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

Also in this section
14 May 2025
Defining moment for US hydrogen sector as House Republicans seek termination of green tax credits
13 May 2025
Existing specifications have been a good starting point for standardisation of hydrogen quality, but they need rethinking—a 99.5 mol-% specification is a promising candidate
12 May 2025
The sector needs a standard covering hydrogen quality for the entire value chain, but no single hydrogen quality covers the needs of all stakeholders
9 May 2025
Hydrogen quality is an increasingly important area for the sector. Though well-established standards are in place, they typically cover only certain parts of assets and value chain