As the concept of climate change is becoming common, the global economies are trying hard to adopt clean and green energy sources. The developed countries have already come up with plans to ditch conventional and pollution making non-renewable energy sources to avert climate change and maintain a consistent and sustainable economic growth. According to researchers, hydrogen fuel cells are one of the top clean energy sources in the world. Do you know what is unique about hydrogen fuel cells? They use hydrogen by extracting it from water for continuous power generation. These cells use chemical energy for power generation. Due to this unique feature and the pursuit to go clean and green, the hydrogen fuel cell stocks emerged on global stock exchanges. As per a research report, the market size of hydrogen fuel cells is expected to grow by a whopping $13.7 billion till year 2026. Currently, this ratio has been recorded at $2.5 billion during 2020. The prominent growth catalyst for hydrogen fuel stock is the electric vehicles. Another report claims that the electric vehicles industry is likely to reach a $15 billion mark till 2027. In the below paragraph, we have discussed some of the Top 5 Best Hydrogen Fuel Cell Stocks for 2021 as shared by Insider Monkey.
Cummins Inc. is a global manufacturer of engines and fuel systems. In November 2020, the company partnered with Navistar International to manufacture a hydrogen-powered Class 8 truck. The US Department of Energy will be funding partially for this project. According to CMI, “Based on the 3.5GW of Industry Electrolyzer sales, the company’s Cummins Electrolyzer business expects a $400 million revenue in the year 2025 and to provide 100 green trains powered by its fuel cell systems within the same year. Just so you know, 1 kilogram of hydrogen is equivalent to 3 kilograms of diesel in terms of energy.” Another popular company is Air Products & Chemicals, Inc. It is headquartered in Pennsylvania and is engaged in production and selling of industrial gases and chemicals for industrial uses. This company is considered as one of the pioneers in the field of hydrogen fuel. Way back in 1993, this company inaugurated its first hydrogen fueling station. Aaron Cowen’s Suretta Capital Management currently owns 470,440 shares in Air Products & Chemicals, Inc. Read more about other companies at 10 Best Hydrogen Fuel Stocks To Buy Now.
