List of Hydrogen Stocks

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Hydrogen stocks are publicly traded companies whose business involves the use of hydrogen as energy storage or a transportation medium.  See also fuel cell stocks.

This list was last updated on 8/27/2021.

AFC Energy (AFC.L)
Ballard Power Corporation (BLDP)
Bloom Energy Corporation (BE)
Cell Impact AB (CI-B.ST)
Defiance Next Gen H2 ETF (HDRO)
FuelCell Energy (FCEL)
Fusion Fuel Green PLC (HTOO)
Green Hydrogen Systems A/S (GREENH.CO)
Hazer Group Limited (HZR.AX)
HydrogenPro AS (HYPRO.OL)
HydroPhi Technologies Group, Inc. (HPTG)
HyperSolar, Inc (HYSR)
Hynion AS (HYN.OL)
MagneGas Corporation (MNGA)
McPhy Energy SA (MCPHY.PA)
myFC Holding AB (MYFC.ST)
Nikola Corporation (NKLA)
PowerCell Sweden AB (PCELL.ST, PCELF)
Plug Power (PLUG)
PowerHouse Energy Group plc (PHE.L)
Proton Power Systems (PPS.L)
Quantum Fuel Systems (QTWW)
Xebec Absorption (XBC.V or XEBEF)

If you know of any hydrogen stock that is not listed here and should be, please let us know by leaving a comment. Also for stocks in the list that you think should be removed.


  1. Tom, not hydrogen directly but related – you wrote about solid oxide fuel cells a while ago but haven’t mentioned lately. Any suggestions in that niche?

  2. Very helpful list for all sorts of interests. As green clean energy becomes more available and investors with future considerations and opportunities may benefit from these knowledge. Hysr is expected to produce Hydrogen from water and sunlight. PLUG Balard FCEL are more established businesses. Thanks.

    • I generally want hydrogen related businesses to be a significant part of revenue in order to make the list…. SFC does do fuel cells, but as far as I can tell, hydrogen fuel cells are only a small part of its business. Save for Hexagon… they do make hydrogen fuel tanks and pipelines, but it seems to be a tiny part of their business. If I’m wrong about that, please let me know and let me know where you found the info.

  3. Linde a German company has a growing part of hydrogen activities in their bussiness

    I have an other question what i would like to ask. Does anyone know a mixfunds of hydrogen companies? I know of some climate change funds, but the participation of hydrogen is small.

    • I try to include only companies where hydrogen is already a significant part of a company’s business in this list, for the same reason that you are not interested in the existing mutual funds. What percentage of revenues or earnings is Hydrogen for Linde?

      No, there are no hydrogen focused mutual funds yet.

  4. Helpful list, thank you. Shouldn’t FuelCell Energy be listed only under the Fuel Cell list (similar to Bloom and Ceres)? Seems like their fuel cell products also currently use natural gas but I am still learning.

  5. In September Next Hydrogens website says they completed an over subscribed equity private placement. I thought that means they’re issuing shares but not sure what the private means. Can a company stay private and issue equity.


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