5 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

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1. Plug Power, Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 32

Average Upside Potential as of February 10: 97.07%

Plug Power, Inc. (NASDAQ:PLUG) is a leading provider of clean, reliable energy solutions. The company specializes in providing comprehensive clean hydrogen and zeroemissions fuel cell solutions for various industries and areas, including logistics, onroad electric vehicles, stationary power and more.

This January, Cowen analyst Jeffrey Osborne updated his price target on Plug Power, Inc. (NASDAQ:PLUG) to $23 from $30 and reiterated an Outperform rating on the shares. Over the past 3 months, Plug Power, Inc. (NASDAQ:PLUG) has received 10 Buy ratings and 1 Hold rating from Wall Street analysts. The stock has a consensus Strong Buy rating among analysts and has an average price target of $30.27. The stock’s average price target implies an upside of 97.07% from current levels. As of February 10, Plug Power, Inc. (NASDAQ:PLUG) is trading at $15.36 a share and is one of the most promising hydrogen and fuel cell stocks to buy according to analysts.

At the close of the third quarter of 2022, Plug Power, Inc. (NASDAQ:PLUG) was a part of 32 investors’ portfolios that held collective stakes worth $373.4 million in the company. As of December 31, Bailard Inc is the top shareholder in the company and has a position worth $2.24 million.

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