5 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

2. Nikola Corporation (NASDAQ:NKLA)

Latest Average Analyst Share Price Target: $2

Latest Share Price Percentage Upside: 126%

Nikola Corporation (NASDAQ:NKLA) is an electric vehicle company seeking to manufacture trucks that use hydrogen fuel cells to run. 2023 marks the close of the legal woes of its founder Trevor Milton, who has been sentenced to prison for misinforming Nikola Corporation (NASDAQ:NKLA) investors.

During September 2023, eight out of the 910 hedge funds surveyed by Insider Monkey had bought the firm’s shares. Nikola Corporation (NASDAQ:NKLA)’s largest hedge fund investor is Thomas E. Claugus’s GMT Capital since it owns a $10.5 million stake.

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