13 Best Hydrogen and Fuel Cell Stocks to Buy According to Analysts

7. Air Products and Chemicals, Inc. (NYSE:APD)

Analysts’ Upside Potential as of June 13: 17.45%

RBC Capital began coverage of Air Products and Chemicals, Inc. (NYSE:APD) on June 13 with an Outperform rating and a $355 price target, noting the recent 10% share price decline since March as a favorable entry point for investors. The company underlines its renewed faith in its strategic return to its industrial gas core model, which gives priority to projects with offtake agreements in place.

RBC Capital predicts that Air Products and Chemicals, Inc. (NYSE:APD)’ return to a targeted industrial gas strategy will promote steady, long-term growth. By matching capital deployment to pre-secured consumer demand, the technique reduces risk. An expected return to high-single-digit profit growth is additionally backed by RBC’s assessment of the company’s turnaround plan as effective. It is believed that the current stock value decline is just transitory and presents an opportunity for investors before expected operational improvements.

Air Products and Chemicals, Inc. (NYSE:APD) was established in 1940 and now operates in 50 countries and employs 19,000 people, making it one of the world’s top suppliers of industrial gas. The business is the world’s biggest provider of helium and hydrogen. It can produce 7 million kg of fuel per day from more than 100 hydrogen plants.