5 Best Hydrogen Fuel Cell Stocks to Buy Now

Linde is an Ireland-based company which manufactures and sells atmospheric gases, including oxygen, nitrogen, argon, rare gases, helium, hydrogen, electronic gases, specialty gases, and acetylene. Hydrogen remains one of the main focus areas of Linde, as over 160 hydrogen refueling stations are using the company’s technology worldwide. In July, Linde said it will start the world’s first hydrogen refueling station for passenger trains in Bremervörde, Germany.

Linde ranks 2nd in the list of 10 best hydrogen fuel stocks to buy now, as 60 hedge funds tracked by Insider Monkey held stakes in the company entering the fourth quarter. The net worth of these investments is $3.55 billion. Here is what Diamond Hill Capital said about LIN in its 2020 Q1 investor letter:

“We have owned Linde PLC, a global manufacturer of industrial gases in the Large Cap Fund and were owners of Praxair prior to its merger with Linde. We believe Linde is a high-quality business operating in an attractive industry. Management likely has the opportunity to improve margins significantly over the long term, as we believe the legacy Linde businesses were undermanaged. Linde has a strong balance sheet and generates strong free cash flow, which will help to weather near-term recessionary conditions.”