10 Best Environmental Stocks to Buy

5. Linde plc (NASDAQ:LIN)

 Number of Hedge Fund Holders: 63

Linde plc (NASDAQ:LIN) is an industrial gas engineering company offering hydrogen, carbon capture, and carbon sequestration solutions. With its clean energy segments and global operations, the company is providing a critical solution for the global energy transition and decarbonization agenda. The company announced a significant investment of $2 billion to establish a clean hydrogen production facility in Alberta, Canada. The facility, to be completed in 2028, is set to become the largest one in Canada, supplying clean hydrogen to customers. Underlining Linde’s commitment to greenhouse gas emissions reduction, the project includes capturing over 2 million metric tons of carbon dioxide annually for sequestration.

Linde plc (NASDAQ:LIN) displayed a strong performance in 2024, with over 59 small on-site wins for clean energy supply, and a $2 billion investment for DOW (Canada) project to supply low-carbon (blue) hydrogen. The company made $4.8 billion in business investments. The sales for 2024 were at $33 million compared to $32 million in 2023, operating margin was up 29.5%, a 190 base points increase over the previous year.

With the number of agreements signed, and pushed by clean energy demands led by expansions in electronics and EV battery markets, Linde plc (NASDAQ:LIN) projects a strong outlook as an environmental stock and clean energy provider for varied industries. In summary, the company demonstrates a strong commitment to environmental sustainability through substantial investments in clean energy and decarbonization projects. With its solid financial performance and positive market outlook, Linde continues to be a leading player in the industrial gas sector.