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

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5. Plug Power Inc. (NASDAQ:PLUG)

Analysts’ Upside Potential as of June 13: 36.43%

Plug Power Inc. (NASDAQ:PLUG) and Allied Green Ammonia have announced a new 2 GW electrolyzer agreement for a $5.5 billion green chemical manufacturing facility in Uzbekistan at the Tashkent International Investment Forum.

This extends the partners’ total commitment to 5 GW internationally, adding to the previous 3 GW deal for a green ammonia plant in Australia. The government of Uzbekistan is supporting the project, which would create green diesel, green urea, and sustainable aviation fuel. The signing of the deal was witnessed by Alfred Benedict, MD of Allied Green, and Sanjay Shrestha, President of Plug Power Inc. (NASDAQ:PLUG).

The business, standing as a top supplier of electrolyzers for extensive decarbonization, is strengthened by the expansion. Andy Marsh, CEO of Plug Power Inc. (NASDAQ:PLUG), underlined the importance of cross-continental, industrial-scale execution.

Alfred Benedict, the CEO of Allied Green, pointed out trust in Plug Power Inc. (NASDAQ:PLUG)’s tested hydrogen technology. The firm’s worldwide hydrogen ecosystem supports industrial and energy transition needs on five continents by including production, storage, and transport. It is ranked fifth on our list of the best hydrogen stocks.

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