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Plug Power, 2 Other Stocks Are Winners in U.S. Hydrogen, Says Analyst

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HSBC analysts initiated coverage of hydrogen technology stocks Plug Power, Bloom Energy, and Chart industries at Buy.

Plug Power “could be at an inflection point” as U.S. clean-hydrogen production expands, one analyst team argued.

Newsletter Sign-up Plug Power “could be at an inflection point,” should sales align with 2023 guidance, as the government allocates more dollars to clean energy and an uptick in liquid hydrogen production lifts profitability at the company, HSBC wrote.

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