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2 Hydrogen Stocks To Watch In Late-April 2024

Let’s explore these two hydrogen stocks to watch in the stock market today.

hydrogen stocks

The hydrogen sector is gaining traction as a key player in the transition to clean energy. Hydrogen, particularly green hydrogen produced from renewable energy sources, offers a potential solution for decarbonizing industries that are hard to electrify, such as transportation, chemicals, and steel. This emerging sector presents investors. With opportunities in companies focused on hydrogen production, storage, and fuel cell technology. Which are essential for using hydrogen as an energy carrier.

Investing in hydrogen stocks comes with significant potential benefits and risks. On the positive side, the push for cleaner energy solutions and government incentives could drive substantial growth in the hydrogen market, benefiting companies within the sector. However, the hydrogen industry is still in its developmental stages, with high costs and technological challenges remaining as substantial barriers. Additionally, the sector’s growth is highly dependent on policy support and the broader adoption of hydrogen technologies, which adds layers of uncertainty for investors.

Overall, while the hydrogen sector presents exciting prospects for future growth driven by environmental policies and advancements in technology, it also requires investors to consider the inherent risks and volatility associated with a nascent market. This makes it important for investors to conduct thorough research and consider their long-term investment strategy when engaging with hydrogen stocks. If this has you keen on investing in the hydrogen sector, here are two blue-chip hydrogen stocks to watch in the stock market today.

Hydrogen Stocks To Buy [Or Sell] Right Now

Linde plc (LIN Stock)

To initiate, Linde plc (LIN) is a global industrial gases and engineering company. Linde produces and distributes atmospheric gases such as oxygen, nitrogen, and argon. Along with process gases like hydrogen and carbon dioxide for various industries. This includes healthcare, petroleum refining, and manufacturing.

This month, Linde plc announced a new project by its subsidiary White Martins to expand green hydrogen production in Brazil. The new five-megawatt electrolyzer, located in Jacareí, São Paulo, will use renewable energy to produce certified green hydrogen. Set to start in 2025, it will supply hydrogen to Cebrace for reducing emissions and meet other industrial demands.

Looking at the last six months of trading, shares of LIN stock have increased by 21.56%. Moreover, on Thursday morning, Linde stock opened modestly lower by 0.35%, currently trading at $442.74 a share.

Source: TradingView

[Read More] 2 Telecom Stocks To Watch In The Stock Market Today

Air Products and Chemicals (APD Stock)

Next up, Air Products and Chemicals Inc. (APD) is a U.S. industrial gases company. The company specializes in the production of atmospheric gases, process gases, and specialty gases used across a wide range of industries. For example, refining, chemical, metals, electronics, and manufacturing. Additionally, Air Products is also at the forefront of the hydrogen energy sector. The company develops technologies to produce and distribute hydrogen for clean energy applications and fuel cell vehicles.

This week, Air Products announced plans to establish a network of commercial-scale multi-modal hydrogen refueling stations between Edmonton and Calgary, Alberta. The initiative, supported by Canadian government grants, aims to develop a “hydrogen highway” to facilitate the adoption of hydrogen-powered vehicles in Western Canada. Scheduled to start operations in 2025, this network will cater to both heavy-duty and light-duty vehicles, enhancing access to clean energy alternatives along one of the busiest corridors in Alberta.

In the last six months, shares of APD stock have fallen by 14.53%. Meanwhile, on Thursday morning, Air Products and Chemical’s stock opened down by 0.27%, currently trading at $234.29 a share.

Source: TradingView

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By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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