In this article, we will discuss: 11 Best Hydrogen Stocks to Invest in Now.
The hydrogen industry comprises several publicly traded businesses, including those specializing in fuel cell technology, hydrogen generation, and associated infrastructure.
The FTcase is a portable hydrogen refueling device measuring 21″ x 16″ x 11.7″ and weighing less than 100 pounds. It was created by San Francisco-based Zero Emission Industries to fill the infrastructural gap for fuel cell automobiles. The FTcase serves as a mobile gas pump that allows recharging in areas without fixed stations by transferring hydrogen straight from supply tankers into automobiles or watercraft. The Honda CR-V e:FCEV was the first hydrogen-powered car to compete in the 2025 Broadmoor Pikes Peak International Hill Climb on June 22, showcasing the technology.
The FTcase, located in the pit area, will enable speedy refueling by connecting a nozzle and activating a few buttons. Dr. Joe Pratt, CEO of ZEI, stated:
“It eliminates the need for built-in infrastructure and lets you access hydrogen for your vehicle or boat anywhere you need it.”
James Nazarian, Large Project Leader Commercial Motorsports, Honda Racing Corporation U.S.A, acknowledged that the FTcase was crucial to the team’s ability to compete at Pikes Peak.
With that said, here are the 11 Best Hydrogen Stocks to Invest in Now.
Photo by Tommy Krombacher on Unsplash
Methodology:
We sifted through the ETFs’ online rankings to form an initial list of the 20 Best Hydrogen Stocks. From the resultant dataset, we chose 11 stocks with the highest number of hedge fund investors, using Insider Monkey’s database of 1000 hedge funds in Q1 2025 to gauge hedge fund sentiment for stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11. Westport Fuel Systems Inc. (NASDAQ:WPRT)
Number of Hedge Fund Holders: 2
Westport Fuel Systems Inc. (NASDAQ:WPRT) has successfully sold its Light-Duty Segment for $79.5 million to Heliaca Investments, a Netherlands-based company that is fully controlled by Ramphastos Investments. The purchase, which was first announced on March 31, 2025, includes Westport Fuel Systems Italia S.r.l. and covers Light-Duty OEM, delayed OEM, and aftermarket operations. Performance milestones might result in earnouts of up to $3.9 million.
According to CEO Dan Sceli, the divestiture improves the balance sheet and refocuses attention on high-horsepower and heavy-duty applications that use LNG, CNG, and other fuel-agnostic systems. Westport Fuel Systems Inc. (NASDAQ:WPRT), a provider of low-emissions transportation systems for hydrogen, RNG, and natural gas, will put a focus on technological leadership, market expansion, and operational efficiency as part of its “New Westport” strategy. The corporation has started an internal process to optimize the financial gains from the sale. It is among the Best Hydrogen Stocks.
10. FuelCell Energy, Inc. (NASDAQ:FCEL)
Number of Hedge Fund Holders: 4
FuelCell Energy, Inc. (NASDAQ:FCEL) has reached a seven-year agreement with South Korea’s CGN-Yulchon Generation Co., Ltd. to supply eight carbonate fuel cell modules as well as operate and maintain four existing 2.5 MW units at CGN’s Gwangyang facility. The agreement involves an extension option and adds to FuelCell Energy, Inc. (NASDAQ:FCEL)’s backlog, which includes projects with Gyeonggi Green Energy and Noeul Green Energy.
The Gwangyang location runs 1.5 GW of conventional gas turbine capacity in along with four of FuelCell Energy, Inc. (NASDAQ:FCEL)’s 3000 Carbonate Fuel Cell Systems, which together generate 10 MW. The project will improve performance, prolong operational life, and help CGN achieve its decarbonization goals under South Korea’s Hydrogen Economy Roadmap.
FuelCell Energy, Inc. (NASDAQ:FCEL), the only producer of utility-scale electricity and steam for applications such as district heating and industrial operations, has had a dedicated Korean service staff since 2018, supporting over 100 MW of installed capacity. Its LTSA approach improves reliability for high-demand industries like data centers by guaranteeing round-the-clock monitoring, technical assistance, and preventative maintenance. It is one of the Best Hydrogen Stocks.