage and distribution of hydrogen from renewable energy sources in Norway, the United States, Denmark and South Korea. It operates in two segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The company manufactures hydrogen refueling stations that offer fuel cell electric vehicles the same fast refueling and long range as conventional vehicles. Nel ASA was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. The company was founded in 1927 and is headquartered in Oslo, Norway.
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