8 Best Hydrogen and Fuel Cell Stocks to Buy for 2026

3. Baker Hughes Company (NASDAQ:BKR)

Analyst Upside: 21.38%

Number of Hedge Fund Holders: 54

Baker Hughes Company (NASDAQ:BKR) ranks among the best hydrogen and fuel cell stocks to buy for 2026. On December 24, BMO Capital reiterated its Outperform rating on Baker Hughes Company (NASDAQ:BKR) with a $55 price target. The firm anticipates Baker Hughes’ fourth-quarter 2025 earnings to be roughly in line with forecasts due to solid Industrial & Energy Technology (IET) performance offsetting reduced margins in the Oilfield Services & Equipment (OFSE) division.

Baker Hughes Company (NASDAQ:BKR) is expected to achieve a full-year free cash flow conversion rate of roughly 45–46%, according to BMO Capital, which has trimmed first quarter expectations owing to seasonality. EBITDA is now projected at $1,011 million.

Additionally, on December 22, Technip Energies awarded Baker Hughes Company (NASDAQ:BKR) a contract to provide primary liquefaction equipment for Commonwealth LNG’s planned 9.5 million tonnes annual export facility in Cameron, Louisiana.

The award includes six refrigerant turbo compressors, which are made up of LM9000 aeroderivative gas turbines and centrifugal compressors. The range also includes commissioning services, capital spares, extended warranty, and a complete string test.

Baker Hughes Company (NASDAQ:BKR) is an energy technology company that develops and delivers technologies for the entire hydrogen value chain. Its main products are hydrogen-enabled turbines, compressors, valves, centrifugal pumps, non-metallic pipes, sensors, and monitoring systems.