Which FTSE hydrogen stocks can investors look into?

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  • Hydrogen stocks are becoming new favourites for investors due to their high growth potential in future.
  • Industries and governments are now focusing more on green energy.

With the net-zero targets in mind, more and more companies are now focusing on reducing their carbon footprint. It doesn't just benefit the environment but also serves as a great initiative for marketing, as people are now becoming more conscious about the environment. As burning hydrogen doesn't cause pollution, it is largely viewed as a revolutionary fuel.

Moreover, due to the ongoing energy boom, hydrogen stocks are now becoming hot favourites for investors.

In such a situation, stocks of companies engaged in green energy production receive a lot of attention. These companies have reached huge valuations as industries and governments now embrace hydrogen-based energy.

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Along with hydrogen, green hydrogen is also garnering interest. Green hydrogen is made by breaking water into hydrogen and oxygen through renewable electricity.

The hydrogen industry didn't have this popularity until recently, but thanks to the huge participation from businesses, other institutions and governments, it is now among the fastest growing sectors across the globe.

Let us explore three key hydrogen stocks that investors can look at.

AFC Energy plc (LON: AFC)

AFC Energy deals in developing alkaline fuel cells, which use hydrogen to generate electricity. It is a part of the FTSE AIM All-Share index and has a market capitalisation of £183.22 million. Its EPS or earnings per share stand in the negative territory at -0.01. In the past 52 weeks, the share value has declined by over 58%, and the year-to-date or YTD return is -52.45%.

Ceres Power Holdings Plc (LON: CWR)

The AIM-listed engineering company develops fuel cell technology and offers clean energy to homes, businesses, and automobiles. The company expects the revenue and other operating income for the half year to 30 June 2022 to be around £10 million. Over the past year, the stock price has depreciated by over 55%.

Getech Group Plc (LON: GTC)

The company assists in developing a system of hubs for producing and storing hydrogen. It secured US$2.15 million of new contracts in July. The FTSE AIM ALL Share constituent has given shareholders a negative return of -3.60% over the past 12 months, while the YTD return is over -45%. The stock's EPS also stands in negative territory at -0.04. Its market cap is £12.45 million.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


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