La vendita allo scoperto per Global X Hydrogen ETF dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Global X Hydrogen ETF. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Global X Hydrogen ETF (NASDAQ:HYDR), Report sulle vendite allo scoperto

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Basic Materials

The Fund invests at least 80 percent of its total assets, plus borrowings for investment purposes (if any), in the securities of the Solactive Global Hydrogen Index (the Underlying Index) and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Underlying Index. Solely for purposes of complying with this policy, the Fund only views securities issued by Hydrogen Companies and Pre-Revenue Hydrogen Companies (both as defined below) as satisfying this criterion. The Funds 80 percent investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.

Nel Asa

Bloom Energy Corporation Com Cl A

Plug Power Inc

Ballard Power Systems, Inc.

Ceres Power Holdings Plc

Doosan Fuel Cell Co Ltd

Fuelcell Energy Inc.

Powercell Sweden Ab

Global X Hydrogen ETF

Hydra

HYDROGENETICS INC by Hydrogenetics Inc.

Hydration - United States Dollar

HYDREIGHT TECHNOLGIES INC by Hydreight Technologies Inc

Hydreight Technologies Inc

Hydro One Ltd

HYDRO POWER TECHS INC by Hydro Power Technologies, Inc.

Hydro Power Technologies Inc

HYDROCARBON DYNAMICS LTD by Hydrocarbon Dynamics Ltd.

Hydrocarbon Dynamics Ltd

Hydrofarm Holdings Group, Inc. - Common Stock

Hydrofarm Holdings Group Inc

HYDROGEN ENGINE CTR INC by Hydrogen Engine Center, Inc.

Hydrogen Engine Center Inc

HYDROGEN HYBRID TECHS INC by Hydrogen Hybrid Technologies, Inc.

Hydrogen Hybrid Technologies Inc

HYDROGEN UTOPIA INTL PLC by Hydrogen Utopia International PLC

Hydrogen Utopia International PLC

HydrogenPro ASA

Hydrograph Clean Power Inc

HYDROGRAPH CLEAN PWR INC by HydroGraph Clean Power Inc.

Hydromer Inc

Wedbush analyst Daniel Ives maintains Consensus Cloud Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) with a Outperform and raises the price target from $24 to $32.

News

Price Target

Analyst Ratings

CCSI

Wedbush Maintains Outperform on Consensus Cloud Solns, Raises Price Target to $32

Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) analysts are cautious on the short-term outlook for the electric vehicle company with supply chain concerns, after the company missed third-quarter revenue and <a href="https://www.benzinga.com/news/earnings/24/11/41825787/rivian-q3-earnings-highlights-revenue-eps-miss-ceo-confident-in-q4-gross-profit-r2-being-fundamenta">earnings per share estimates.</a>
The Rivian Analysts: 
<ul>
<li>Truist analyst Jordan Levy maintained a Hold rating on Rivian with a $12 price target.</li>
<li>Wedbush analyst Daniel Ives maintained an Outperform rating with a $20 price target.</li>
<li>Needham analyst Chris Pierce reiterated a Buy rating and lowered the price target from $18 to $14.</li>
<li>Piper Sandler analyst Alexander Potter maintained an Overweight rating and lowered the price target from $21 to $19.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/equities/24/11/41832998/rivian-draftkings-block-pinterest-and-tesla-why-these-5-stocks-are-on-investors-radars-today">Rivian, Draftkings, Block, Pinterest, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>
Truist on RIVN: Proof of profitability for Rivian's R1 vehicle may be necessary to instill confidence in the R2 launch, Levy said in a new investor note.
"RIVN's third quarter results were mired by the company's previously reported component shortage, though a significant expected 4Q uptick in regulatory credit sales + realization of cost-down from Gen 2 models enabled the company to reiterate its 4Q positive GM (gross margin) target," Levy said.
The analyst said Rivian needs to demonstrate consistent profitability to help investors gain confidence.
Rivian's tailwind of resolving supply chain issues was not a surprise to investors, Levy added.
"While we are incrementally positive on the timeline reiteration for R2, we see the recent election results and the incoming administration being an overhang over the entire domestic EV market for the time being given the uncertainty."
Wedbush on RIVN: The electric vehicle company made progress and saw strong demand in the third quarter, but Ives said in a new investor note that there is more work ahead.
Ives said Rivian took two steps forward but one step back as the supply chain challenges hurt the company's plan to ramp up production.
"Rivian did not anticipate such large supply ramp challenges this quarter, however, it should be well sorted over the next few quarters as the company is still on track in terms of timing the R2 production launch," Ives said.
A supply partnership announced with LG on Thursday and the pending launch of the Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) joint venture are "critical pieces" for the future of Rivian, Ives added.
"Although we still remain confident in the long-term Rivian vision, it will take some serious strides for the company to regain trust in the short-term vision in the eyes of the Street."
Needham on RIVN: Scale and margins are bearish talking points for the Rivian story, Pierce said in a new investor note.
"We continue to view RIVN as a long-term winner in the eventual ICE to EV transition, leaning on its ability to create a brand and produce vehicles that drive high levels of customer passion and satisfaction," Pierce said.
The analyst said R2 production enhancements are the key focus for 2025 with R2 production set to begin in the first half of 2026. Vehicle profitability for the R2 is expected to be reached faster than the R1 and will be a key factor to watch, the analyst added.
The analyst also highlighted a joint venture with Volkswagen expected to close in the fourth quarter.
"RIVN's balance sheet has been significantly strengthened the Volkswagen announcement, removing any additional equity needs vs our prior model, allowing for a higher level of investor patience."
Piper Sandler on RIVN: The third-quarter results and commentary had no surprises, leading to increasing importance for the joint venture with Volkswagen closing as the next catalyst, Potter said in a new investor note.
"The stock has faltered recently, partially due to slower production, and partially (in our view) because a JV with Volkswagen has yet to be finalized," Potter said.
The analyst said the joint venture terms could continue to be a story in the coming weeks and could see Rivian's valuation expand.
"We will review our model once the JV terms are announced."
RIVN Price Action: Rivian stock is down 0.48% to $10.00 on Friday, versus a 52-week trading range of $8.26 to $24.62. Rivian stock is down 51% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41784487/rivian-lucid-stocks-sink-after-trump-win-whats-driving-bearish-move">Rivian, Lucid Stocks Sink After Trump Win: What&#8217;s Driving Bearish Move?</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Reiteration

Trading Ideas

RIVN

VWAGY

Rivian Stock 'Long-Term Winner' In Gas-To-Electric Transition: Analyst

DraftKings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) stock initially traded lower on Friday but reversed course and began moving higher after the company reported third-quarter earnings and lowered its guidance for the 2024 fiscal-year after the bell <a href="https://www.benzinga.com//node/41826834">on Thursday</a>.
The Details: In the report, DraftKings reported a loss of 17 cents per share, beating analyst estimates of a loss of 42 cents per share. Furthermore, the company reported sales of $1.09 billion, missing analyst estimates of $1.11 billion. The reported sales figure represents a 38.6% year-over-year increase.
The company announced an increase in Monthly Unique Payers (MUPs) to 3.6 million, a growth of 55% year-over-year. It also reported Average Revenue per MUPs (ARPMUP) of $103, a 10% decrease compared to the same period last year.
&#8220;We achieved healthy results across our core value drivers in the&nbsp;third quarter&nbsp;with efficient customer acquisition and promotional reinvestment as well as improvement in our structural sportsbook hold percentage,&#8221; said Alan Ellingson, DraftKings&#8217; CFO. 
DraftKings revised its outlook for the 2024 fiscal-year. Specifically, it lowered its revenue guidance from between $5.05 billion and $5.25 billion to between $4.85 billion and $4.95 billion versus analyst estimates of $5.13 billion.
The company also introduced guidance for the 2025 fiscal-year. It anticipates revenue between $6.2 billion and $6.5 billion and adjusted EBITDA between $900 million and $1.0 billion.
Related Link: <a href="https://www.benzinga.com/news/24/11/41808861/whats-going-on-with-palantir-stock-thursday">What&#8217;s Going On With Palantir Stock Thursday?</a>
DKNG Price Action: At the time of publication, DraftKings shares are moving 5.05% higher at $40.95 , according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Movers

DKNG

What's Going On With DraftKings Stock Friday?

BMO Capital analyst Tamy Chen maintains Lion Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEV#NYSE">LEV</a>) with a Market Perform and lowers the price target from $0.8 to $0.6.

BMO Capital Maintains Market Perform on Lion Electric, Lowers Price Target to $0.6

BMO Capital analyst James Thalacker maintains Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Outperform and lowers the price target from $298 to $291.

BMO Capital Maintains Outperform on Constellation Energy, Lowers Price Target to $291

Avantor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) short percent of float has fallen 7.92% since its last report. The company recently reported that it has 33.09 million shares sold short, which is 4.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Avantor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731080721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Avantor has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Avantor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avantor's peer group average for short interest as a percentage of float is 5.22%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

AVTR

(AVTR) - Analyzing Avantor's Short Interest

Centrus Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) short percent of float has risen 9.67% since its last report. The company recently reported that it has 2.01 million shares sold short, which is 12.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Centrus Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731080716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Centrus Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Centrus Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Centrus Energy's peer group average for short interest as a percentage of float is 6.89%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Centrus Energy's Recent Short Interest

ASP Isotopes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NYSE">ASPI</a>) short percent of float has risen 3.67% since its last report. The company recently reported that it has 9.93 million shares sold short, which is 20.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 12.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ASP Isotopes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731080712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ASP Isotopes has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing ASP Isotopes's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ASP Isotopes's peer group average for short interest as a percentage of float is 5.43%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ASPI

Peering Into ASP Isotopes's Recent Short Interest

BMO Capital analyst Etzer Darout reiterates Xencor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNCR#NASDAQ">XNCR</a>) with a Outperform and raises the price target from $32 to $34.

XNCR

BMO Capital Reiterates Outperform on Xencor, Raises Price Target to $34

BMO Capital analyst John Gibson maintains Source Energy Services (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SHLE#TSX">SHLE</a>) with a Market Perform and raises the price target from C$14 to C$16.

TSX:SHLE

BMO Capital Maintains Market Perform on Source Energy Services, Raises Price Target to C$16

The University of Michigan&#8217;s widely followed consumer survey showed Friday that confidence hit a six-month high in November, driven by an optimistic future outlook <a href="https://www.benzinga.com/topic/inflation">and stable inflation expectations.</a>
<h3 class="wp-block-heading">November Consumer Sentiment Report: Key Highlights</h3>
<ul>
<li>The consumer sentiment index rose from 70.5 in October to 73 points in November, marking a 3.5% monthly surge and surpassing economist estimates – as tracked by TradingEconomics – of 71, preliminary estimates from the University of Michigan showed.</li>
<li>The sub-index for consumer expectations increased from 71.1 to 78.5 points, marking the highest level since July 2021.</li>
<li>The sub-index for current conditions eased from 64.9 to 64.4. </li>
<li>The year-ahead inflation expectations fell from 2.7% to 2.6%, the lowest since December 2020. Long-term inflation expectations inched slightly higher from 3% to 3.1%.</li>
</ul>
<h3 class="wp-block-heading">Economist Takeaways</h3>
The expectations index surged across all dimensions, reaching its highest reading since July 2021. 
&#8220;Expectations over personal finances climbed 6% in part due to strengthening income prospects, and short-run business conditions soared 9% in November. Long-run business conditions increased to its most favorable reading in nearly four years,&#8221; said University of Michigan&#8217;s Surveys of Consumers Director Joanne Hsu. 
Consumer sentiment is now roughly 50% higher than its June 2022 low, but remains below pre-pandemic readings, Hsu said. She added that interviews for the release concluded Monday and do not include reactions to the presidential election. 
<h3 class="wp-block-heading">Market Reactions</h3>
Stocks were little moved Friday, with major U.S. equity indices hovering broadly around the flatline during New York morning trading.
Small caps, tracked by the iShares Russell 2000 ETF (ARCA: IWM, inched 0.3% higher.
Real estate and utilities were the best performing sectors, up 1.3% and 1.2%, respectively. 
Treasury yields continued to fall on Friday, with the 10-year yield down by 5 basis points. As such, long-dated bond ETFs rallied, with the iShares 20 + Year Treasury bond ETF (NASAQ: TLT) rallied 1.3%. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41826586/wall-street-closes-at-record-highs-after-reassurance-from-powell-magnificent-7-hit-17-trillion-tre">Wall Street Hits Record Highs After Powell&#8217;s Speech, Lifts Magnificent 7 Stocks To $17 Trillion In Historic Trading</a></li>
</ul>
Photo via Shutterstock.

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

Economics

Markets

Tech

ETFs

iShares Trust Barclays 20+ Year Treasury Bond Fund

US Consumer Sentiment Rises More Than Predicted To 6-Month Highs, Inflation Expectations Hit 4-Year Low

Wedbush analyst Taz Koujalgi maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $36 to $41.

Wedbush Maintains Neutral on RingCentral, Raises Price Target to $41

Shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) are up 5% this week, trading at $148.83 Friday morning. The stock has gained following Donald Trump's victory in the <a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">2024 U.S. presidential election</a>. 
Trump's return to the White House and a Republican-controlled Senate signal a shift in U.S. economic policy, potentially raising investor optimism around benefits for the semiconductor industry.
What To Know: One driver behind AMD's stock uptick is anticipation of Trump's <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy"> tax policies</a>, which include expanded corporate tax cuts. Analysts predict that lower corporate tax rates could boost AMD's profitability, freeing up capital for reinvestment in its advanced semiconductor production and R&amp;D efforts.
Investors see these policies as advantageous for tech manufacturers like AMD, which face rising costs in developing next-generation chips for data centers, artificial intelligence, and consumer electronics.
Additionally, Trump&#8217;s aggressive trade stance, particularly his focus on tariffs to encourage U.S. manufacturing, could bolster domestic production incentives, a benefit for AMD, which relies on both U.S. and global supply chains.
Read Also: <a href="https://www.benzinga.com/insights/short-sellers/24/11/41781031/peering-into-advanced-micro-devicess-recent-short-interest">Peering Into Advanced Micro Devices&#8217;s Recent Short Interest</a>
What Else: However, while a protectionist stance may reduce competition from foreign manufacturers, there's concern that high tariffs, especially a proposed 60% levy on Chinese imports, could disrupt AMD's supply chain and lead to higher component costs. 
If implemented, these tariffs could impact AMD's pricing flexibility and competitiveness, especially if China retaliates by limiting access to critical raw materials or manufacturing capacity. Still, the prospect of increased U.S. subsidies and lower tax rates under Trump's administration offers short-term optimism for AMD's growth trajectory. 
Analysts caution, however, that long-term challenges persist, including potential inflationary pressures and a volatile trade environment that could strain AMD's cost structure and profitability.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41843928/bitcoin-etfs-saw-record-1-38-billion-inflows-on-thursday">Bitcoin ETFs Saw Record $1.38 Billion Inflows On Thursday</a>
<h2 class="wp-block-heading">How To Buy AMD Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Advanced Micro Devices&#8217; case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, AMD has a 52-week high of $227.30 and a 52-week low of $113.06.

What's Going On With AMD Stock This Week?

BMO Capital analyst Juan Sanabria maintains Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) with a Market Perform and raises the price target from $17 to $17.5.

ROIC

BMO Capital Maintains Market Perform on Retail Opportunity, Raises Price Target to $17.5

CleanSpark Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares are trading higher by 35% to $13.57 this week. Shares of crypto-related stocks are trading higher this week amid strength in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which reached an all-time high during the U.S. presidential election.
Additionally, CleanSpark announced it <a href="https://www.benzinga.com/pressreleases/24/11/n41714046/cleanspark-releases-october-2024-bitcoin-mining-update">mined 655 bitcoins</a> in October, marking a 32% increase compared to the previous month. As of October 31, the company&#8217;s total bitcoin holdings stood at 8,701.
What To Know: CleanSpark, a bitcoin mining company, benefits directly from Bitcoin&#8217;s performance due to its extensive mining operations, which generate revenue from accumulating and trading the cryptocurrency.
Bitcoin's surge to an all-time high of $75,358 earlier this week has drawn investors to companies with <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41775353/bitcoin-hits-new-all-time-high-as-donald-trump-wins-second-term-what-now">significant crypto exposure</a>, like CleanSpark. With President-elect Donald Trump expected to appoint crypto-friendly regulators, the market anticipates favorable policy shifts, potentially lowering operational costs and enhancing profitability for CleanSpark. 
Trump&#8217;s pro-crypto administration also aligns well with CleanSpark's recent growth strategy, which includes increasing its energy-efficient mining capacity to capitalize on rising Bitcoin demand.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41843182/fed-cuts-rates-but-inflation-remains-elephant-in-the-room">Fed Cuts Interest Rates, But Inflation Remains Elephant In The Room</a>
<h2 class="wp-block-heading">How To Buy CLSK Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Cleanspark&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, CLSK has a 52-week high of $24.72 and a 52-week low of $3.46.

$BTC

CLSK

Why Bitcoin-Related Stock CleanSpark Is Up 35% This Week

Wedbush analyst Daniel Ives reiterates Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) with a Outperform and maintains $20 price target.

Wedbush Reiterates Outperform on Rivian Automotive, Maintains $20 Price Target

SBET

SharpLink Gaming Shares Halted On Circuit Breaker To The Downside, Stock Now Up 36%

BMO Capital analyst Jeremy Mccrea maintains Parex Resources (TSX:<a class="ticker" href="https://www.benzinga.com/stock/PXT#TSX">PXT</a>) with a Market Perform and raises the price target from C$13 to C$14.

TSX:PXT

BMO Capital Maintains Market Perform on Parex Resources, Raises Price Target to C$14

BMO Capital analyst Jeremy Mccrea maintains Kiwetinohk Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/KEC#TSX">KEC</a>) with a Outperform and raises the price target from C$18 to C$20.

TSX:KEC

BMO Capital Maintains Outperform on Kiwetinohk Energy, Raises Price Target to C$20

Wedbush analyst Scott Devitt maintains Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Neutral and raises the price target from $130 to $180.

EXPE

Wedbush Maintains Neutral on Expedia Group, Raises Price Target to $180

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The hydrogen industry is still waiting on the Biden-Harris Administration to loosen restrictive 45V tax credits. And from the looks of it, industry executives are quickly starting to run thin on patience. 



&ldquo;The pace of change is starting to impact project development,&rdquo; according to&nbsp;Rushabh Shah, director of U.S. Midwest Hydrogen and CCS at BP, as <a href="https://www.eenews.net/articles/clean-hydrogen-industry-slams-pace-of-biden-tax-rules/">quoted by E&amp;E News</a>. However, if and when the 45V tax issue is resolved, some of the top <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a> to buy could easily explode higher.



Plus, the Biden Administration could get one step closer to cutting emissions, as hoped. Remember, hydrogen &ndash; which only produces water vapor and warm air &ndash; is a key part of helping the U.S. achieve its net-zero emission goals.&nbsp;



Again, with hopes that 45V will be loosened, investors can use hydrogen stock weakness as an opportunity to buy. So, let&rsquo;s examine a few of the top hydrogen stocks that investors may want to consider buying today.



<h2>Air Products and Chemicals (APD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div><a href="https://investorplace.com/2024/03/from-six-figures-to-seven-3-hydrogen-stocks-set-to-make-millionaires/">On March 18, I said</a>, &ldquo;I&rsquo;d like to see&nbsp;Air Products and Chemicals&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/apd-stock-quote/">APD</a>)&nbsp;refill its bearish gap around $260 initially. From there, it could easily test $272 as the hydrogen story gains momentum. As we wait for the stock to recover, we can collect its dividend of $1.77.&rdquo;



At the time, APD traded at $243. Today, after testing a high of $286.61, it&rsquo;s back to $272.26, where it&rsquo;s again an opportunity. Also, as investors wait for APD to test higher highs, they can collect its current yield of 2.58%. Plus, if you own the stock by July 1, you can collect its latest dividend of $1.77 by Aug. 12.



Also, APD is getting a boost after signing a <a href="https://www.reuters.com/sustainability/climate-energy/totalenergies-air-products-sign-deal-green-hydrogen-delivery-2024-06-07/">15-year agreement to deliver about 70,000 tons </a>per year of green hydrogen to Total Energies&rsquo; European refineries by 2030.



<h2>Linde (LIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/lin_linde_1600-300x169.png" alt="Logo of Linde AG (LIN) in Hanover, Germany - The Linde Group is a multinational chemical company"><div>Source: nitpicker / Shutterstock.com</div></div>Weakness in Linde (NASDAQ:<a href="https://investorplace.com/stock-quotes/lin-stock-quote/">LIN</a>) is also a strong opportunity to buy. After plunging to about $412.30, it&rsquo;s slowly trending higher, last trading at $440.53. That just refills its bearish gap from late April. From that price, I&rsquo;d like to see LIN retest its $475 high from March. And, as we wait for that to happen, we can collect Linde&rsquo;s current yield of 1.26%.&nbsp;



Furthermore, analysts at <a href="https://www.tipranks.com/news/blurbs/bernstein-keeps-their-buy-rating-on-linde-lin">Bernstein reiterated their buy rating</a> on LIN with a price target of $525.



Recent earnings were okay. In fact, its earnings per share (EPS) of <a href="https://markets.businessinsider.com/news/stocks/lin-stock-earnings-linde-for-q1-of-2024-1033320971">$3.75 came in better than estimates for $3.42</a>. Unfortunately, its operating cash flow of $1.95 billion did miss expectations for $2.46 billion.&nbsp;Moving forward, the company expects to see second-quarter EPS within a range of $3.70 to $3.80, which is 1% below expectations.&nbsp;



Fortunately, most of the earnings negativity has been priced into the up-trending stock.



<h2>Global X Hydrogen ETF (HYDR)</h2>



<a href="https://investorplace.com/wp-content/uploads/2019/11/global-x.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/global-x-300x169.jpg" alt="Global X ETFs logo"></a>Global X Funds logo. (PRNewsFoto/Global X Funds)Or, you could always diversify with an exchange-traded fund, like the&nbsp;Global X Hydrogen&nbsp;ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hydr-stock-quote/">HYDR</a>).



With an expense ratio of 0.5%, the ETF invests in stocks involved with hydrogen production, and the development and manufacturing of hydrogen fuel cells. Some of its top holdings include&nbsp;Bloom Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/">BE</a>),&nbsp;Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>),&nbsp;Ballard Power&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bldp-stock-quote/">BLDP</a>),&nbsp;ITM Power&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/itmpf-stock-quote/">ITMPF</a>) and&nbsp;Ceres Power&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/cpwhf-stock-quote/">CPWHF</a>).



Last trading at $27.05, it&rsquo;s a buy on weakness. From that price, I&rsquo;d like to see it triple when hydrogen names start to take off again. Eventually, if and when the 45V tax credit is loosened, the ETF and related stocks will soar again.



Plus, according to the&nbsp;<a href="https://www.iea.org/reports/hydrogen">International Energy Agency</a>, global hydrogen demand will need to double from about 94 million tons in 2021 to more than 180 million tons by 2030. Europe may need to see a six-fold increase in demand by 2050. All of which is bullish for the ETF.



On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=quotemedia&amp;utm_medium=referral">Publishing Guidelines.&nbsp;</a>
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-hydrogen-stocks-to-buy-now-june-2024/">3 Hydrogen Stocks to Buy Now: June 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Hydrogen Stocks to Buy Now: June 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s not just hydrogen industry executives who are losing patience over restrictive 45V tax credits. We&rsquo;re now learning that&nbsp;U.S. Senators Bill Cassidy, M.D. (R-LA), Mike Crapo (R-ID), Jim Risch (R-ID) and Pete Ricketts (R-NE) have also argued that the Biden administration&rsquo;s current 45V tax rule is making it difficult for U.S. hydrogen producers to qualify for tax credits.&nbsp;When and if it&rsquo;s lifted, <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a> could push higher.



&ldquo;With the proposed rule, the IRS and Treasury strayed far away from the simple definition of clean hydrogen,&rdquo;&nbsp;wrote the senators, <a href="https://www.cassidy.senate.gov/newsroom/press-releases/cassidy-republican-colleagues-condemn-new-biden-administration-rule-strangling-u-s-hydrogen/">as quoted by Cassidy.Senate.gov</a>.&nbsp;&ldquo;Significant buildout of renewable energy to support hydrogen production will surely face permitting, supply chain, and inflation issues.&rdquo;



If loosened,&nbsp;the Biden Administration could get one step closer to cutting emissions, as hoped. Remember, hydrogen &ndash; which only produces water vapor and warm air &ndash; is key to helping the U.S. achieve its net-zero emission goals.&nbsp;



With high hopes that 45V will be changed, buy some of the top hydrogen stocks today.



<h2>Bloom Energy (BE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1473297014-5-300x169.jpg" alt="BE stock Bloom Energy logo on a building"><div>Source: Sundry Photography / Shutterstock</div></div>After rallying from a low of about $9 to $18, Bloom Energy (NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/">BE</a>) just pulled back to about $13, again a strong buy opportunity.



Helping analysts at RBC Capital just reiterated an outperform rating on the stock with a price target of $15. For example, the firm highlighted the&nbsp;potential for Bloom&rsquo;s fuel cell technology to meet the increasing energy demands of data center customers. Analysts at BTIG reiterated a buy rating on the stock with a price target of $21.



Bloom just&nbsp;<a href="https://www.datacenterdynamics.com/en/news/bloom-energy-to-provide-additional-fuel-cells-for-intel-data-center/">signed a contract</a>&nbsp;with&nbsp;Intel&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) to install fuel cell-based services at Intel&rsquo;s computing data center in Santa Clara, California.&nbsp;With its focus on the rapidly growing data center market, this&nbsp;should draw even more attention&nbsp;to Bloom.



Investors should use the latest pullback in BE shares as a buying opportunity.



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/plug1600-8-300x169.png" alt="Person holding cellphone with logo of US hydrogen fuel cell company Plug Power Inc. in front of business webpage. Focus on phone display. Unmodified photo. PLUG stock"><div>Source: T. Schneider / Shutterstock.com</div></div>Weakness in shares of Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) is also a buy opportunity.



At $2.45, PLUG now sits at triple bottom support dating back to January. It&rsquo;s also over-extended on RSI, MACD and Williams&rsquo; %R. I&rsquo;d like to see PLUG initially rally back to about $3.32 from its current price. Longer-term, I&rsquo;d like to see it rally back to $7.50.&nbsp;



Helping, the company said it saw a &ldquo;<a href="https://seekingalpha.com/news/4092367-plug-power-touts-substantial-advancement-in-hydrogen-generation-buildout">substantial advancement</a>&rdquo; with its plants in Georgia and Tennessee. It also noted that its Louisiana joint venture with&nbsp;Olin&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/oln-stock-quote/">OLN</a>) is on track to see mechanical completion by the end of the third quarter.&nbsp; Plus, it just signed&nbsp;<a href="https://www.globenewswire.com/news-release/2024/04/25/2869470/9619/en/Plug-Signs-Additional-BEDP-Contracts-for-a-Total-of-4-5GW-of-Electrolyzers-Across-Europe-and-the-United-States.html">two contracts</a>&nbsp;to deliver basic engineering and design packages (BEDP) for projects in Europe and the U.S.



PLUG also just&nbsp;won a deal for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from a European customer. &ldquo;The project will employ five of Plug&rsquo;s 5 MW containerized PEM electrolyzers to reduce the company&rsquo;s carbon footprint by using green hydrogen,&rdquo; <a href="https://www.nasdaq.com/press-release/plug-secures-25-mw-pem-electrolyzer-deal-major-european-customer-2024-06-21">added the company</a>.



Analysts at H.C. Wainwright are still bullish on PLUG, with a price target of $18.&nbsp;



<h2>Global X Hydrogen ETF (HYDR)</h2>



<a href="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_1784814938-scaled-e1679427565167.jpg"><img width="300" height="145" src="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_1784814938-scaled-e1679427565167-300x145.jpg" alt="A 3D illustration of hydrogen molecules."></a>You could also diversify with an exchange-traded fund, like the&nbsp;Global X Hydrogen&nbsp;ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hydr-stock-quote/">HYDR</a>).



With an expense ratio of 0.5%, the ETF invests in stocks involved in hydrogen production and developing and manufacturing fuel cells. Some of its top holdings include Bloom Energy, Plug Power, Ballard Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/bldp-stock-quote/">BLDP</a>), ITM Power (OTCMKTS:<a href="https://investorplace.com/stock-quotes/itmpf-stock-quote/">ITMPF</a>) and&nbsp;Ceres Power&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/cpwhf-stock-quote/">CPWHF</a>).



It was last trading at $26.33, so it&rsquo;s a buy on weakness. From that price, I&rsquo;d like to see it triple when hydrogen names start to take off again. Plus, if and when the 45V tax credit is loosened, the ETF and related stocks will soar again.



On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=quotemedia&amp;utm_medium=referral">Publishing Guidelines</a>.&nbsp;
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The post <a href="https://investorplace.com/2024/06/rags-to-riches-3-hydrogen-stocks-that-could-make-early-investors-rich/">Rags to Riches: 3 Hydrogen Stocks That Could Make Early Investors Rich</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Rags to Riches: 3 Hydrogen Stocks That Could Make Early Investors Rich

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The hydrogen industry still waits for the Biden Administration to loosen restrictive 45V tax credit rules. Now, after about seven months, it&rsquo;s safe to say industry executives and even a few U.S. Senators are losing patience. Still, even as we wait, now is a great time to invest in some of the best <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a> on weakness.



We all know that when loosened, the Biden Administration could get one step closer to cutting emissions, as hoped. Hydrogen &mdash; which only produces water vapor and warm air&mdash;is key to helping the U.S. achieve its net-zero emission goals.&nbsp;



While most industries wait for the rules to change, companies like Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) claim <a href="https://www.hydrogeninsight.com/production/plug-power-will-recognise-hydrogen-production-tax-credits-in-financial-reports-before-45v-rules-are-finalised/2-1-1668908">tax credits</a> anyway. Plus, even though the 45V tax rules have yet to be finalized, the company is pushing forward anyway, with CEO Andy Marsh confident the rules will change.



In addition, Plug Power once noted the current restrictive rules: &ldquo;The burdens imposed by this trio of restrictions will drastically stunt the growth of the clean hydrogen industry and prevent many promising projects from ever getting off the ground,&rdquo; <a href="https://www.hydrogeninsight.com/production/plug-power-will-recognise-hydrogen-production-tax-credits-in-financial-reports-before-45v-rules-are-finalised/2-1-1668908">as quoted by HydrogenInsight.com</a>.



With hopes that 45V will soon change, it&rsquo;s time to buy some of the best hydrogen stocks.



<h2>Linde (LIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/lin_linde_1600-300x169.png" alt="Logo of Linde AG (LIN) in Hanover, Germany - The Linde Group is a multinational chemical company"><div>Source: nitpicker / Shutterstock.com</div></div>When I first highlighted the opportunity in Linde (NASDAQ:<a href="https://investorplace.com/stock-quotes/lin-stock-quote/">LIN</a>), <a href="https://investorplace.com/2024/05/3-hydrogen-stocks-to-buy-on-the-dip-may-2024/">I said</a>, &ldquo;With patience, I&rsquo;d like to see it refill its other gap at $460. Plus, we can collect its yield as we wait for LIN to tick higher.&rdquo;



That was on May 20, as LIN traded at about $430. While it hasn&rsquo;t hit my target of $460 just yet, it hit a high of $446.48 before pulling back to $425, which is still a strong buy. At $425 support, not only can we pick up the LIN stock on the cheap, but we can also collect its yield of about 1.3% while waiting on its recovery.



Helping analysts at Mizuho raised their price target on LIN to $512 with a buy rating. As noted by <a href="https://investorplace.com/2024/06/large-and-in-charge-3-renewable-energy-stocks-promising-powerful-profits/">Investorplace contributor Terel Miles</a>, &ldquo;Linde&rsquo;s established presence and technological capabilities will drive approximately 8-10% EPS growth in FY24. This makes LIN stock one of the top renewable <a href="https://investorplace.com/industries/energy/">energy stocks</a> to snap up before the next leg higher.&rdquo;



<h2>Air Products and Chemicals (APD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div>Weakness is also an opportunity for Air Products and Chemicals (NYSE:<a href="https://investorplace.com/stock-quotes/apd-stock-quote/">APD</a>).



The oversold giant caught strong support after plunging from about $285 to $246. It&rsquo;s even oversold on RSI, MACD and Williams&rsquo; %R, which tells us the pullback is greatly overdone. Better, the last time APD became this technically oversold, it bounced from about $226 to $285. A buy opportunity again now, I&rsquo;d like to see APD initially retest $285 near term.



Plus, while we wait for the recovery, we can collect its $1.77 dividend, payable Aug. 12 to shareholders of record as of July 1, which gives it a current yield of 2.82%. Even better, many analysts just raised their price targets on APD.



Bank of America analysts just <a href="https://thefly.com/news.php?symbol=APD">raised their price target</a> to $312. Deutsche Bank raised its price target to $310. Even BMO Capital raised its price target on APD to $263 from $250, with an outperform rating.&nbsp;



BMO added, &ldquo;With continued pricing, a more aggressive focus on cost-cutting, no major changes on the projects, and the corp. line likely to improve with the help of greater LNG equipment, we believe the stock will start to grind higher,&rdquo; <a href="https://www.investing.com/news/company-news/air-products-stock-target-raised-on-strong-quarter-performance-93CH-3411063">as quoted by Investing.com</a>.



<h2>Global X Hydrogen&nbsp;ETF&nbsp;(HYDR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/hydrogen-h2-1600-300x169.png" alt="Hydrogen renewable energy production - hydrogen gas for clean electricity solar and wind turbine facility."><div>Source: Audio und werbung / Shutterstock</div></div>Or, we can buy the dip and diversify with some of the best hydrogen stocks with&nbsp;the&nbsp;Global X Hydrogen&nbsp;ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hydr-stock-quote/">HYDR</a>).



With an expense ratio of 0.5%, the ETF invests in stocks involved in hydrogen production, hydrogen fuel cell development and manufacturing. Some of its top holdings include Bloom Energy,&nbsp;Plug Power,&nbsp;Ballard Power&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bldp-stock-quote/">BLDP</a>),&nbsp;ITM Power&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/itmpf-stock-quote/">ITMPF</a>) and&nbsp;Ceres Power&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/cpwhf-stock-quote/">CPWHF</a>).



Over the last few weeks, the HYDR ETF dropped from about $34 to $25.60, which is where investors should buy on weakness. Helping, the ETF has also become oversold on RSI, MACD and Williams&rsquo; %R here. From its last traded price of $25.60, I&rsquo;d like to see a retest of $30.



On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=quotemedia&amp;utm_medium=referral">Publishing Guidelines</a>.&nbsp;



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/the-3-best-hydrogen-stocks-to-buy-in-july-2024/">The 3 Best Hydrogen Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Hydrogen Stocks to Buy in July 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Hydrogen energy remains a compelling alternative energy source, especially as we remain in an environment with elevated energy costs. There are a few ways to generate energy from hydrogen. For example, one way is less environmentally friendly and leverages the process of developing natural gas, which leaves a hydrogen byproduct that companies can use to make &ldquo;blue&rdquo; hydrogen. Green hydrogen solely relies on <a href="https://www.energy.gov/eere/fuelcells/hydrogen-production-electrolysis#:~:text=Electrolysis%20is%20the%20process%20of,a%20unit%20called%20an%20electrolyzer.">electrolysis</a> &ndash; the splitting of hydrogen atoms from water &ndash; to create the potent energy source.



<a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">Hydrogen stocks</a> have not proven to be the best investments over the past 12 months, though. Oil prices coming down from record highs, as well as a lack of capital being deployed to hydrogen projects, have affected investors&rsquo; outlook on the sector. Rate cuts, however, could provide some of the juice hydrogen stocks have needed. Because producing green hydrogen is a capital-intensive process, lower interest rates on debt could spark a revitalization of the space. With that said, below are three hydrogen stocks to bet on for market-crushing returns.



<h2>Air Products (APD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div>Air Products (NYSE: <a href="https://investorplace.com/stock-quotes/apd-stock-quote/">APD</a>) is industrial gases business that has been around since the 1940s. The firm has taken a <a href="https://investors.airproducts.com/static-files/40486de7-1bfd-42a7-ba36-984fb0b692af">dual approach</a> to its gas operations: on the one hand, developing gases, including oxygen, nitrogen and hydrogen for the operations of various industrial companies, and on the other hand delivering clean hydrogen solutions to companies looking to decrease their carbon footprint. Air Products is also a key provider of liquified natural gas technology, which includes turbo machinery, membrane systems and cryogenic containers. In fiscal year 2023, ending on September 30th, 2023, Air Products generated $12.6 billion in sales, 45% of which came from North America and 23% of which came from EMEA and India.



Air Products&rsquo; share price took two separate major downswings after the company revealed dismal demand from Asia in its first-quarter earnings report for fiscal year 2024 and pricing power issues in its second-quarter report. However, APD appears to be on its way to recovery. Shares had tumbled more than 20% for the year in February, but now the stock is only down 7.9% on a year-to-date basis. The industrial gas firm&rsquo;s relatively low 20.1x forward earnings multiple makes a potential investment even more enticing.



<h2>Bloom Energy (BE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1473297014-5-300x169.jpg" alt="BE stock Bloom Energy logo on a building"><div>Source: Sundry Photography / Shutterstock</div></div>Bloom Energy (NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/">BE</a>) is a developer of solid-oxide technology that converts natural gas, biogas and hydrogen into electricity. The firm leverages this technology to create fuel cells that other businesses can use for on-site power generation. Companies in a variety of industries have sought to decrease their carbon footprint, and for some of them, investing in hydrogen energy technologies makes an attractive long-term investment.



The company, like many pure-play hydrogen stocks in the space, has suffered from a lack of demand and investment from its customers, who are also trying to keep costs down. First-quarter earnings for fiscal year 2024 were, again, emblematic of Bloom Energy&rsquo;s current struggles, with both revenue and gross margins <a href="https://investor.bloomenergy.com/press-releases/press-release-details/2024/Bloom-Energy-Reports-First-Quarter-2024-Financial-Results/default.aspx">in decline</a> on a year-over-year basis.



A recent silver lining has been Bloom&rsquo;s ability to raise capital in this uncertain economic environment. The company had been hoping to raise $250 million in green convertible notes, but capital markets seemed to have more confidence in Bloom Energy, and the hydrogen company walked away with <a href="https://investor.bloomenergy.com/press-releases/press-release-details/2024/Bloom-Energy-Corporation-Prices-Upsized-350.0-Million-Green-Convertible-Senior-Notes-Offering/default.aspx">$350 million in green convertible notes</a> priced at a rate of 3% annual coupon. With that kind of capital added to Bloom Energy&rsquo;s $515.9 million cash balance, the company should have ample room to commit to new investments, even as customers are reticent to buy for now. 



<h2>Global X Hydrogen ETF (HYDR)</h2>



<a href="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_1784814938-scaled-e1679427565167.jpg"><img width="300" height="145" src="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_1784814938-scaled-e1679427565167-300x145.jpg" alt="A 3D illustration of hydrogen molecules."></a>Investors looking to hedge their bets by placing their capital in a large, diverse basket of hydrogen companies can look toward Global X Hydrogen ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/hydr-stock-quote/">HYDR</a>). The ETF manages $42.7 million in assets, investing in hydrogen production, hydrogen fuel cells, hydrogen technology and hydrogen integration businesses. According to Koyfin, HYDR has 29 holdings, and many of them are those pure-play hydrogen businesses that are deeply committed to the space and have the potential to surge in price, as the macro environment clears up.



Of course, investors should think hard about when they would like to invest in HYDR, given shares have fallen 22% on a year-to-date basis. Interest rate cuts could be a big deal for the space, especially given that it&rsquo;s quite capital intensive. After the release of several promising macroeconomic data points, Federal Reserve <a href="https://www.bloomberg.com/news/articles/2024-07-15/traders-add-to-bets-on-fed-rate-cuts-after-goldman-sachs-view">rate cut bets</a> are back on the rise, and this could help fuel HYDR and its hydrogen stocks in the near term.



On the date of publication, Tyrik Torres did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-hydrogen-stocks-to-bet-on-for-market-crushing-returns/">3 Hydrogen Stocks to Bet on for Market-Crushing Returns </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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