12 Best Hydrogen and Fuel Cell Stocks to Buy for 2025

7. Chart Industries, Inc. (NYSE:GTLS)

Number of Hedge Fund Holders: 40

Chart Industries, Inc. (NYSE:GTLS) specializes in designing, engineering, and manufacturing equipment and technologies for handling gases and liquids, primarily focusing on clean energy solutions. Its offerings support industries such as Liquefied Natural Gas (LNG) storage and transport, hydrogen production, and environmental sustainability.

Within its cryo tank solutions and heat transfer systems segments, Chart Industries, Inc. (NYSE:GTLS) provides storage and distribution services while supplying equipment for the separation, liquefaction, and purification of hydrocarbons and gases. Earlier this year, the company launched a jumbo cryogenic tank manufacturing facility in Theodore, Alabama. This new facility is expected to enhance capacity, reduce freight costs, improve customer lead times, and support business growth.

Chart Industries, Inc. (NYSE:GTLS) delivered strong financial results in Q3 2024, reporting a 22.4% year-over-year sales increase to $1.06 billion and generating $200.7 million in net cash from operating activities. The company also saw a 5.4% growth in orders, totaling $1.17 billion, driven by demand in the energy and hydrogen sectors. For 2025, Chart Industries, Inc. (NYSE:GTLS) projects sales of $4.65 billion to $4.85 billion and adjusted EBITDA in the range of $1.175 billion to $1.225 billion.

Following these impressive results, Citi reaffirmed its Buy rating on GTLS with a price target of $190. Citi highlighted the company’s strong margins and free cash flow performance and noted management’s expectation of a book-to-bill ratio exceeding 1x in Q4. The firm emphasized that sustained FCF strength, adjusted for seasonality, could drive further stock value appreciation.

Aristotle Small Cap Equity Strategy stated the following regarding Chart Industries, Inc. (NYSE:GTLS) in its Q2 2024 investor letter:

“Chart Industries, Inc. (NYSE:GTLS), an industrial equipment manufacturer that provides cryogenic equipment for storage, distribution, and other processes within the industrial gas and LNG, hydrogen, helium, carbon capture and water treatment industries was added to the portfolio. Strong forward demand for LNG and accelerating hydrogen opportunities coupled with company-specific improvement initiatives should benefit the company moving forward.”