10 Best Hydrogen Stocks to Buy According to Billionaires

3. Air Products and Chemicals, Inc. (NYSE:APD)

Number of Billionaires: 11

Air Products and Chemicals, Inc. (NYSE:APD) is a global leader in atmospheric gases, supplying essential industrial gases to sectors such as refining, chemicals, metals, electronics, manufacturing, healthcare, and food.

In September, Air Products and Chemicals, Inc. (NYSE:APD) divested its liquefied natural gas (LNG) equipment business to Honeywell for $1.81 billion in cash—a strategic move aligned with its two-pillar growth strategy: expanding core industrial gases and scaling clean hydrogen solutions.

In Q1 FY2025, Air Products and Chemicals, Inc. (NYSE:APD) reported a revenue of $2.93 billion, marking an 8% drop quarter-over-quarter and a 4% decline year-over-year. However, net income for the trailing 12 months surged 68% year-over-year to $3.84 billion, despite a sharp 69% sequential decline. The company’s earnings remained strong with an adjusted EPS of $2.86, beating guidance and growing 1% year on year. Profitability improved, with the adjusted EBITDA margin rising by 140 basis points and the operating margin increasing by 80 basis points.

Analyst sentiment remains bullish, with 62% of 26 analysts rating Air Products and Chemicals, Inc. (NYSE:APD) a “Buy.” The median price target stands at $351, implying a 37% upside from current levels. Backed by strategic clarity, improved margins, and a clean energy vision, APD is gaining renewed attention from institutional investors and hedge funds, with 90% of shareholders being from institutional groups.