8 Best Hydrogen and Fuel Cell Stocks to Buy for 2026

5. Canadian National Railway (NYSE:CNI)

Analyst Upside: 15.45%

Number of Hedge Fund Holders: 34

Canadian National Railway (NYSE:CNI) ranks among the best hydrogen and fuel cell stocks to buy for 2026. On December 18, RBC Capital reduced its price target for Canadian National Railway (NYSE:CNI) to C$153 from C$158 while keeping an Outperform rating on the company’s shares. The firm boosted its fourth-quarter earnings per share estimate to C$2 from C$1.95, exceeding the average projection of C$1.97. RBC attributed the revised estimate to robust volumes and consistent car velocity trends at the railway operation.

RBC expects Canadian National to give more cautious guidance for 2026, likely estimating EPS growth in the mid-single digits or possibly low-to-mid single digits, as opposed to the current consensus projection of 8.5% growth. RBC forecasts 6.1% EPS growth in 2025, somewhat higher than the average estimate of 5.8%, and consistent with Canadian National’s projection for mid-to-high single-digit increase.

Additionally, Canadian National Railway Company (NYSE:CNI) reported solid quarterly results, with adjusted earnings per share increasing by 6% in the September quarter. CEO Tracy Robinson stated that despite falling volume expectations in the past two years, the railroad operator has maintained top-tier profitability along with excellent operational efficiency.

Canadian National Railway Company (NYSE:CNI) i‍s a m‌ajor North American trans‌portati‌o‍n compa‌ny that moves goods‍ across its⁠ wide-reaching r‍ail network. The company is also exploring hydrogen for rail, as well as battery-electric prototypes, to minimize emissions.