5 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

3. Olin Corporation (NYSE:OLN)

Upside Potential: 35.67% 

Target Price: $29.86 

On June 18, JPMorgan lowered its price target on Olin Corporation (NYSE:OLN) to $25 from $26 while maintaining a Neutral rating on the shares. The adjustment reflects the firm’s updated outlook on the company and broader market conditions, though the continued Neutral rating suggests that JPMorgan sees Olin as relatively fairly valued at current levels. Analyst coverage remains focused on the company’s ability to navigate cyclical demand trends and execute on strategic initiatives within its chemicals portfolio.

On June 16, Olin Corporation (NYSE:OLN) and Huntsman Corporation announced that they had entered into a definitive agreement to combine in an all-stock merger of equals. The transaction is expected to generate more than $400 million in identified cost synergies and integration benefits, creating a larger and more diversified chemicals company to be known as OlinHuntsman. Under the terms of the agreement, Olin shareholders will own approximately 54.5% of the combined entity, while Huntsman shareholders will own approximately 45.5%. The merger has received unanimous approval from both companies’ boards and is expected to close in the first half of 2027, subject to customary regulatory and shareholder approvals.

Founded in 1892 and headquartered in Clayton, Missouri, Olin Corporation (NYSE:OLN) is a global manufacturer of chemicals (like chlor-alkali and epoxy) and Winchester ammunition. It functions as a key hydrogen and fuel cell stock by supplying massive volumes of byproduct hydrogen to the green energy sector, notably via its Hidrogenii joint venture with Plug Power.