3 Hydrogen Stocks to Buy Now: June 2024 | Markets

The hydrogen industry is still waiting on the Biden-Harris Administration to loosen restrictive 45V tax credits. And from the looks of it, industry executives are quickly starting to run thin on patience.

“The pace of change is starting to impact project development,” according to Rushabh Shah, director of U.S. Midwest Hydrogen and CCS at BP, as quoted by E&E News. However, if and when the 45V tax issue is resolved, some of the top hydrogen stocks to buy could easily explode higher.

Plus, the Biden Administration could get one step closer to cutting emissions, as hoped. Remember, hydrogen – which only produces water vapor and warm air – is a key part of helping the U.S. achieve its net-zero emission goals.

Again, with hopes that 45V will be loosened, investors can use hydrogen stock weakness as an opportunity to buy. So, let’s examine a few of the top hydrogen stocks that investors may want to consider buying today.

Air Products and Chemicals (APD)

On March 18, I said, “I’d like to see Air Products and Chemicals (NYSE:APD) refill its bearish gap around $260 initially. From there, it could easily test $272 as the hydrogen story gains momentum. As we wait for the stock to recover, we can collect its dividend of $1.77.”

At the time, APD traded at $243. Today, after testing a high of…

Source investorplace.com

Advertisement Gaming:   Xbox  |  Xbox Bundles  |  Nintendo  |  Playstation  |  Cards   | 
FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.
Ad Amazon Minecraft the game, plus clothing, toys, and accessories.
Ad Amazon Gaming Laptops, clothing, games and more
Ad Amazon MUSIC Artists Merch Shop

Prime members enjoy Prime FREE One-Day delivery

Related Posts