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 Oct 27, 2025 at 3:03 PM | Fact-checked by Frank Bass

Key Points

Green hydrogen emits only water vapor when burned.
Investing in hydrogen stocks offers high growth potential but faces obstacles from high production costs and market volatility.
Leading companies like Air Products, BP, and Plug Power are investing to expand hydrogen use.

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.

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

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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.

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Ticker Information Table
Name and ticker	Market cap	Dividend yield	Industry
Linde (NASDAQ:LIN)	$196.1 billion	1.41%	Chemicals
Bloom Energy (NYSE:BE)	$31.3 billion	0.00%	Electrical Equipment
Plug Power (NASDAQ:PLUG)	$3.3 billion	0.00%	Electrical Equipment
BP (NYSE:BP)	$90.0 billion	5.52%	Oil, Gas and Consumable Fuels
Air Products And Chemicals (NYSE:APD)	$54.0 billion	2.94%	Chemicals
Cummins (NYSE:CMI)	$60.3 billion	1.70%	Machinery
FuelCell Energy (NASDAQ:FCEL)	$289.0 million	0.00%	Electrical Equipment

Data as of Nov 1, 2025.

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NYSE: APD

Air Products And Chemicals

Today's Change

(-0.85%) $-2.07

Current Price

$242.59

Key Data Points

Market Cap

$54B

Day's Range

$239.03 - $244.02

52wk Range

$239.03 - $341.14

Volume

2.2M

Avg Vol

995K

Gross Margin

31.94%

Dividend Yield

0.03%

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NYSE: BP

Today's Change

(1.03%) $0.36

Current Price

$35.13

Key Data Points

Market Cap

$90B

Day's Range

$34.59 - $35.15

52wk Range

$25.22 - $35.88

Volume

5.8M

Avg Vol

6.9M

Gross Margin

15.83%

Dividend Yield

0.06%

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NASDAQ: PLUG

Plug Power

Today's Change

(1.51%) $0.04

Current Price

$2.69

Key Data Points

Market Cap

$3B

Day's Range

$2.56 - $2.72

52wk Range

$0.69 - $4.58

Volume

95M

Avg Vol

104M

Gross Margin

-6864.64%

Dividend Yield

N/A

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NYSE: BE

Bloom Energy

Today's Change

(3.37%) $4.31

Current Price

$132.16

Key Data Points

Market Cap

$31B

Day's Range

$121.30 - $135.01

52wk Range

$10.00 - $144.20

Volume

17M

Avg Vol

13M

Gross Margin

33.24%

Dividend Yield

N/A

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NASDAQ: LIN

Linde

Today's Change

(-2.70%) $-11.61

Current Price

$418.30

Key Data Points

Market Cap

$196B

Day's Range

$414.47 - $426.40

52wk Range

$408.65 - $486.38

Volume

4.1M

Avg Vol

1.8M

Gross Margin

37.24%

Dividend Yield

0.01%

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NYSE: CMI

Cummins

Today's Change

(-0.09%) $-0.41

Current Price

$437.68

Key Data Points

Market Cap

$60B

Day's Range

$436.16 - $443.79

52wk Range

$260.02 - $449.21

Volume

668K

Avg Vol

875K

Gross Margin

25.23%

Dividend Yield

0.02%

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NASDAQ: FCEL

FuelCell Energy

Today's Change

(15.78%) $1.22

Current Price

$8.95

Key Data Points

Market Cap

$0B

Day's Range

$7.73 - $9.20

52wk Range

$3.58 - $13.98

Volume

16M

Avg Vol

3.6M

Gross Margin

-2002.73%

Dividend Yield

N/A

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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.

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@MatthewDiLallo

Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cummins and Oracle. The Motley Fool recommends BP and Linde. The Motley Fool has a disclosure policy.