5 Best Hydrogen and Fuel Cell Stocks to Buy in 2022

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1. Linde plc (NYSE:LIN)

Number of Hedge Fund Holders: 48   

Linde plc (NYSE:LIN) operates as an industrial gas and engineering company. It is one of the most prominent hydrogen stocks to invest in. Linde plc (NYSE:LIN) plans to build a 35MW PEM electrolyzer to produce green hydrogen in Niagara Falls, New York, the chemical company recently announced. The new plant, the largest electrolyzer installed by Linde plc (NYSE:LIN) globally, will more than double the company’s green liquid hydrogen production capacity in the US. Expected to start up by 2025, the facility will use hydroelectric power to produce green liquid hydrogen.

On October 04, Citi analyst PJ Juvekar kept a Buy rating on the Linde plc (NYSE:LIN) stock and lowered the price target to $322 from $346. 

At the end of the second quarter of 2022, 48 hedge funds in the database of Insider Monkey held stakes worth $3.2 billion in Linde plc (NYSE:LIN), compared to 54 in the preceding quarter worth $4.8 billion. 

In its Q2 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Linde plc (NYSE:LIN) was one of them. Here is what the fund said: 

“The replacement of demand for Russian gas with green hydrogen positions Linde (NYSE:LIN) well. Green hydrogen, made by using renewable energy to split water into its basic elements, hydrogen and oxygen, and subsequently cleanly burn the hydrogen as fuel, is seen as key to lowering emissions in hard-to-decarbonize industries such as steel and cement, as well as transport. In 2021 Linde announced a long-term agreement to provide European semiconductor maker Infineon (OTCQX:IFNNY) with onsite production and storage of green hydrogen for the company’s site in Villach, Austria. Securing a clean, domestic source of energy for semiconductor manufacturing appears strategic today amid heightened concerns of reliable supply from Taiwan.”

You can also take a peek at 10 Most Valuable Internet Companies in 2000 vs. Today and 10 Best EV Battery Stocks to Buy in Late 2022.

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