Hydrogen stocks rally after halving in 2022
Shares in listed hydrogen companies see strong weekly gains at beginning of the year
Shares in listed hydrogen companies have seen a strong start to 2023 after struggling over the past year amid a wider downturn in technology stocks. Stock markets have generally turned higher recently but energy storage stocks have been the best performing basket of listed companies for Danish online brokerage Saxo over the past week, according to a note published by Saxo’s head of equity strategy, Peter Garnry. Especially strong weekly gains have been seen for hydrogen and fuel-cell firms such as Plug Power (22.7pc), Bloom Energy (14.6pc), Ballard Power Systems (20.7pc), Nel (13.9pc) and Fuelcell Energy (13.9pc), although ITM saw a fall of 1pc. "This industry has seen quite some big orders
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries