5 Best Hydrogen Fuel Cell Stocks To Buy

4. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Fund Holders: 20

Bloom Energy Corporation (NYSE:BE) is one of the biggest providers of hydrogen fuel cell power globally and it is placed on the fourth spot on the list of 9 best hydrogen fuel cell stocks to buy. The California-based power generation company supplies clean energy to some of the largest corporations in the world such as Alphabet Inc. (NASDAQ:GOOG), Comcast Corporation (NASDAQ:CMCSA), Adobe Inc. (NASDAQ:ADBE), and Morgan Stanley (NYSE:MS). 

Bloom Energy Corporation (NYSE:BE) saw its stock rise 1.7% in pre-market trade on July 21 after the company announced the first Combined Heat and Power project in partnership with SK Engineering, which is South Korea’s first utility-scale solid oxide fuel cell CHP venture.

On September 30, BMO Capital analyst Ameet Thakkar initiated a Market Perform rating on Bloom Energy Corporation (NYSE:BE) with a price target of $22 per share. Meanwhile, David Shaw of D E Shaw, a quantitative hedge fund manager, is one of Bloom Energy Corporation’s (NYSE:BE) top stockholders, with 791,743 shares valued at $21.3 million at the end of the second quarter of 2021.

In the second quarter of 2021, Bloom Energy Corporation (NYSE:BE) reported an EPS of -$0.23, missing estimates by -$0.18. The company’s second-quarter revenue was $228.47 million, an increase of 21.6% year over year. The stock has gained 6.89% in the past twelve months.