5 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

2. Westlake Corporation (NYSE:WLK)

Upside Potential: 41.46% 

Target Price: $113.56 

On June 5, UBS analyst Joshua Spector lowered the firm’s price target on Westlake Corporation (NYSE:WLK) to $117 from $130 while maintaining a Buy rating on the shares. The analyst updated estimates to reflect a lower anticipated peak in petrochemical pricing during the second quarter and now expects pricing conditions to begin moderating in the third quarter before gradually normalizing through 2027. Despite the reduced target, UBS’s continued Buy rating reflects confidence in Westlake’s long-term fundamentals and ability to navigate changing market conditions.

On May 18, JPMorgan analyst Jeffrey Zekauskas upgraded Westlake Corporation (NYSE:WLK) to Neutral from Underweight while maintaining a $90 price target. The analyst noted that the shares are now trading closer to fair value and highlighted expectations that the company could generate free cash flow equivalent to approximately 3% of its market value in 2026 and 8% in 2027. JPMorgan also pointed to recent strength in polyethylene pricing, while expressing caution regarding the sustainability of certain price increases relative to export market dynamics.

Founded in 1986 and headquartered in Houston, Texas, Westlake Corporation (NYSE:WLK) is a global manufacturer of petrochemicals, polymers, and building products. It is tied to the hydrogen sector through its subsidiary, Westlake Epoxy, which produces specialized resins and materials essential for the structural composites used in hydrogen storage.