7. Westport Fuel Systems Inc. (NASDAQ:WPRT)
Westport Fuel Systems Inc. (NASDAQ:WPRT) ranks among the top hydrogen stocks to buy now. On May 15, Westport Fuel Systems Inc. (NASDAQ:WPRT) reported considerable gains in its financial health for the first quarter of 2026, despite a net loss of $0.51 per share. Westport’s Q1 results reflect the company’s strategic shift, including a partnership with Volvo Group and its expansion into the North American market.
Notably, Cespira’s revenue for the quarter increased 33% year-over-year, owing mostly to LNG HPDI truck interest and a second OEM truck test, while Westport’s High-Pressure Controls business increased 21% due to greater engineering service revenues.
In order to position the company and its Cespira venture to secure long-term growth in the heavy-duty decarbonization market, Westport Fuel Systems Inc. (NASDAQ:WPRT) management highlighted suitable LNG market conditions in Europe, developing LNG and CNG infrastructure, as well as robust interest at the ACT Expo regarding its high-pressure CNG storage platform.
Westport Fuel Systems Inc. (NASDAQ:WPRT) designs, manufactures, and supplies advanced fuel systems and components for alternative fuels like natural gas, renewable natural gas, propane, and hydrogen. The company provides these technologies to the global automotive and transportation industries to help create cleaner, more fuel-efficient vehicles and lower emissions.
6. Plug Power Inc. (NASDAQ:PLUG)
Plug Power Inc. (NASDAQ:PLUG) ranks among the top hydrogen stocks to buy now. On May 12, Craig-Hallum boosted its price target for Plug Power Inc. (NASDAQ:PLUG) to $5 from $4, while keeping a Buy rating on the company’s shares. The company reported strong first-quarter results, which represented a further move toward its financial targets.
Plug Power Inc. (NASDAQ:PLUG) posted first-quarter revenue of $165.5 million, which exceeded the Street’s expectation of $139.9 million. The firm also reported a narrower-than-expected adjusted loss of $0.08 per share, which topped analyst projections of $0.09 per share.
Given Plug Power’s lengthy history of losses, Craig-Hallum pointed out that successive quarters of considerably better operating performance are impressive.
Craig-Hallum cited a strong market environment for all of Plug Power’s business segments, particularly sales of hydrogen fuel, electrolysis equipment, and material handling. The firm also claimed that a lower cost structure, increased optimization of Plug Power’s hydrogen production footprint, plus a stronger balance sheet, could meet fiscal 2026 objectives.
Plug Power Inc. (NASDAQ:PLUG) is an alternative energy technology firm. It designs, develops, commercializes, and manufactures hydrogen and fuel cell systems for the material handling and stationary power fields.
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