5 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

2. ITM Power Plc (OTC:ITMPF)

Number of Hedge Fund Holders: N/A

Average Upside Potential as of February 10: 21.15%

ITM Power Plc (OTC:ITMPF) specializes in engineering and producing hydrogen energy systems for a variety of applications in Europe and the United States. The company also offers a variety of products and services including prototype development, electrolysis equipment, electrolyzer solutions, hydrogen storage solutions, and automotive fuel. ITM Power Plc (OTC:ITMPF) is one of analysts’ most promising hydrogen and fuel cell stocks to buy now.

ITM Power Plc (OTC:ITMPF) has a consensus Hold rating among Wall Street analysts. The stock has a high price target of $1.76 and a low price target of $1.36. The stock’s average price target of $1.51 implies an upside of 21.15% from current share levels. As of February 10, ITM Power Plc (OTC:ITMPF) is trading at $1.25 per share.

On January 23, JPMorgan analyst Patrick Jones revised his price target on ITM Power Plc (OTC:ITMPF) to 230 GBP from 280 GBP and maintained an Overweight rating on the shares.