10 Best Hydrogen Stocks to Buy According to Billionaires

5. Hyster-Yale, Inc. (NYSE:HY)

Number of Billionaires: 9

Hyster-Yale, Inc. (NYSE:HY) is a global manufacturer of lift trucks, with operations spanning three key segments: Lift Trucks, Bolzoni attachments, and Nuvera. Nuvera operates and focuses on hydrogen fuel cell stacks and engines. In April 2024, the company rebranded from Hyster-Yale Materials Handling to Hyster-Yale, Inc., unifying its operations under one corporate identity while allowing each segment to maintain brand distinction.

In November 2024, the company’s board authorized a $50 million share repurchase program. It repurchased $5 million worth of Class A common stock in Q4 alone.

Hyster-Yale, Inc. (NYSE:HY) reported strong financials for 2024, with full-year revenue of $4.3 billion and Q4 revenue of $1.1 billion. The Lift Truck segment in the Americas drove growth, posting a year-over-year revenue increase of 11% in FY 2024 and 13% in Q4. The company also generated $171 million in cash from operations over the year, signaling robust underlying fundamentals.

Currently, 61.7% of Hyster-Yale, Inc. (NYSE:HY) shares are held by large investors, underscoring strong investor and hedge fund confidence.