7 top hydrogen fuel cell stocks to buy in 2024

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.

Top 7 stocks of Oct 2024

The top alternative energy stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

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)

Our top broker picks

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 of 2024.
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.

Take a deeper dive into hydrogen fuel cell stocks

If you're interested in investing in the alternative energy industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

---

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.

Plug Power stock opened the day at $2.18 after a previous close of $2.15. The latest price was $2.24 (25-minute delay). Plug Power is listed on the NASDAQ, has a trailing 12-month revenue of around USD684.5 million and employs 3,868 staff.

• Market capitalization: $1,873,624,704
• PEG ratio: -0.27

Back to top

---

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.

FuelCell Energy stock opened the day at $0.32 after a previous close of $0.32. The latest price was $0.32 (25-minute delay). FuelCell Energy is listed on the NASDAQ, has a trailing 12-month revenue of around USD$85.3 million and employs 591 staff.

• Market capitalization: $177,756,400
• PEG ratio: -0.12

Back to top

---

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.

Ballard Power Systems stock opened the day at $1.57 after a previous close of $1.52. The latest price was $1.52 (25-minute delay). Ballard Power Systems is listed on the NASDAQ, has a trailing 12-month revenue of around USD$104.3 million and employs 1,173 staff.

• Market capitalization: $478,851,584
• PEG ratio: -3426.67

Back to top

---

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.

Dow stock opened the day at $50.62 after a previous close of $49.70. The latest price was $49.70 (25-minute delay). Dow is listed on the NYSE, has a trailing 12-month revenue of around USD$43 billion and employs 35,900 staff.

• Market capitalization: $36,090,417,152
• P/E ratio: 31.6708
• PEG ratio: 0.5195

Back to top

---

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.

Air Products and Chemicals stock opened the day at $322.75 after a previous close of $318.02. The latest price was $318.02 (25-minute delay). Air Products and Chemicals is listed on the NYSE, has a trailing 12-month revenue of around USD$12.1 billion and employs 20,700 staff.

• Market capitalization: $71,607,336,960
• P/E ratio: 28.0087
• PEG ratio: 1.7406

Back to top

---

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.

Linde plc Ordinary Shares stock opened the day at $475.12 after a previous close of $473.76. The latest price was $473.76 (25-minute delay). Linde plc Ordinary Shares is listed on the NASDAQ, has a trailing 12-month revenue of around USD$32.8 billion and employs 65,987 staff.

• Market capitalization: $227,974,234,112
• P/E ratio: 36.3571
• PEG ratio: 2.6355

Back to top

---

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.

Bloom Energy stock opened the day at $9.30 after a previous close of $9.50. The latest price was $9.50 (25-minute delay). Bloom Energy is listed on the NYSE, has a trailing 12-month revenue of around USD$1.3 billion and employs 2,377 staff.

• Market capitalization: $2,096,698,368
• PEG ratio: 0.9356

Back to top

Check out Finder's picks for the best brokerage accounts

See our list

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. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.