8 Best Hydrogen and Fuel Cell Stocks to Buy for 2026

7. Plug Power Inc. (NASDAQ:PLUG)

Analyst Upside: 45.88%

Number of Hedge Fund Holders: 27

Plug Power Inc. (NASDAQ:PLUG) ranks among the best hydrogen and fuel cell stocks to buy for 2026. Plug Power Inc. (NASDAQ:PLUG) has commenced significant projects this month. On December 17, the company deployed a 5MW GenEco electrolyzer system for Cleanergy Solutions Namibia’s green hydrogen project at the Hydrogen Dune facility in Walvis Bay. The facility, which debuted in September, is billed as Africa’s first fully functioning commercial green hydrogen plant.

The regionally generated hydrogen is expected to fuel hydrogen-powered trucks, port and rail machinery as well as small ships that pass through the Walvis Bay Port. The facility will also offer automobiles that have been adapted on-site to run on both hydrogen and traditional fuels.

Meanwhile, on December 1, Plug Power Inc. (NASDAQ:PLUG) signed a deal to provide NASA’s Glenn Research Center and Neil A. Armstrong Test Facility with up to 218,000 kilos of liquid hydrogen. The contract, which is worth up to $2.8 million, is Plug Power’s first liquid hydrogen distribution agreement with NASA.

Plug Power Inc. (NASDAQ:PLUG) is an American company focused on building and operating green hydrogen production and distribution facilities. The company manufactures and deploys electrolyzers and fuel cells to produce green hydrogen.