12 Best Hydrogen and Fuel Cell Stocks to Buy for 2025

4. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 48

Shell plc (NYSE:SHEL) is a global energy and petrochemical company engaged in the exploration, production, and sale of crude oil, natural gas, natural gas liquids, low-carbon fuels, lubricants, bitumen, and petrochemicals. The company also invests in renewable electricity generation, hydrogen sales, and electric vehicle charging infrastructure.

The company recently announced a final investment decision for Bonga North, a $5 billion deep-water project off the coast of Nigeria. This development underscores Shell’s continued investment in traditional hydrocarbons while contributing to the growth of Nigeria’s oil and gas industry. Production from the project is expected by the end of the decade.

In Q3 2024, Shell plc (NYSE:SHEL) reported adjusted earnings of $6 billion, exceeding analyst expectations by 13.2%. Free cash flow rose significantly to $10.83 billion, up from $7.5 billion in the same period the previous year. The company also announced plans to repurchase $3.5 billion in shares by year-end while maintaining its dividend at $0.34 per share.

In October, Piper Sandler reaffirmed an Overweight rating on Shell plc (NYSE:SHEL), raising its price target to $82. The firm praised Shell’s strong operational performance, highlighting LNG liquefaction volumes of 7.5 million tonnes (MT), which surpassed the 7.1 MT estimate, and steady exploration and production output despite expectations of a decline.

According to Insider Monkey’s data, 48 hedge funds held long positions in Shell plc (NYSE:SHEL), slightly down from 49 in the prior quarter.