5 Hydrogen Fuel Cell Stocks to Buy Today

1. DuPont de Nemours, Inc. (NYSE:DD)

Number of Hedge Fund Holders: 51

DuPont de Nemours, Inc. (NYSE:DD) is the one of most sought after hydrogen fuel cell stocks among the hedge funds in Q3 2021, with 51 funds being bullish on DuPont de Nemours, Inc. (NYSE:DD), holding total stakes worth $1.49 billion. The leading DuPont de Nemours, Inc. (NYSE:DD) stakeholder is 40 North Management, holding a $331.45 million position in the company. 

DuPont de Nemours, Inc. (NYSE:DD) is a major chemicals company that is focused on finding sustainable energy solutions from renewable sources like photovoltaics, wind, biofuels, and hydrogen fuel cells. On November 3, BMO Capital analyst John McNulty raised the price target on DuPont de Nemours, Inc. (NYSE:DD) to $101 from $96 and kept an Outperform rating on the shares.

It was reported on November 15 that DuPont de Nemours, Inc. (NYSE:DD) is setting up a new $30 million facility in China which will advance applications and produce industry-leading innovative products to support the company’s auto customers as they make the shift to electric and hybrid vehicles.

Earnings for Q3 were announced by DuPont de Nemours, Inc. (NYSE:DD) on November 2. EPS in the quarter came in at $1.15, exceeding estimates by $0.03. The revenue equaled $4.27 billion, beating estimates by $112.95 million.

Here is what Rhizome Partners has to say about DuPont de Nemours, Inc. (NYSE:DD) in its Q1 2021 investor letter:

“We have written extensively about the anticipated DuPont’s Reverse Morris Trust merger with International Flavors and Fragrances (IFF) in January of 2021. During the quarter, DuPont shares traded up significantly in anticipation of the deal. We tendered about 40% of our DuPont shares for IFF and received about half of the allocation due to pro-ration. Investors are finally starting to appreciate DuPont’s effort to cut costs, streamline operations, and spin off companies into pure-play companies that trade at higher multiples. We are still getting used to the higher multiples that investors will pay for larger market cap and pure play companies such as DuPont.”

You can also take a look at Top 10 Stock Picks of Billionaire Daniel Sundheim and 10 Safe Dividend Stocks to Invest In. 

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