Hydrogen stocks have been on fire over the past six months as investors speculate that a growth boom is around the corner. But hydrogen is still a tiny percentage of energy consumed in the U.S., and there still aren’t many clear use cases for the technology.
There have been booms and busts in hydrogen stocks before, but most of those were around speculation about hydrogen for automotive use or long-haul trucking, which haven’t et proven to be fruitful. But there are some markets where hydrogen makes a lot of sense and where economics are improving year after year. Bloom Energy (NYSE: BE) is leading in those sections of the market, and that’s why it’s my top hydrogen energy stock for 2021.