Hydrogen fuel cell stocks

The best hydrogen fuel cell stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

7 popular hydrogen fuel cell stocks to watch

We round up a selection of stocks in or related to the alternative energy industry, weighting the list more heavily towards popular mid- and large-cap stocks.

1. Plug Power (PLUG)
2. FuelCell Energy (FCEL)
3. Ballard Power Systems (BLDP)
4. Dow (DOW)
5. Air Products and Chemicals (APD)
6. Linde plc Ordinary Shares (LIN)
7. Bloom Energy (BE)

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The hydrogen fuel cell stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering hydrogen fuel cell stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for platforms with research tools

How to invest in hydrogen fuel cell stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like PLUG or FCEL.
5. Place your order. Buy the stock. It's that simple.

Learn more about popular hydrogen fuel cell stocks

We round up a selection of stocks in or related to the alternative energy industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. Plug Power (PLUG)

Plug Power Inc. develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.

• Previous close price: $2.38
• Market capitalization: $2,168,648,960
• 1 year performance: -50.21%

Buy PLUG stock on Interactive Brokers

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2. FuelCell Energy (FCEL)

FuelCell Energy, Inc. , together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.

• Previous close price: $10.04
• Market capitalization: $215,985,600
• 1 year performance: 470.45%

Buy FCEL stock on Interactive Brokers

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3. Ballard Power Systems (BLDP)

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.

• Previous close price: $1.69
• Market capitalization: $509,015,712
• 1 year performance: -55.64%

Buy BLDP stock on Interactive Brokers

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4. Dow (DOW)

Dow Inc. , through its subsidiaries, engages in the provision of various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. The company operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments.

• Previous close price: $40.03
• Market capitalization: $28,066,689,024
• 1 year performance: -28.15%
• P/E ratio: 26.7267

Buy DOW stock on Interactive Brokers

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5. Air Products and Chemicals (APD)

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

• Previous close price: $292.81
• Market capitalization: $65,828,630,528
• 1 year performance: 6.53%
• P/E ratio: 17.1805

Buy APD stock on Interactive Brokers

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6. Linde plc Ordinary Shares (LIN)

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as air separation, hydrogen, synthesis, olefin, and natural gas plants.

• Previous close price: $422.98
• Market capitalization: $202,733,797,376
• 1 year performance: 3.18%
• P/E ratio: 32.2553

Buy LIN stock on Interactive Brokers

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7. Bloom Energy (BE)

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion. It sells its products through direct and indirect sales channels to utilities, data centers, agriculture, retail, hospitals, higher education, biotech, and manufacturing industries.

• Previous close price: $22.90
• Market capitalization: $5,561,253,888
• 1 year performance: 51.76%

Buy BE stock on Interactive Brokers

Buy hydrogen fuel cell stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

Read the full methodology

Related: Compare the best stock trading platforms in Canada

Bottom line

While it's possible to turn a profit investing in hydrogen fuel cell stocks, keep in mind that—like any investment—hydrogen fuel cell stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the alternative energy industry, so carefully vet your picks before you invest. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.