12 Best Hydrogen and Fuel Cell Stocks to Buy for 2025

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3. Linde plc (NASDAQ:LIN)

Number of Hedge Fund Holders: 63

Linde plc (NASDAQ:LIN) is a leading global industrial gas company, supplying essential gases such as oxygen, nitrogen, helium, and hydrogen. The company also specializes in designing and constructing process plants for industries including healthcare, chemicals, manufacturing, and electronics.

On December 18, Citi revised its price target for Linde plc (NASDAQ:LIN) to $480 from $490, maintaining a Neutral rating on the stock. This adjustment aligns with Citi’s updated 2025 chemicals outlook, which projects a “broadly neutral view” on commodity chemicals due to supply overhangs and forecasts that the first half of 2025 earnings will mirror the second half of 2024.

In Q3 2024, Linde plc (NASDAQ:LIN) reported a 2% year-over-year increase in sales, reaching $8.4 billion, fueled by robust project activity and growing demand for liquefied natural gas infrastructure. For Q4 2024, the company anticipates earnings per share in the range of $3.86 to $3.96, with a full-year EPS forecast of $15.40 to $15.50, reflecting 9-10% growth. Additionally, Linde plc (NASDAQ:LIN) secured a significant $2 billion contract with Dow Chemical, contributing to a record project backlog of $10 billion. This collaboration supports Dow’s net-zero carbon emissions initiative in Alberta by transitioning from natural gas to low-carbon blue hydrogen.

According to Insider Monkey’s Q3 database, 63 hedge funds held long positions in Linde plc (NASDAQ:LIN), with an aggregate value of $3.6 billion.

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