8 Best Hydrogen and Fuel Cell Stocks to Buy for 2026

4. Air Products and Chemicals, Inc. (NYSE:APD)

Analyst Upside: 15.55%

Number of Hedge Fund Holders: 51

Air Products and Chemicals, Inc. (NYSE:APD) ranks among the best hydrogen and fuel cell stocks to buy for 2026. On December 9, Air Products and Chemicals, Inc. (NYSE:APD) stock plummeted 11%, with Bernstein SocGen Group maintaining its Outperform rating and $320 price target for the company’s shares. According to Bernstein analyst James Hooper, the market reaction was something of a “overreaction” after Air Products announced negotiations with Yara to collaborate on major hydrogen megaprojects.

The agreement focuses on Air Products’ Louisiana Clean Energy Complex and Saudi Arabia’s NEOM Green Hydrogen Project, with the goal of covering around 25% of the Darrow project’s costs. Yara is exploring acquiring ammonia production, storage, and shipping facilities for an estimated $2-2.25 billion.

The analyst stated that Air Products’ release was “broadly positive in terms of long-term offtake demand for both blue and green hydrogen,” resolving Bernstein’s main concern around hydrogen demand.

Hooper noted that the frameworks are “supportive” regardless of “lower cash generation and remaining uncertainty” linked with the projects.

Air Products and Chemicals, Inc. (NYSE:APD) is a US-based industrial gases company. It develops, builds, owns, and operates some of the world’s largest clean hydrogen projects.