15 Best Hydrogen Penny Stocks

Governments and businesses are phasing out fossil fuels to slow global warming. As a result, an investor who begins with a profit has a better chance of becoming wealthy.

We've selected the finest hydrogen penny stocks to buy right now if you're looking to break into the market. Coal and oil are finite resources, energy winds are shifting, and fossil fuels may not be around for much longer.

While solar and wind energy are already well-known to investors, hydrogen's potential is sometimes neglected. Among other environmentally friendly energy applications, fuel cells can be beneficial.

However, which hydrogen stocks are worth investigating further? If you're looking for good hydrogen penny stocks in 2022, look at our list of the best hydrogen penny stocks.

What Can the Clean Energy Sector Expect in 2022?

Market research recently revealed that wind and solar capacity additions totaled over 13.8 GW in the first eight months of 2021, increasing approximately 28% year on year, despite supply chain difficulties affecting total production significantly. The industry's important trends in 2022 will be investments in green hydrogen and shifting supply chain methods. Solar photovoltaic development has also made significant gains in the heart of urban and rural populations, with costs falling by 85 percent over the last decade.

According to S&P Global, US spending on updating and modernizing energy and water infrastructure would exceed $63 billion in 2022. Around $14 billion will be spent on utility-scale renewable energy during the period. In 2022, investments in wastewater utilities are also expected to expand. Interest rates and inflation could alter utility pricing, resulting in a mini-boom for an industry that has seen its Return on Investment fall to the lowest levels in decades after the pandemic.

Is Investing in Hydrogen Penny Stocks a Good Idea?

Hydrogen penny stocks in 2022 are pretty uncertain at the moment. However, as the green energy movement gains traction in the public and private sectors, it is subject to rapid change. As a result, investors should seize this opportunity.

Countries around the world have committed to reducing their greenhouse gas emissions. The United States has committed to reducing CO2 emissions by 50% to 52% over the next few years, while Europe intends to reduce CO2 emissions by 55%. China wants to halt CO2 emissions over the next 40 years.

Commitments to reducing emissions may pave the way for a new era of clean hydrogen energy. After all, the Clean Hydrogen Future Coalition asserts that pure hydrogen can speed the decarbonization of our economy across all sectors.

This is the case in the United States at the moment. For instance, the US Department of Energy (DOE) stated earlier this week that it would invest $52.5 million in projects to create clean hydrogen technologies.

Additionally, some organizations and analysts expect that hydrogen will gain popularity in the future as a green energy source. According to Goldman Sachs and Bank of America, the hydrogen market might be worth $11.7 trillion. Green hydrogen has long been heralded as the 'future fuel' and is a viable alternative fuel that can revolutionize our energy system.

What Attracts Investors to Hydrogen Penny Stocks?

Hydrogen is viewed as a critical component of countries' efforts to reduce emissions from energy use and achieve net-zero emissions by 2050. It is a more affordable and environmentally friendly alternative to natural gas.

Between now and 2030, the UK government has pledged to invest up to £4 billion in hydrogen, including production facilities. The goal is to generate enough hydrogen to replace fossil fuel gas in about 3 million homes for heating and cooking. By 2050, the government hopes that hydrogen will power between 25% and 30% of UK houses. In the United States, President Joe Biden's infrastructure bill includes an $8 billion investment in capturing, transportation, and storage of clean hydrogen.

Numerous firms, large and small, are developing hydrogen technologies, ranging from hydrogen fuel cells and vehicles to hydrogen producers. The attractiveness of trading and investing in these companies stems from their long-term growth potential. If hydrogen becomes a viable alternative fuel source, these equities may have similar upside potential to oil and gas businesses in their infancy decades ago.

15 Best Hydrogen Penny Stocks to Buy Now

1. Westport Fuel Systems (NASDAQ: WPRT)

Westport Fuel Systems Inc. develops, manufactures, and distributes alternative fuel systems and components for global transportation applications.

It works through two segments: Transportation and a joint venture with Cummins Westport Inc. (CWI). The Company provides alternative fuel systems and components, including liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen. As well as independent aftermarket, equipment manufacturers (OEMs) and delayed OEMs, electronics, existing and progressed research and development programs, supply chain, and product planning activities.

Additionally, it offers Westport High-Pressure Direct Injection 2.0, a fully integrated system that uses natural gas to power compression ignition engines, reducing greenhouse gas emissions.

Additionally, the firm develops, sells, and markets spark-ignited natural gas or propane engines for transit, school, and shuttle buses, conventional trucks and tractors, refuse collection trucks, and specialty vehicles such as short-haul port drayage trucks and street sweepers.

Its goods and services are used in passenger automobiles, light, medium, and heavy-duty trucks, and applications involving horsepower, cryogenics, and hydrogen. Westport Fuel Systems Inc. primarily sells its products under Cummins Westport, BRC, Westport, OMVL, Prins, GFI Control Systems, Emer, Zavoli, TA Gas Technology, Valtek, and AFS brand names.

Westport Innovations Inc. was formerly known as Westport Fuel Systems Inc. until June 2016, when it changed its name to Westport Fuel Systems Inc. was established in 1995 and is based in Vancouver, British Columbia.

2. FuelCell Energy, Inc.

FuelCell Energy, Inc. develops, designs, manufactures, installs, and services high-temperature fuel cells for clean electric generation.

It produces turnkey distributed energy solutions and provides comprehensive maintenance services throughout the power plant's life.

The Company's fuel cell technology provides a viable alternative to traditional combustion-based power generation. It complements an energy mix that includes intermittent renewable energy sources such as solar and wind turbines.

It offers solutions for various applications, including utility-scale distributed generation, on-site power generation, combined heat and power generation, distributed hydrogen generation, carbon capture, and hydrogen-based long-term storage.

The Company's platform is unique in its capacity to perform all of these functions while employing a variety of fuel sources, including natural gas, renewable biogas, and propane, among others.

3. Air Products & Chemicals (NYSE: APD)

Air Products & Chemicals (APD) is a Pennsylvania-based firm. However, it operates worldwide, employing over 19,000 people in more than 50 countries. Additionally, Biden's infrastructure bill may prove favorable to investors over time.

APD opened its first hydrogen fueling station in 1993, making it one of the industry's pioneers. Additionally, APD has a 50-year collaboration with NASA. Each space shuttle mission, including the Mercury and Apollo flights, used liquid hydrogen as a propellant. And this creates a once-in-a-generation opportunity for investors.

4. Plug Power (PLUG)

Plug Power designs and manufactures hydrogen-fueled fuel cells that can be used in place of traditional batteries. Fuel cells may be used to power various devices, from tractors, forklifts, and drones to backup generators for data centers. Plug Power has already installed over 50,000 fuel cells, primarily used to power forklifts for businesses such as Amazon, Carrefour, Home Depot, and Walmart.

Plug Power's long-term aim involves the operation of its own environmentally friendly hydrogen reactors and the powering of on-road electric vehicles. It has recently formed collaborations with Renault, a French automaker, and Edison Motors, a Korean electric vehicle manufacturer. The Company anticipates revenue of $900-$925 million in 2022.

Although Plug Power is far from beneficial, it has over $13 billion in market capitalization. PLUG shares have been quite volatile — despite a strong 2020, shares fell 13% in 2021 and another 18% in 2022. Perhaps this is an investment opportunity.

5. Bloom Energy (BE)

Bloom Energy sells on-site energy-generating fuel cell servers based in San Jose, California. According to the business, the servers (which resemble massive freezers) can convert natural gas, biogas, or hydrogen into power without producing significant amounts of carbon. Electricity generation is dependable, continuous (24/7), uninterrupted, environmentally friendly, and sustainable. Bank of America, Coca-Cola, and Google are among Bloom Energy's customers.

Bloom Energy announced plans to manufacture hydrogen-fueled fuel cells and electrolyzers for green hydrogen production in 2020. Additionally, the corporation secured a $4.5 billion power supply deal with South Korea's SK Group. Bloom Energy is also collaborating with Samsung Heavy Industries to develop fuel cell-powered ships.

6. FuelCell Energy (FCEL)

FuelCell Energy, situated in Connecticut, manufactures fuel cell power facilities. Their SureSource plants supply electricity to large energy consumers, including utilities, municipalities, universities, and hospitals. SureSource can convert natural gas or biogas to hydrogen, which can be used to generate electricity and heat or as a transportation fuel.

Depending on the input, the hydrogen produced might be gray or green in color. If natural gas is used as an input, the Company suggests carbon capture to reduce emissions.

Additionally, FuelCell is exploring long-term hydrogen-based energy storage technologies. Long-duration energy storage has the potential to balance out intermittent renewable energy sources such as wind and solar. The Company has a market capitalization of $1.7 billion and expects to generate approximately $70 million in revenue in 2020 and 2021 while remaining unprofitable.

7. AFC Energy Plc (OTCMKTS: AFGYF)

In the United Kingdom and Germany, AFC Energy plc develops and demonstrates alkaline fuel cell devices to create renewable energy. Hydrogen is converted to power using the Company's fuel cell technology.

Hydroxy-Cell (L) systems and stacks, as well as AlkaMemTM, a conductive and durable membrane technology, are available for sale or licensing in ancillary market applications. Additionally, auxiliary equipment like ammonia crackers, water electrolyzers, inverters, battery storage devices, battery management systems, and fuel storage items are available. 

8. First Hydrogen Corp (NASDAQ: FHYDF)

First Hydrogen Corp is a publicly-traded corporation based in the United States specializing in hydrogen energy technology design and development.

Hydrogen storage in metal hydrides, electrolysis systems for water splitting, and photoelectrochemical (PEC) cells are among the Company's technologies.

First Hydrogen's Electric Hybrid Technology significantly outperforms conventional diesel engines now utilized in mines worldwide.

Global investor interest was piqued when the Company completed the first design of its light commercial demonstrator vehicles in the United Kingdom.

These cars will enable First Hydrogen to demonstrate the capabilities of their zero-emission hydrogen vehicle, including range and payload, towing, and refilling time.

Additionally, the organization may gather detailed specifications from clients and secure orders for its bespoke design in the United Kingdom, the European Union, and North America.

9. Ballard Power Systems (BLDP)

Ballard Power Systems' fuel cells provide clean energy and provide energy solutions. As a result, the market price today of BLDP stock is a steal at $15 a share.

Additionally, the Company has proven profitable. Ballard Power's President and CEO, Randy MacEwen, stated:

"We exceeded our revenue target of $17.6 million in Q1, had a gross margin of 15% and concluded the quarter with $1.27 billion in cash reserves. Ballard's activity levels, on the other hand, remained high across the organization, despite the quiet China market in anticipation of future regulatory statements. Indeed, we observed great involvement across industries and client segments on the commercial front."

BLDP has significant upside potential as a stock, considering its strong financial position and foray into public transit. Additionally, investors interested in developing a green energy portfolio may benefit from the low share price.

At the time of publishing, Ian Cooper held no direct or indirect interests (direct or indirect) in any securities covered in this article. InvestorPlace.com, The guidelines for publishing apply to this article because it represents the author's viewpoint.

10. Powertap Hydrogen Capital Corp. (NASDAQ: MOTNF)

Through its wholly-owned subsidiary, PowerTap Hydrogen Fueling Corp., PowerTap Hydrogen focuses on developing hydrogen production and dispensing infrastructure in the United States.

The Company is already commercializing its third-generation blue-hydrogen product, which will satisfy the automotive and long-haul transportation industries' recharging needs.

Recently, Powertap Hydrogen Capital Corp. bought AES (Advanced Electrolyzer System) and formed a cooperation with Viridian Hydrogen UAE, a hydrogen startup situated in the Middle East.

Powertap will leverage this strategic move to spread its technology outside of the United States by assisting in developing a hydrogen highway that will utilize many of the UAE's 643 fuelling stations.

The Company is well-positioned to profit from a rapidly rising market and consequently anticipates promising opportunities for prospective investors.

11. Hydrogen Engine Center (OTCMKTS: HYEG)

Hydrogen Engine Center, Inc. is an alternative energy company that designs and installs energy production systems and engines for various distributive power applications.

Generators and wet-sleeve engines are among the Company's offerings. It serves the power generation, agriculture, airport service vehicles, stranded power, transportation markets, and industrial clients that utilize alternative fuels such as hydrogen, natural gas, anhydrous ammonia, methanol, propane syn-gas, and landfill gas.

12. DuPont de Nemours

Although the Fortune 500 firm is best recognized for its agricultural products and chemical operations, it has also played a critical role in the hydrogen industry. It manufactures PEM fuel cells, which are essential in assisting electrolyzers in maintaining the separation of hydrogen and oxygen during the separation process. DuPont de Nemours entered the fuel cell market for the first time in 2001.

13. Toyo Engineering

Historically, hydrogen has been produced through steam reforming, in which hydrocarbons combine with water. Toyo Engineering is a Japanese company with competence in designing, licensing, and manufacturing steam reformers. Its operations account for more than 10% of global hydrogen production. According to the Company, its technology improves the thermal efficiency of the process, resulting in environmental and economic benefits.

14. Linde

Linde, a German gas and engineering corporation, is widely regarded as a pioneer in the hydrogen transition. Linde has built and deployed over 200 hydrogen electrolysis facilities and hydrogen refueling stations and is the world's largest liquid hydrogen producer and distributor. Linde announced the world's largest PEM (proton exchange membrane) electrolyzer facility in early 2021, with production beginning in the second part of 2022. ITM Power will construct the electrolyzer as part of a cooperative venture between the two companies.

15. Cummins

Cummins, a market leader in natural gas and battery technology, said in May 2021 that it would supply Spain with one of the largest electrolyzers in the world. It is a joint venture between itself and Iberdrola that aims to lead the hydrogen value chain in both the country and Portugal and scale-up regional hydrogen production activities. Cummins is also expanding its capabilities to support the entire hydrogen economy, which includes fuel cell technology in a variety of applications, including buses and trucks. Cummins purchased Hydrogenics at the end of 2019 to expand its expertise in hydrogen fuel cells and create new manufacturing technologies.

Conclusion

The correct hydrogen stock may be an attractive investment opportunity as we work toward net-zero emissions by 2050. Hydrogen fuel cell automobiles and trucks, on the other hand, are still in their infancy in the United States, Europe, and Asia.

Although it cannot wholly replace internal combustion engines due to the exact mechanism, it is a more affordable and ecologically friendly alternative to natural gas.

It makes sense to assume that any company that successfully produces green hydrogen energy consistently will benefit significantly from the market. Although this industry has faced growing difficulties in the past, not all businesses will thrive, so do your study before investing.