Hydrogen ExcitementLately, my inbox frequently contains information about the benefits of hydrogen. It seems to have more visibility now than in the past. Yet, I struggle to find a company whose stock reflects the same excitement as the notices in my inbox. Are there any companies who are benefitting from all the excitement that seems to surround hydrogen generation and storage?
Dave Reamer
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I remember reading not long ago that Toyota will be producing a portion of their fleet in Hydrogen Fuel Cell capability for the California market. So, not a huge projected boom in their global ambitions but if you backtrack their partners… from there you might find some activity.
Thanks for that information. I do read about Toyota and other auto manufacturers becoming more involved in Hydrogen use; I read of government contracts with companies for hydrogen use; there are articles showing cities using hydrogen powered vehicles for city use. But I can’t find a rising stock price to accompany those enlightening articles.
So far the only companies that are particularly viable in hydrogen seem to be the big chemical and industrial gas firms, like Linde (LIN)… but usually the hype goes to the little promotional companies in hydrogen fuel cells, Ballard and Plug Power, that have gone through several cycles of hype and despair in the past, without much to show for it unless you sold near the speculative peaks. Good article on Linde’s Hydrogen work last year in Barron’s: https://www.barrons.com/articles/buy-linde-stock-price-pick-51675381732?mod=md_stockoverview_news
There’s even a “next gen hydrogen” ETF from Defiance (HDRO), so you can check their holdings for some of the other oft-promoted names in the fuel cell space… but HDRO has also been pretty much a disaster since it launched in 2021.