UBS’ Top Tech Based Disruptive Stocks For 2030: Top 29 Stocks

13. Linde plc (NASDAQ:LIN)

Number of Hedge Fund Holders In Q2 2024: 63

Linde plc (NASDAQ:LIN) is the final green technology disruptive stock on our list. It is one of the biggest suppliers of industrial gases in the world. Some of the firm’s products include oxygen, hydrogen, carbon dioxide, helium, and rare gasses. As was the case with Trane Technologies, Linde plc (NASDAQ:LIN) has a lot of exposure to the industrial market. However, unlike Trane, its products aren’t in demand by the data center industry leading to revenue slowdown and weak share price performance. The stock is up by 15.8% year to date, and a global exposure worked against the firm’s favor during H1. This was because while Linde plc (NASDAQ:LIN)’s North American revenue grew by 3.1% annually, Asian sales were flat on the back of Chinese sluggishness while turmoil in Europe meant that EMEA sales ended 3.6% lower. Some ways in which Linde plc (NASDAQ:LIN) can benefit from the green economy include the push to green ammonia and a growth in demand for carbon capture products.

Linde plc (NASDAQ:LIN)’s management commented about the clean energy industry during the Q2 2024 earnings call. Here’s what they shared:

“Turning now to the industrial end markets; chemicals and energy grew 5% from North American activity, primarily in the U.S. Gulf Coast, hydrogen as well as Mexican energy services. We supply some of the most cost-competitive customers in the world and their higher production rates reflect their share of the global market. Looking forward, this end market will likely be the largest beneficiary of the project backlog, especially around clean energy projects. While OCI represents just one example, there are several more that comprise the $8 billion to $10 billion of near-term pipeline opportunities which we are pursuing and making good progress.”