7 Hydrogen Stocks to Watch

A look at some of the leading hydrogen energy stocks investors should keep an eye on in the coming year.

By Matthew DiLallo – Updated Nov 7, 2025 at 5:43 PM | Fact-checked by Frank Bass

Key Points

Hydrogen is a clean energy source with only water vapor as waste, potentially replacing fossil fuels.
Investing in hydrogen stocks requires understanding the risks and market volatility in this emerging sector.
Leading companies like Air Products are investing heavily in global hydrogen projects, signaling growth.

Hydrogen stocks are publicly traded companies seeking to capitalize on the enormous potential of hydrogen. This energy source emits no greenhouse gases when burned. The only waste product is water vapor, making it a cleaner energy source than fossil fuels such as natural gas, oil, and coal. These features make it a potential future source of lower-carbon energy.

Loading paragraph...

A hydrogen energy storage system near solar panels. — Image source: Getty Images.

Loading paragraph...

Carbon Credits

Carbon credits are tradeable permits that grant permission to emit a specific quantity of carbon dioxide or other greenhouse gases.

Similar to batteries: Hydrogen fuel cells work much like batteries, generating electricity through an electrochemical reaction. However, hydrogen fuel cells are refueled with more hydrogen rather than being recharged like a traditional battery.
Multiple current uses: Hydrogen fuel cells already have many uses. They're found in many motorized vehicles (e.g., cars, trains, buses, maritime vessels, and trucks) and also serve as a stationary power source.
Massive market opportunity: Hydrogen has vast potential as a replacement fuel. It could one day replace natural gas in the pipeline system to generate electricity at power plants and as a fuel source for our homes. Due to its potential, some forecasts peg the future value of the clean hydrogen market as high as $11 trillion.
Costs: Although clean hydrogen holds great promise as a potential emissions-free fuel source, it's costly to produce. It costs as little as $1.50 per kilogram to produce hydrogen from natural gas and between $3 and $12 per kilogram to produce clean hydrogen. The U.S. Department of Energy wants to reduce the cost of clean hydrogen to $1 per kilogram over the next decade to make it a more competitive fuel source.

Loading paragraph...

Ticker Information Table
Name and ticker	Market cap	Dividend yield	Industry
Linde (NASDAQ:LIN)	$196.4 billion	1.40%	Chemicals
Bloom Energy (NYSE:BE)	$32.9 billion	0.00%	Electrical Equipment
Plug Power (NASDAQ:PLUG)	$3.2 billion	0.00%	Electrical Equipment
BP (NYSE:BP)	$95.0 billion	3.93%	Oil, Gas and Consumable Fuels
Air Products And Chemicals (NYSE:APD)	$57.5 billion	2.76%	Chemicals
Cummins (NYSE:CMI)	$66.9 billion	1.54%	Machinery
FuelCell Energy (NASDAQ:FCEL)	$244.2 million	0.00%	Electrical Equipment

Data as of Nov 11, 2025.

Loading ticker_table...

Loading paragraph...

NYSE: APD

Air Products And Chemicals

Today's Change

(1.47%) $3.80

Current Price

$262.23

Key Data Points

Market Cap

$58B

Day's Range

$257.91 - $265.08

52wk Range

$235.55 - $341.14

Volume

1.1M

Avg Vol

1.1M

Gross Margin

31.47%

Dividend Yield

0.03%

Loading company_card...

Loading paragraph...

NYSE: BP

Today's Change

(0.62%) $0.23

Current Price

$37.35

Key Data Points

Market Cap

$95B

Day's Range

$37.23 - $37.64

52wk Range

$25.22 - $37.64

Volume

6.2M

Avg Vol

6.7M

Gross Margin

16.53%

Dividend Yield

0.04%

Loading company_card...

Loading paragraph...

NASDAQ: PLUG

Plug Power

Today's Change

(-1.17%) $-0.03

Current Price

$2.53

Key Data Points

Market Cap

$3B

Day's Range

$2.36 - $2.73

52wk Range

$0.69 - $4.58

Volume

163M

Avg Vol

111M

Gross Margin

-6864.64%

Dividend Yield

N/A

Loading company_card...

It's one of the world's largest hydrogen buyers and operates a leading hydrogen refueling network in North America with more than 275 fueling stations. Plug Power is building an end-to-end green hydrogen network to produce, store, and deliver the fuel across North America and Europe.

In late October 2025, Plug Power expanded its partnership with Allied Biofuels in Uzbekistan to deploy as much as 2 gigawatts (GW) of its GenEcon electrolyzers. That deal builds on a 3 GW agreement in Australia.

Loading paragraph...

NYSE: BE

Bloom Energy

Today's Change

(-8.87%) $-12.35

Current Price

$126.88

Key Data Points

Market Cap

$33B

Day's Range

$125.56 - $136.94

52wk Range

$12.78 - $147.86

Volume

414K

Avg Vol

14M

Gross Margin

33.24%

Dividend Yield

N/A

Loading company_card...

Loading paragraph...

NASDAQ: LIN

Linde

Today's Change

(1.37%) $5.75

Current Price

$426.42

Key Data Points

Market Cap

$196B

Day's Range

$422.10 - $428.34

52wk Range

$408.65 - $486.38

Volume

71K

Avg Vol

Gross Margin

37.66%

Dividend Yield

0.01%

Loading company_card...

Loading paragraph...

NYSE: CMI

Cummins

Today's Change

(-1.72%) $-8.33

Current Price

$476.01

Key Data Points

Market Cap

$67B

Day's Range

$472.83 - $484.84

52wk Range

$260.02 - $484.84

Volume

796K

Avg Vol

861K

Gross Margin

25.20%

Dividend Yield

0.02%

Loading company_card...

Loading paragraph...

NASDAQ: FCEL

FuelCell Energy

Today's Change

(-2.25%) $-0.17

Current Price

$7.39

Key Data Points

Market Cap

$0B

Day's Range

$6.98 - $7.52

52wk Range

$3.58 - $13.98

Volume

1.3M

Avg Vol

3.9M

Gross Margin

-2002.73%

Dividend Yield

N/A

Loading company_card...

Loading paragraph...

Investing in Energy Stocks

The economy needs energy across sectors to run smoothly, making these companies potential buys.

Top Renewable Energy Dividend Stocks

Going green is the future of energy. And investing here means you can see some green, too.

Top Oil ETFs of 2025

Take a look at some of this year's top-performing oil ETFs and consider whether they deserve a spot in your portfolio.

Investing in Oil Stocks That Pay Dividends

These strong dividend stocks could make your portfolio strike it rich.

Loading paragraph...

Loading faq...

About the Author

Matt DiLallo has been a contributing Motley Fool stock market analyst specializing in covering dividend-paying companies, particularly in the energy and REIT sectors, since 2012. He also covers pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.

TMFmd19

@MatthewDiLallo

Matt DiLallo has positions in Brookfield Asset Management. The Motley Fool has positions in and recommends Brookfield Asset Management and Cummins. The Motley Fool recommends BP and Linde. The Motley Fool has a disclosure policy.