In this article, we will take a look at the 5 Best Hydrogen and Fuel Cell Stocks to Buy Now. For a deeper discussion and an extended list, please see the 9 Best Hydrogen and Fuel Cell Stocks to Buy Now.
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5. Bloom Energy Corporation (NYSE:BE)
On April 14, 2026, Reuters reported that Bloom Energy Corporation (NYSE:BE) will supply Oracle with up to “2.8 gigawatts” of fuel cell capacity under an upgraded deal, which shows rising power demand due to artificial intelligence. The corporations have already signed for an initial 1.2 gigawatts, with deployment starting this year and extending into next.
Bloom Energy Corporation (NYSE:BE) claims that its methods offer faster rollout than traditional power sources, allowing users to have electricity sooner while decreasing project risks. According to Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure, the quick deployment of Bloom’s systems is helping to meet consumer needs across the United States.
Bloom Energy Corporation (NYSE:BE)’s shares climbed 12.6% to $198.65 in extended trade after the announcement. The corporation also stated that it issued a warrant to Oracle in accordance with previously disclosed October terms, cementing the two companies’ commercial relationship.
Bloom Energy Corporation (NYSE:BE) manufactures and installs power production platforms based on solid oxide fuel cells. Bloom Energy Server turns conventional low-pressure natural gas or biogas into electricity using an electrochemical method that does not include combustion.
4. BP p.l.c. (NYSE:BP)
On April 23, 2026, Reuters reported that BP p.l.c. (NYSE:BP) shareholders turned down two board-proposed resolutions during the company’s annual general meeting, which marked the first major test for the new leadership. Chair Albert Manifold said investors did not vote sufficiently to approve measures permitting virtual AGMs and abolishing prior climate disclosure obligations. Manifold informed investors that, while the firm received solid support for its strategic path, the two special resolutions fell short of a simple majority. The initial results showed Manifold gaining 81.8% support, which was lower than the customary percentages of around 100% acceptance.
Glass Lewis and ISS, as well as BP p.l.c. (NYSE:BP) shareholder LGIM opposed key measures, expressing fears about governance and climate. Glass Lewis advised voting against Manifold, linking him to the rejection of a Follow This resolution on energy transition disclosures. CEO Meg O’Neill pointed out the importance of strengthening the balance sheet and investing with discipline as the firm reshapes its portfolio toward oil and gas.
BP p.l.c. (NYSE:BP) is an integrated oil and gas corporation that provides carbon products and services. It operates in three segments: gas and low-carbon energy, oil production and operations, and customers/products.
3. Cummins Inc. (NYSE:CMI)
On April 20, 2026, Truist analyst Jamie Cook raised Cummins Inc. (NYSE:CMI )’s price objective to $730 from $703. It retained a Buy rating on the stock. Cook previewed first-quarter results for machinery and industrial names, claiming strengthening conditions after a three-year recession, citing a March U.S. Manufacturing PMI of 52.7, following strong readings in January and February. The analyst also stated that channel destocking has ended, and industrial and cyclical markets, such as construction, mining equipment, commercial vehicles, and semiconductors, are rebounding. However, she warned of risks from the Iran war.
On April 13, 2026, Wells Fargo lifted its price objective for Cummins Inc. (NYSE:CMI) to $693 from $630. It maintained an Overweight rating. The firm claimed an optimistic financial performance outlook, mentioning a supply-driven machinery recovery, broader non-residential development that extends into semiconductors, and improved cash conversion.
Cummins Inc. (NYSE:CMI) is a U.S.-based firm that designs, manufactures, and services diesel and natural gas engines, electric and hybrid powertrains, and related components. Its segments include Engine, Distribution, Components, Power Systems, and Accelera.
2. Air Products and Chemicals, Inc. (NYSE:APD)
On April 24, 2026, RBC Capital raised Air Products and Chemicals, Inc. (NYSE:APD)’s price target to $338 from $325. It maintained an Outperform rating. The firm determining first-quarter performance for specialty chemical industries said that company-specific accelerators should continue to strengthen in 2026, favoring stocks with modest exposure to Middle Eastern upheaval and rising oil prices.
On April 24, 2026, Air Products and Chemicals, Inc. (NYSE:APD) declared that it will build, own, and operate a brand new air separation facility in Cocoa, Florida. The facility will produce liquid oxygen, nitrogen, and argon. It is expected to start working in the second half of 2028.
Francesco Maione, president of the Americas, said that the location will help space launch operators in Florida and also position the corporation to meet increased demand from the booming space launch industry. Air Products and Chemicals, Inc. (NYSE:APD) disclosed that the production facility will also serve regional merchant markets in industries such as metals processing, manufacturing, medical, and chemicals, besides growing its existing U.S. network of around 70 air separation units.
Air Products and Chemicals, Inc. (NYSE:APD) manufactures and distributes atmospheric gases. It operates in the Americas, Asia, Europe, the Middle East, India, and Corporate and Other.
1. Linde plc (NASDAQ:LIN)
On April 24, 2026, TheFly reported that RBC Capital analyst Arun Viswanathan raised Linde plc’s (NASDAQ: LIN) price objective to $552 from $512. It retained an Outperform rating. Viswanathan, in a research note to investors, stated that company-specific drivers should help improve in 2026. The analyst also stressed a preference for corporations with low exposure to Middle Eastern turmoil and rising oil prices.
According to a separate TheFly story dated April 21, 2026, BofA raised its price objective for Linde plc (NASDAQ:LIN) to $525 from $520 while maintaining a Buy rating. The firm said commodity markets increased in March and April due to the Iran war, supporting stronger upstream predictions for 2026 beginning in the second quarter, but downstream producers are under pressure, analysts added.
Linde (NASDAQ:LIN) will report its first-quarter 2026 financial results on Friday, May 1, 2026.
Linde plc (NASDAQ:LIN) is a global industrial gas and engineering firm. It designs and manufactures industrial gas production equipment. The company also provides gas production and processing services for olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants, and other plants.
While we acknowledge the potential of LIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LIN and that has 100x upside potential, check out our report about the cheapest AI stock.
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