In this article, we will take a look at the Top 5 Hydrogen Stocks to Buy Now. For a deeper discussion and an expanded list, please see Top 9 Hydrogen Stocks to Buy Now.
5. Bloom Energy Corporation (NYSE:BE)
Bloom Energy Corporation (NYSE:BE) ranks among the top hydrogen stocks to buy now. On May 11, Barclays boosted the price target for Bloom Energy Corporation (NYSE:BE) to $254 from $177, while keeping an Equalweight rating on the company’s shares. The firm raised its price target in response to the company’s quarterly revenue and margin performance, which surpassed estimates.
Barclays analyst Christine Cho remarked that the company is changing its model to raise numbers over the course of its estimate. The adjustment represents a quarterly beat in top line and margins, a boost in forecasts for 2026, and management comments on the longer-term prospects.
Meanwhile, on April 29, BTIG boosted its price target for Bloom Energy Corporation (NYSE:BE) to $295 from $165 while keeping a Buy rating for the company. In addition to its first-quarter 2026 results, the firm highlighted an expanded cooperation with Oracle Corp.
Bloom Energy Corporation (NYSE:BE) struck a master services deal with Oracle for as much as 2.8 gigawatts of fuel cells and granted Oracle a warrant for roughly 3.5 million shares.
Bloom Energy Corporation (NYSE:BE) manufactures and installs power production platforms based on solid oxide fuel cells. Bloom Energy Server turns conventional low-pressure natural gas or biogas into electricity using an electrochemical method that does not include combustion.
4. Air Products and Chemicals, Inc. (NYSE:APD)
Air Products and Chemicals, Inc. (NYSE:APD) ranks among the top hydrogen stocks to buy now. On May 1, BofA Securities boosted Air Products and Chemicals, Inc. (NYSE:APD)’s price target to $305 from $303, retaining a Neutral rating on the company’s shares.
The company announced second-quarter EPS of $3.20, which exceeded BofA’s expectation of $3.04. The beat was driven by cost savings and one-time benefits in Asia linked to cash receipts from assets held pending sale.
Air Products’ third-quarter outlook is consistent with expectations. The new full-year range indicates fourth-quarter earnings of $3.40 to $3.55 per share, lower than the Street average of $3.57.
BofA expects the company to exceed the new range, owing to various levers to meet targets, though EPS may still fall short of double-digit growth.
BofA’s leading issue is the medium-term growth forecast, especially given NEOM headwinds. The firm is in agreement with management that spot market strength in ammonia is not likely to continue.
Air Products and Chemicals, Inc. (NYSE:APD) manufactures and distributes atmospheric gases. It operates in the Americas, Asia, Europe, the Middle East, India, and Corporate and Other.
3. Cummins Inc. (NYSE:CMI)
Cummins Inc. (NYSE:CMI) ranks among the top hydrogen stocks to buy now. On May 22, Bernstein SocGen Group maintained a Market Perform rating on Cummins Inc. (NYSE:CMI) with a $700 price target. According to the firm, Cummins’ stock fell 5% after upgrading its 2030 guidance.
The ratings update followed Cummins’ Q1 earnings report. The company reported a 3% rise in total revenues in Q1 over the same period last year, hitting $8.4 billion. Meanwhile, adjusted net earnings, excluding the effects of a fuel cell unit sale, increased to $853 million from $824 million in the first quarter of 2025.
Additionally, Cummins Inc. (NYSE:CMI) declared that it will be bringing a new 4 megawatt natural gas engine into the data center prime power market, with initial deliveries anticipated in 2028. With EPA restrictions expected in 2027, Cummins’ engine strategy focuses on increasing content, leveraging its most innovative engine platform to achieve share growth, and generating additional aftermarket revenue.
Cummins Inc. (NYSE:CMI) is a U.S.-based firm that designs, manufactures, and services diesel and natural gas engines, electric and hybrid powertrains, and related components. Its segments include Engine, Distribution, Components, Power Systems, and Accelera.
2. BP p.l.c. (NYSE:BP)
BP p.l.c. (NYSE:BP) ranks among the top hydrogen stocks to buy now. On May 11, RBC Capital boosted BP p.l.c. (NYSE:BP) to Outperform from Sector Perform, citing rising commodity prices as a potential opportunity for the oil giant to reduce debt to levels in line with competitors.
RBC expects Brent will be $91/bbl in 2026. Under that notion, BP’s all-in net debt-to-CFFO ratio is expected to reduce from 2.2x in 2025 to 0.9x in 2026 and 0.5x by 2027. Moreover, BP p.l.c. (NYSE:BP) predicts production to stay steady in 2026, in contrast to 2025, with capital expenditures ranging from $13.0 billion to $13.5 billion.
The same day, Argus upgraded BP p.l.c. (NYSE:BP) to Buy from Hold and placed a $50 price objective for the company’s shares following solid first-quarter results. The improved first-quarter earnings reflected higher upstream output, higher realized refining margins, and a significant contribution from oil trading.
BP p.l.c. (NYSE:BP) is an integrated oil and gas corporation that provides carbon products and services. It operates in three segments: gas and low-carbon energy, oil production and operations, and customers/products.
1. Linde plc (NASDAQ:LIN)
Linde plc (NASDAQ:LIN) ranks among the top hydrogen stocks to buy now. On May 5, BofA Securities raised its price objective for Linde plc (NASDAQ:LIN) to $532 from $525, while retaining a Buy rating. The firm raised its 2026 earnings projection by $0.02 per share to $17.88 per share, which remains lower than the first-quarter beat of $0.07 per share, with its second-half 2026 estimates falling slightly.
The main cause of the decreased expectation is a drive to commission a significant portion of the Woodside project by 2027. Linde plc (NASDAQ:LIN) is developing and operating a nearby hydrogen and nitrogen supply plant, which will provide low-carbon hydrogen to Woodside’s substantial blue ammonia production.
Meanwhile, BMO Capital boosted Linde plc (NASDAQ:LIN)’s price objective to $560 from an unspecified previous level while maintaining an Outperform rating on the company’s shares. The firm emphasized near-term pricing stability and solid growth in demand in the US refining, electronics, and manufacturing industries as significant drivers of the elevated target.
Linde plc (NASDAQ:LIN) is a global industrial gas and engineering firm. It designs and manufactures industrial gas production equipment. The company also provides gas production and processing services for olefin, natural gas, air separation, hydrogen, and synthesis gas plants, as well as other plants.
While we acknowledge the potential of LIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LIN and that has 100x upside potential, check out our report about the cheapest AI stock.
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