Direxion Hydrogen ETF (ARCA:HJEN), Trade Ideas

SHEL

Equities

Large Cap

News

Media

Market Vectors RVE Hard Assets Producers ETF

HJEN

Shell plc reportedly inked a deal with the Nigerian government to supply gas to the proposed $3.8 billion Brass methanol facility.

Shell, Nigeria Ink Gas Deal To Fuel $3.8B Methanol Project: Report

BP.New Zealand

Management

First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF

EIPX

BP (NYSE: BP) simplifying organizational structure, integrating regions &amp; functions, while retaining financial reporting structure. 

BP&#39;s New Approach: Streamlines Structure For Efficiency And Clarity

BP Logo

BP Pulse, the electric vehicle charging business of BP, reportedly plans to cut over 10% of its workforce as it focuses on US, UK, Germany, and China markets.

BP Trims Workforce In Its EV Charging Business: Report

Direxion Hydrogen ETF

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/FUAPF"><strong>Global Compliance</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed up 72.62% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/RSSFF"><strong>Affinor Growers</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RSSFF#OTC">RSSFF</a>) shares closed up 26.96% at $0.06</li>
<li><a href="https://www.benzinga.com/quote/BMMJ"><strong>Body and Mind</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed up 21.02% at $0.08</li>
<li><a href="https://www.benzinga.com/quote/CNBX"><strong>CNBX Pharmaceuticals</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNBX#OTC">CNBX</a>) shares closed up 9.62% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/ELLXF"><strong>Elixinol Wellness</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELLXF#OTC">ELLXF</a>) shares closed up 8.57% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CVSI"><strong>CV Sciences</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CVSI#OTC">CVSI</a>) shares closed up 8.09% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/CRBP"><strong>Corbus Pharmaceuticals</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) shares closed up 7.42% at $39.24</li>
<li><a href="https://www.benzinga.com/quote/ITHUF"><strong>iAnthus Capital Hldgs</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>) shares closed up 7.10% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/CWBHF"><strong>Charlottes Web Holdings</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CWBHF#OTC">CWBHF</a>) shares closed up 4.22% at $0.22</li>
<li><a href="https://www.benzinga.com/quote/MGCLF"><strong>Argent Biopharma</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGCLF#OTC">MGCLF</a>) shares closed up 3.85% at $0.27</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/TGIFF"><strong>1933 Industries</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed down 26.67% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/BBRRF"><strong>Blueberries Medical</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BBRRF#OTC">BBRRF</a>) shares closed down 10.95% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/OILFF"><strong>Nextleaf Solutions</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTC">OILFF</a>) shares closed down 8.98% at $0.09</li>
<li><a href="https://www.benzinga.com/quote/FFNTF"><strong>4Front Ventures</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed down 8.89% at $0.09</li>
<li><a href="https://www.benzinga.com/quote/XXII"><strong>22nd Century Group</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 8.19% at $1.62</li>
<li><a href="https://www.benzinga.com/quote/CNPOF"><strong>RIV Capital</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNPOF#OTC">CNPOF</a>) shares closed down 7.92% at $0.07</li>
<li><a href="https://www.benzinga.com/quote/BLGVF"><strong>Belgravia Hartford Cap</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BLGVF#OTC">BLGVF</a>) shares closed down 7.19% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CXXIF"><strong>C21 Investments</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CXXIF#OTC">CXXIF</a>) shares closed down 6.59% at $0.31</li>
<li><a href="https://www.benzinga.com/quote/TCNNF"><strong>Trulieve Cannabis</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) shares closed down 5.95% at $10.74</li>
<li><a href="https://www.benzinga.com/quote/GENE"><strong>Genetic Technologies</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GENE#NASDAQ">GENE</a>) shares closed down 4.92% at $2.32</li>
<li><a href="https://www.benzinga.com/quote/CRLBF"><strong>Cresco Labs</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>) shares closed down 4.76% at $2.00</li>
<li><a href="https://www.benzinga.com/quote/GTBIF"><strong>Green Thumb Industries</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) shares closed down 4.33% at $12.37</li>
<li><a href="https://www.benzinga.com/quote/GNLN"><strong>Greenlane Hldgs</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares closed down 3.04% at $0.63</li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Cannabis

Markets

Movers

BBRRF

BLGVF

BMMJ

CNBX

CNPOF

CRBP

CRLBF

CVSI

CWBHF

CXXIF

ELLXF

FFNTF

FUAPF

GENE

GNLN

GTBIF

ITHUF

MGCLF

OILFF

RSSFF

TCNNF

TGIFF

XXII

Cannabis Stock Movers For April 19, 2024

<p>The tech-heavy Nasdaq 100 index closed Friday&#8217;s session down 2.1%, marking the worst day since late October 2023, and the fourth consecutive week of declines, a negative streak <a href="https://www.benzinga.com/markets">not seen since May 2022</a>.</p>
<p>On a weekly basis, the Nasdaq 100, which is closely tracked by the <strong>Invesco QQQ Trust</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tumbled 5.3%, notching its worst performance since October 2022.</p>
<h3 class="wp-block-heading">Chart: Nasdaq 100 Notches Worst Week Since October 2022</h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19161211/image-129-1024x495.png" alt="" class="wp-image-300691" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19161211/image-129-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19161211/image-129-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19161211/image-129-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19161211/image-129-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19161211/image-129.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<h3 class="wp-block-heading">What Happened To Tech Stocks?</h3>
<p>Friday&#8217;s downturn echoes an already pessimistic sentiment surrounding U.S. tech stocks. </p>
<p>Delays in interest rate cuts, mixed guidance from corporate earnings, and growing geopolitical risks have formed a detrimental environment for tech companies. </p>
<p>During the week, Federal Reserve Chair <strong>Jerome Powell</strong> dismissed the possibility of rate cuts, citing a lack of confidence in the pace of disinflation. </p>
<p>Renowned veteran Wall Street investor <strong>Ed Yardeni</strong> said: &#8220;The Fed is in no rush to lower interest rates,&#8221; suggesting the Federal Open Market Committee could afford to take &#8220;the rest of the year off.&#8221;</p>
<p>Adding to that, what really tanked tech stocks this week has been the broad-based losses within the semiconductor industry, triggered by weaker guidance from <strong>ASML Holding N.V.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and <strong>Taiwan Semiconductor Manufacturing Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).</p>
<p>The <strong>VanEck Semiconductor ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) experienced a 10% decline, marking its worst performance since January 2022, prompting investors to reassess the outlook for the artificial intelligence sector.</p>
<p>Even high-performing <strong>Nvidia Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was not immune to the downturn, plummeting by 12.9% this week, its most significant decline since August 2022.</p>
<p>Compounding the already complex situation were geopolitical tensions, with Israel responding to Iranian attacks within a week. Israel&#8217;s limited response eased the possibility of further escalation, yet it also underscored the failure to heed calls from President<strong> Joe Biden</strong> and other allies to refrain from retaliating.</p>
<p>As the week drew to a close, investors exhibited a lack of confidence in expanding their exposure to equity risks.</p>
<h3 class="wp-block-heading">Technical Indicators Signal Bearish Trends For The Nasdaq 100</h3>
<p>The Nasdaq 100 breached its 100-day moving average for the first time since October 2023, signaling a potential end to the six-month-long bull market.</p>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154345/image-126-1024x495.png" alt="" class="wp-image-300656" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154345/image-126-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154345/image-126-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154345/image-126-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154345/image-126-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154345/image-126.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p>The breadth of the tech market appears exceedingly weak, with only 22% of stocks trading above the 50-day moving average, the lowest level since late October 2023. </p>
<p>Additionally, a mere 9% of stocks are trading above the 20-day moving average.</p>
<p>&nbsp;Read now: <em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38338720/canadas-capital-gains-tax-rate-jumps-to-67-highly-indebted-western-governments-have">Canada&#8217;s Capital Gains Tax Rate Jumps To 67%: &#8216;Highly Indebted Western Governments Have Promises To Keep, Wars To Fund,&#8217; Strategist Says</a></em></p>
<p><em>Photo via Shutterstock. </em></p>


Macro Notification

Market Summary

Broad U.S. Equity ETFs

Econ #s

Tech

ETFs

ASML

NVDA

Nasdaq 100 Notches Worst Day Since Late 2023, Worst Week Since Late 2022 As AI-Driven Chipmakers Tumble: Fed Can Take 'The Rest Of The Year Off'

<p>A criminal trial for former President <strong>Donald Trump</strong> continued with the<a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate"> jury selection process</a> Friday, but saw a brief interruption outside as a protestor set themselves on fire.</p>
<p><strong>What Happened: </strong>Entering Friday, the<a href="https://www.benzinga.com/general/politics/24/04/38251447/trump-hush-money-trial-preview-key-witnesses-2024-campaign-impact-prison-time-trump-could-face-i"> hush money trial against Trump </a>had selected 12 of the 12 jurors needed and one alternate out of six needed.</p>
<p>After the jury selection process was completed with a sixth alternate seated, attention by media covering the event shifted to a commotion in a designated protest area outside the courtroom, where a man set himself on fire. The incident ended up being shown briefly on television, and video of the man has circulated on social media.</p>
<p>The protestor is a man identified as <strong>Maxwell Azzarello</strong> of St. Augustine, Florida, according to a <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-hush-money-trial-day-4-live-updates-rcna145937">report </a>from NBC News.</p>
<p>At the time of writing, Azzarello is alive and in critical condition at the Weill Cornell Medicine – Burn Center.</p>
<p>Witnesses have recalled the man throwing pamphlets in a park near the courthouse. He later doused himself with an accelerant and lit himself on fire.</p>
<p>"The pamphlets appear to be propaganda-based, almost a conspiracy theory type of pamphlet. Some information in regards to Ponzi scheme and the fact that some of our local educational institutes are fronts for the mob. So, a little bit of a conspiracy theory going on here," NYPD Chief of Detectives <strong>Joseph Kenny</strong> said.</p>
<p>Police officers helped put the man on fire out with fire extinguishers and coats. Four police officers have suffered minor injuries related to the fire, according to the report.</p>
<p>The NYPD spoke to Azzarello's family members, who said they were unaware he was in New York. It was believed that he arrived in the city earlier this week.</p>
<p>The Trump campaign issued a statement on the incident and sent condolences to witnesses.</p>
<p><em>Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">Trump Hush Money Trial Draws Reaction From Congressman, Talk Show Hosts: &#8216;Worse Than Anything Richard Nixon Ever Did&#8217;</a></em></p>
<p><strong>Why It's Important</strong>: The fire briefly overshadowed the trial taking place in the New York City courtroom.</p>
<p>With six alternates now seated, the trial looks set to begin its next phase on Monday morning.</p>
<p>NBC News reported that many potential jurors questioned Friday expressed doubts about their ability to remain impartial in the case.</p>
<p>Some spoke positively about Trump and others questioned beliefs associated with the Republican Party, such as women&#8217;s rights. This could provide a look at what voters are thinking about heading into the 2024 election, NBC News said.</p>
<p>After the jury selection process was completed, lawyers for the prosecution and defense discussed what Trump's testimony could look like in the trial, including cross-examination.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38324973/biden-vs-trump-one-candidate-dominates-youth-vote-in-new-poll-how-guilty-verdict-could-impact-20">Biden Vs. Trump: One Candidate Dominates Youth Vote In New Poll, How Guilty Verdict Could Impact 2024 Election Results</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Politics

Legal

Protester Sets Self On Fire Outside Trump Hush Money Trial; Jury Selection Concludes Before Monday's Opening Arguments

TAST

Carrols Restaurant 13D Filing Shows Gabelli Funds, LLC Reported A 3.27% Stake In The Co As Of April 15, 2024

<p>Millions of Indian citizens started the voting process Friday in what will be<a href="https://in.benzinga.com/"> a six-week-long election process</a>. </p>
<p>The election will serve as a referendum against <strong>Prime Minister Narendra Modi</strong>, a populist politician seeking his third term as the country&#8217;s leader.<br /><br />Narendra is a member of a right-wing Bharatiya Janata Party, which adheres to a Hindu nationalist ideology. </p>
<p>He has supported economic initiatives that include allowing for more foreign investment into India's growing sectors. Because of India's massive population of nearly 1.5 billion, almost one-fifth of the world's population, the country is an attractive emerging market opportunity for foreign investors in the U.S. and other countries.<br /><br />Under Narendra's leadership, the poverty rate in India has dropped nearly 10% in the last decade, coming down to around 80% from 90%. The poverty rate, measured by MacroTrends, is measured by the amount of people earning less than $5.50 U.S. dollars a day.</p>
<p><em>See Also:<a href="https://in.benzinga.com/content/38328722/apple-iphones-could-soon-use-made-in-india-chips-from-upcoming-gujarat-plant"> Apple iPhones Could Soon Use Made-In India Chips From Upcoming Gujarat Plant</a><br /></em><br />But, while more people appear to be coming out of poverty in the country, India's economic growth has actually slowed down under Narendra compared to the previous administration of <a href="https://www.bbc.com/news/world-asia-india-57437944"><strong>Manmohan Singh, </strong>according to the BBC.<br /><br /></a>The <strong>iShares MSCI Inda ETF</strong> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/INDA#BATS">INDA</a>) is up more than 90% since the fund's inception in 2012. Meanwhile, the<strong> Franklin FTSE India ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLIN#NYSE">FLIN</a>) is up more than 50% since it debuted in 2018.<br /><br />Narendra is going for a third-straight term as the Prime Minister of India, but is not running without competition. A coalition of more than 20 parties, called the<strong> INDIA coalition</strong>, is opposing Narendra, but has not decided who will lead the country if successful. </p>
<p>Polls predict that Narendra will win, <a href="https://apnews.com/article/india-election-voting-begins-7ea0983c9b7bc7506c8457f44afcfd64">according to AP News.&nbsp;</a></p>
<p><em>Read Next: <a href="https://in.benzinga.com/content/38330413/if-you-invested-10-000-in-infosys-when-salil-parekh-became-ceo-heres-how-much-youd-have-today">If You Invested ₹10,000 In Infosys When Salil Parekh Became CEO, Here&#8217;s How Much You&#8217;d Have Today</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Global

General

FLIN

INDA

India Begins Its 6-Week Election Process: Here's How It Could Impact Stocks

Lee Enterprises 13D Filing Shows GAMCO Asset Management Inc. Reported A 2.76% Stake In The Co As Of April 15, 2024

HEPA

Trading Halt: Halted at 4:25:20 p.m. ET - Trading Halt: Halt News Pending

<p>C&amp;F Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFFI#NASDAQ">CFFI</a>) reported quarterly earnings of $1.01 per share. This is a 45.7 percent decrease over earnings of $1.86 per share from the same period last year.  The company reported $23.16 million in sales this quarter. This is a 7.21 percent decrease over sales of $24.96 million the same period last year.</p>


Earnings

CFFI

C&F Financial Q1 EPS $1.01 Down From $1.86 YoY, Sales $23.16M Down From $24.96M YoY

DASH

Jeff Blackburn Joins DoorDash Board Of Directors

<p>Tupperware Brands Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) (the "Company") announced today the status of its filing of its 2023 financial statements.&nbsp; Following the Company's engagement of its new auditor, KPMG LLP, in late January 2024, the Company became current in the filing of its quarterly financial statements for the first three quarters of 2023, on March 29, 2024. The Company is currently working to complete the preparation, audit and filing of its full-year 2023 financials in its Annual Report on Form 10-K for the fiscal year ended December 30, 2023 (the "Form 10-K"), which was initially due on March 29, 2024, but which the Company previously announced would be delayed.</p>
<p>As expected, the Company received a notice (the "NYSE Notice") from the New York Stock Exchange (the "NYSE") on April 16, 2024 indicating the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual because the Company has not timely filed its Form 10-K with the Securities and Exchange Commission (the "SEC"). &nbsp;The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The NYSE informed the Company that the Company will have six months from March&nbsp;29, 2024 to file the Form 10-K with the SEC to regain compliance with this NYSE continued listing standard. If the Company fails to file the Form 10-K within the six-month period, then the NYSE may, in its sole discretion, grant a further extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances.</p>


Tupperware Brands Receives NYSE Notice Regarding Late 2023 10-K Filing

Offerings

Esquire Financial Holdings Inc Files For Mixed Shelf Of Up To $100M

PKBK

Parke Bancorp Q1 Revenue $30.50M

<p>BCB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCBP#NASDAQ">BCBP</a>) reported quarterly earnings of $0.32 per share which missed the analyst consensus estimate of $0.34 by 5.88 percent.</p>


Earnings Misses

BCBP

BCB Bancorp Q1 2024 GAAP EPS $0.32 Misses $0.34 Estimate

<p>Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>) reported quarterly earnings of $0.51 per share. This is a 44.57 percent decrease over earnings of $0.92 per share from the same period last year.</p>


Parke Bancorp Q1 EPS $0.51 Down From $0.92 YoY

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Synopsys</strong>.</p>
<p>Looking at options history for Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) we detected 18 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.</p>
<p>From the overall spotted trades, 10 are puts, for a total amount of $517,929 and 8, calls, for a total amount of $487,507.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $450.0 to $600.0 for Synopsys over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Synopsys's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Synopsys's whale trades within a strike price range from $450.0 to $600.0 in the last 30 days. </p>
<h3>Synopsys Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713557791_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$21.2</td>
<td>$19.6</td>
<td>$21.2</td>
<td>$540.00</td>
<td>$154.7K</td>
<td style="text-align: right;">985</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$14.7</td>
<td>$14.6</td>
<td>$14.7</td>
<td>$520.00</td>
<td>$132.3K</td>
<td style="text-align: right;">62</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$17.4</td>
<td>$16.9</td>
<td>$16.99</td>
<td>$550.00</td>
<td>$94.8K</td>
<td style="text-align: right;">708</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$64.9</td>
<td>$59.7</td>
<td>$62.6</td>
<td>$580.00</td>
<td>$87.6K</td>
<td style="text-align: right;">118</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$47.0</td>
<td>$45.8</td>
<td>$47.0</td>
<td>$560.00</td>
<td>$65.8K</td>
<td style="text-align: right;">122</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Synopsys</h3>
<p>Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.</p>
<h3>Where Is Synopsys Standing Right Now?</h3>
<ul>
<li>With a volume of 1,177,769, the price of SNPS is down -1.73% at $510.71. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 26 days.</li>
</ul>
<h3>Expert Opinions on Synopsys</h3>
<p>3 market experts have recently issued ratings for this stock, with a consensus target price of $646.6666666666666.</p>
<ul>
<li>An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $660. </li>
<li>An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $665. </li>
<li>Reflecting concerns, an analyst from Rosenblatt lowers its rating to Buy with a new price target of $615.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Synopsys options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

SNPS

Check Out What Whales Are Doing With SNPS

<p>Deep-pocketed investors have adopted a bearish approach towards Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GL usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Globe Life. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 30% leaning bullish and 69% bearish. Among these notable options, 4 are puts, totaling $237,206, and 9 are calls, amounting to $364,943.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $105.0 for Globe Life, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Globe Life options trades today is 716.4 with a total volume of 2,691.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Globe Life's big money trades within a strike price range of $40.0 to $105.0 over the last 30 days.</p>
<h3>Globe Life Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713557786_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.75</td>
<td>$2.55</td>
<td>$2.6</td>
<td>$75.00</td>
<td>$105.3K</td>
<td>1.3K</td>
<td style="text-align: right;">502</td>
</tr>
<tr>
<td>GL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$36.0</td>
<td>$33.3</td>
<td>$34.68</td>
<td>$100.00</td>
<td>$104.0K</td>
<td>30</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$7.9</td>
<td>$7.6</td>
<td>$7.8</td>
<td>$70.00</td>
<td>$74.8K</td>
<td>440</td>
<td style="text-align: right;">202</td>
</tr>
<tr>
<td>GL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.6</td>
<td>$10.5</td>
<td>$11.25</td>
<td>$70.00</td>
<td>$49.5K</td>
<td>31</td>
<td style="text-align: right;">46</td>
</tr>
<tr>
<td>GL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$4.3</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$70.00</td>
<td>$39.7K</td>
<td>1.4K</td>
<td style="text-align: right;">684</td>
</tr>
</tbody>
</table>
</p>
<h3>About Globe Life</h3>
<p>Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.</p>
<p>In light of the recent options history for Globe Life, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Globe Life</h3>
<ul>
<li>Currently trading with a volume of 3,025,206, the GL's price is up by 2.68%, now at $66.74. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 3 days.</li>
</ul>
<h3>Expert Opinions on Globe Life</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $118.4.</p>
<ul>
<li>Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Globe Life, targeting a price of $125. </li>
<li>An analyst from Piper Sandler persists with their Overweight rating on Globe Life, maintaining a target price of $130. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Globe Life, targeting a price of $132. </li>
<li>Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for Globe Life, targeting a price of $130. </li>
<li>An analyst from Evercore ISI Group persists with their In-Line rating on Globe Life, maintaining a target price of $75. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Globe Life with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Looking At Globe Life's Recent Unusual Options Activity

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Marvell Tech</strong>.</p>
<p>Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 34 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.</p>
<p>From the overall spotted trades, 24 are puts, for a total amount of $1,643,952 and 10, calls, for a total amount of $1,100,997.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $90.0 for Marvell Tech, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marvell Tech's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marvell Tech's substantial trades, within a strike price spectrum from $50.0 to $90.0 over the preceding 30 days.</p>
<h3>Marvell Tech Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713557780_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$6.45</td>
<td>$6.35</td>
<td>$6.35</td>
<td>$55.00</td>
<td>$635.0K</td>
<td>42</td>
<td>274</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.84</td>
<td>$75.00</td>
<td>$317.1K</td>
<td>1.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$2.25</td>
<td>$2.22</td>
<td>$2.25</td>
<td>$65.00</td>
<td>$281.2K</td>
<td>2.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$5.2</td>
<td>$5.1</td>
<td>$5.15</td>
<td>$55.00</td>
<td>$154.5K</td>
<td>2.1K</td>
<td>300</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.45</td>
<td>$1.43</td>
<td>$1.44</td>
<td>$90.00</td>
<td>$118.5K</td>
<td>1.3K</td>
<td>1.7K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Marvell Tech</h3>
<p>Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.</p>
<h3>Marvell Tech's Current Market Status</h3>
<ul>
<li>With a trading volume of 14,439,124, the price of MRVL is down by -4.77%, reaching $62.13.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 34 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $89.8.</p>
<ul>
<li>An analyst from Evercore ISI Group downgraded its action to Outperform with a price target of $88. </li>
<li>In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $95. </li>
<li>Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $85.</li>
<li>Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Marvell Tech with a target price of $95. </li>
<li>Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Marvell Tech with a target price of $86. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Marvell Tech, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


MRVL

Check Out What Whales Are Doing With MRVL

<p>Park Ntl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PRK#AMEX">PRK</a>) reported quarterly earnings of $2.17 per share which beat the analyst consensus estimate of $1.83 by 18.58 percent.</p>


Earnings Beats

Park Ntl Q1 2024 GAAP EPS $2.17 Beats $1.83 Estimate

ASTR

On April 17, Astra Space Inc  Got Deficiency Notice From Nasdaq That Co Is Not In Compliance With Rule 5450(a)(1) Of Listing Requirements

Insider Trades

Morgan Stanley Form4 Filing Shows Chairman James P Gorman Sold 100,000 Shares Of Common Stock At A Price Of $90.21/Share

A Return To Reality In The Path Towards Scaling Up Hydrogen

Resource Sector Considerations For 2024

Most Economic Indicators Tell Me The Fed Should Cut Rates Sooner, Not Later

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">Hydrogen stocks</a> could get explosive. </p>



<p>In fact, with the market valued at $158.8 billion in 2023, it could be worth nearly $260 billion by 2028, according to&nbsp;<a href="https://www.marketsandmarkets.com/Market-Reports/hydrogen-generation-market-494.html#:~:text=Hydrogen%20Generation%20Market%20Size%2C%20Share,10.2%25%20from%202023%20to%202028."><em>Markets and Markets</em></a><strong>.&nbsp;</strong>Even&nbsp;<a href="https://www.goldmansachs.com/intelligence/pages/from-briefings-17-february-2022.html">Goldman Sach</a>s says at least $5 trillion of investment is still needed in the hydrogen supply chain if we want to hit net zero.</p>



<p>&ldquo;Clean hydrogen is the &lsquo;Swiss Army Knife&rsquo; of zero-carbon solutions because it can do just about everything,&rdquo; according to <a href="https://www.cnbc.com/2023/10/31/why-some-clean-hydrogen-hubs-in-the-us-plan-to-use-natural-gas.html">U.S. Energy Secretary Jennifer Granholm</a>. </p>



<p>While you won&rsquo;t get rich overnight from these hydrogen stocks, you may still want to strongly consider them.</p>



<h2><strong>Air Products and Chemicals (APD)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div>


<p>After gapping form about $256 to about $212,&nbsp;<strong>Air Products and Chemicals</strong>&nbsp;(NYSE:<span><a href="https://investorplace.com/stock-quotes/apd-stock-quote/"><strong>APD</strong></a></span>) is starting to pivot from oversold RSI, MACD, and Williams&rsquo; %R.&nbsp;</p>



<p>From its current price of $228.09, I&rsquo;d eventually like to see it refill its bearish gap around $256 again shortly. As we wait for the company to recover, we can collect its dividend. APD just increased its quarterly dividend to $1.77 per share, payable on May 13 to shareholders of record, as of April 1.</p>



<p>Recently, analysts at&nbsp;Bank of America <a href="https://seekingalpha.com/news/4067818-air-products-and-chemicals-rises-with-upgrade-at-bofa?feed_item_type=news&amp;utm_medium=referral&amp;utm_source=msn.com">upgraded</a> APD to a buy rating. <a href="https://seekingalpha.com/news/4067818-air-products-and-chemicals-rises-with-upgrade-at-bofa?feed_item_type=news&amp;utm_medium=referral&amp;utm_source=msn.com">According</a> to <em>Seeking Alpha</em>, the firm noted that APD &ldquo;has an&nbsp;attractive valuation, a stable business, and significant growth potential from clean-energy projects.&rdquo;</p>



<p>&ldquo;We remain committed to striking the right balance of returning cash to our shareholders and investing in our growth opportunities. We expect to return approximately&nbsp;$1.6 billion&nbsp;to our shareholders in 2024, extending our track record of more than 40 years of increasing the dividend,&rdquo; Chairman, President and Chief Executive Officer&nbsp;Seifi <a href="https://www.airproducts.com/company/news-center/2024/01/0125-air-products-increases-quarterly-dividend">Ghasemi&nbsp;added</a>.</p>



<h2><strong>Plug Power (PLUG)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/plug1600-1-300x169.png" alt="Person holding mobile phone with logo of American hydrogen fuel cell company Plug Power Inc. (PLUIG) on screen in front of webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>


<p>Another one of the hottest hydrogen stocks to buy and hold is&nbsp;<strong>Plug Power</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a></span>).</p>



<p>Over the last few weeks, PLUG doubled on <a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Power-Completes-First-Customer-Fill-of-Liquid-Green-Hydrogen-at-its-Georgia-Plant/default.aspx#:~:text=Plug%27s%20Georgia%20plant%20currently%20operates,the%20process%20was%20completed%20in">reports</a> of a new&nbsp;hydrogen plant in Georgia which can reportedly produce about 15 tons of liquid electrolytic hydrogen. Also, it was upgraded by&nbsp;<a href="https://investorplace.com/2024/01/roth-mkm-just-doubled-its-price-target-on-plug-power-plug-stock/#:~:text=The%20big%20news%20that%20has,an%20upgrade%20for%20PLUG%20stock.">analysts at Roth MKM</a>&nbsp;to a buy with a price target of $9.&nbsp;</p>



<p>Additionally, PLUG said it&nbsp;would <a href="https://www.h2-view.com/story/plug-power-confirms-job-cuts-as-part-of-75m-cost-cuts/2106136.article/#:~:text=Plug%20Power%20has%20announced%20jobs,operational%20excellence%20and%20fiscal%20responsibility.%E2%80%9D">reduce</a> annual expenses by $75 million, which will include job cuts as well. And the company noted it finalized negotiations with the&nbsp;<a href="https://www.reuters.com/markets/commodities/plug-power-starts-liquid-green-hydrogen-production-2024-01-23/">U.S. Department of Energy</a>&nbsp;for a loan facility of $1.6 billion. However, don&rsquo;t rush to buy just yet. After running from about $2.26 to $5.14 over the last few weeks, it&rsquo;s seeing some healthy profit-taking.&nbsp;Look to buy PLUG on dips.</p>



<h2><strong>Direxion Hydrogen ETF (HJEN)</strong></h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/etf-up-arrow-300x169.jpg" alt="graphic of the phrase ETF sitting on a computer in front of an increasing line graph on top of a bar graph. Best Funds for Aggressive Investors. Best Growth ETFs"><div>Source: Shutterstock</div></div>


<p>Or, we can diversify at a low cost with an exchange traded fund (<strong>ETF</strong>), like the&nbsp;<strong>Direxion Hydrogen ETF</strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/hjen-stock-quote/"><strong>HJEN</strong></a></span>). </p>



<p>Trading at $10.75, with an expense ratio of 0.45%, the ETF holds positions in hydrogen production and generation stocks, hydrogen storage and supply, fuel cells, batteries, systems, and solutions. Some of its top holdings include&nbsp;<strong>Bloom Energy</strong>&nbsp;(NYSE:<span><a href="https://investorplace.com/stock-quotes/be-stock-quote/"><strong>BE</strong></a></span>),&nbsp;<strong>Air Liquide</strong>&nbsp;(OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/aiquy-stock-quote/"><strong>AIQUY</strong></a></span>),&nbsp;<strong>Ballard Power</strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bldp-stock-quote/"><strong>BLDP</strong></a></span>),&nbsp;<strong>FuelCell Energy</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/fcel-stock-quote/"><strong>FCEL</strong></a></span>), and Plug Power, to name a few.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em><em></em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/02/3-millionaire-maker-hydrogen-stocks-to-buy-in-february-2024/">3 Millionaire-Maker Hydrogen Stocks to Buy in February 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Millionaire-Maker Hydrogen Stocks to Buy in February 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Not to beat a dead horse, but I&rsquo;m a big fan of some of the top <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a> to buy.&nbsp;</p>



<p><a href="https://investorplace.com/2024/02/hydrogen-powerhouses-our-3-top-stock-picks-from-the-sector/#:~:text=Two%2C%20according%20to%20E%26E%20News,hubs%27%20projects%20from%20being%20realized.">As I said a few days ago</a>, &ldquo;all seven of the Department of Energy&rsquo;s hydrogen hubs are asking the Treasury Department to loosen the rules, too. They argue that&nbsp;&lsquo;the Treasury guidance is &lsquo;overly restrictive&rsquo;&rsquo; and would prevent many of the hubs&rsquo; projects from being realized. DOE plans to fund the regional hubs with $7 billion from the climate law.&rdquo;</p>



<p>Now we&rsquo;re learning the battle could wind up in court. &ldquo;If the regulations become final this year, disappointed hydrogen producers are poised to turn to a different remedy &mdash; lawsuits,&rdquo;&nbsp;<a href="https://www.eenews.net/articles/hydrogen-industry-preps-legal-challenge-to-biden-tax-rules/#:~:text=The%20hydrogen%20credit%20rules%20could,to%20a%20different%20remedy%20%E2%80%94%20lawsuits.">as noted by E&amp;E News</a>.&nbsp;</p>



<p>Hopefully, the Biden Administration will loosen the rules, and put all of this to bed, which could fuel much-needed growth in some of the top hydrogen stocks to buy, including:<strong></strong></p>



<h2><strong>Air Products and Chemicals (APD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div><p>Just a few days ago,&nbsp;<a href="https://investorplace.com/2024/02/hydrogen-powerhouses-our-3-top-stock-picks-from-the-sector/">I noted</a>, &ldquo;From&nbsp;<strong>Air Products and Chemicals&rsquo;&nbsp;</strong>(NYSE:<a href="https://investorplace.com/stock-quotes/apd-stock-quote/"><strong>APD</strong></a>) current price of $228.09, I&rsquo;d eventually like to see it refill its bearish gap around $256 again shortly. As we wait for the company to recover, we can collect its dividend.&rdquo;&nbsp;</p>



<p>At the time, Bank of America had just upgraded APD to a buy rating, liking the stock&rsquo;s valuation and its potential growth potential from clean energy projects. Analysts at Wolfe Research also initiated coverage of APD with an outperform rating, with a price target of $279. With that, APD is up to $236 and could refill its bearish gap around $255 at current pace.&nbsp;</p>



<p>At its current price, it&rsquo;s still one of the top hydrogen stocks to buy. Even better, as we wait for that bearish gap to refill, we can still collect its yield of 3%. In late January, the company&nbsp;increased the&nbsp;<a href="https://www.airproducts.com/company/news-center/2024/01/0125-air-products-increases-quarterly-dividend">quarterly dividend to $1.77 per share</a>. Its payable on May 13 to shareholders of record at the close of business on April 1. This is now the company&rsquo;s 42nd consecutive yearly increase.&nbsp;</p>



<h2><strong>Linde (LIN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/lin_linde_1600-300x169.png" alt="Logo of Linde AG (LIN) in Hanover, Germany - The Linde Group is a multinational chemical company"><div>Source: nitpicker / Shutterstock.com</div></div><p><a href="https://investorplace.com/2024/01/the-3-most-undervalued-hydrogen-stocks-to-buy-in-january/">On Jan. 17</a>, I mentioned&nbsp;<strong>Linde</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/cryptocurrency/lin/"><strong>LIN</strong></a>), as it traded at around $404. At the time, I noted, &ldquo;I&rsquo;d like to see it closer to $480 if and when President Biden loosens the hydrogen tax credits. Better, the company continues to grow. Late last year, for example,&nbsp;LIN increased daily production to 30 tons per day at its Alabama facility.&rdquo;&nbsp;</p>



<p>Nowadays, LIN trades at $449, and I still believe it could test $480 near term. Helping, the company just raised its dividend by 9% to $1.39 a share. That&rsquo;s payable on March 28 to shareholders of record as of March 14.&nbsp;</p>



<p>Even better, LIN earnings were impressive. In its most recent quarter, EPS of $3.59 beat by nine cents. Revenue of $8.3 billion &ndash; up 5.1% year over year &ndash; beat by $230 million. Moving forward, it expects to see first quarter EPS growth of 6% to 9%. Full-year adjusted EPS is expected to come in between 8% and 15%, or $15.25 to $15.65.</p>



<h2><strong>Direxion Hydrogen ETF (HJEN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/hydrogen-molecule-400x225-1-300x169.jpg" alt="3D illustration of Hydrogen molecule"><div>Source: Corona Borealis Studio / Shutterstock.com</div></div><p>We can also look at the&nbsp;<strong>Direxion Hydrogen ETF</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HJEN#NYSE">HJEN</a>), which I last mentioned on&nbsp;<a href="https://investorplace.com/2024/01/the-3-most-undervalued-hydrogen-stocks-to-buy-in-january/">Jan. 17, as it traded at $10.50</a>. Today, after testing a high of $11.55, it&rsquo;s now back to $10.90. From here, should the Biden Administration loosen its hydrogen rules, I&rsquo;d like to see the ETF rally back to $12.40.</p>



<p>With an expense ratio of 0.45%, the ETF&nbsp;offers exposure to 30 companies in five hydrogen-related sub-themes, including those that&nbsp;benefit from hydrogen production and generation, fuel cells and batteries and storage and supply.&nbsp;Some of its top holdings include&nbsp;<strong>Air Liquide</strong>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AIQUY#OTC">AIQUY</a>),&nbsp;<strong>Shell PLC</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>),&nbsp;<strong>Bloom Energy</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>),&nbsp;<strong>Plug Power&nbsp;</strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>),&nbsp;<strong>BP&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) and&nbsp;Air Products and Chemicals.</p>



<p>Remember, one of the best reasons to invest in an ETF is for diversification at a lower cost. If we were to buy all of the ETF&rsquo;s 30 holdings individually, it would cost a fortune. We can still gain exposure to all 30 and just pay less than $11 for the fund.<strong><em></em></strong></p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
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<p>The post <a href="https://investorplace.com/2024/03/the-top-3-hydrogen-stocks-to-buy-in-march-2024/">The Top 3 Hydrogen Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The Top 3 Hydrogen Stocks to Buy in March 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Just days ago, the Department of Energy announced a&nbsp;<a href="https://www.energy.gov/articles/biden-harris-administration-announces-750-million-support-americas-growing-hydrogen">$750 million investment</a>&nbsp;in 52 U.S. projects that will cut the cost of clean hydrogen and &ldquo;reinforce America&rsquo;s global leadership in the growing clean hydrogen industry,&rdquo; as noted by Energy.gov. All of which should be a sizable catalyst for <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a>.</p>



<p>&ldquo;The projects are expected to enable U.S. manufacturing capacity to produce 14 gigawatts of fuel cells per year, enough to power 15% of medium- and heavy-duty trucks sold each year, and 10 gigawatts of electrolyzers per year, enough to produce an additional 1.3 million tons of clean hydrogen per year,&rdquo;&nbsp;<a href="https://www.energy.gov/articles/biden-harris-administration-announces-750-million-support-americas-growing-hydrogen">they added</a>.</p>



<p>Even better,&nbsp;<a href="https://www.prnewswire.com/news-releases/hydrogen-market-worth-410-6-billion-by-2030---exclusive-report-by-marketsandmarkets-301886077.html">according to MarketsandMarkets</a>, the global hydrogen market could be worth about $410.6 billion by 2030 as compared $242.7 billion in 2023. All as global governments focus on developing hydrogen-fueled, cleaner energy economies, and needed infrastructure. After all, hydrogen emits only water vapor and warm air, with no greenhouse gas emissions.</p>



<p>As investors wake up, you may want to consider buying hydrogen stocks, such as:</p>



<h2><strong>Air Products and Chemicals (APD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div><p>Since the start of February,&nbsp;<strong>Air Products and Chemicals</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/apd-stock-quote/"><strong>APD</strong></a>) jumped from about $212 to a recent high of $244.63. From here, I&rsquo;d still like to see APD refill its bearish gap around $260 initially. From there, it could easily test $272 as the hydrogen story gains momentum.</p>



<p>Plus, as we wait for the stock to recover more lost ground, we can collect its dividend of $1.77, which is payable on May 13 to shareholders as of April 1.</p>



<p><a href="https://www.airproducts.com/company/news-center/2024/01/0125-air-products-increases-quarterly-dividend">Air Products Chairman, President and Chief Executive Officer&nbsp;Seifi Ghasemi&nbsp;added</a>, &ldquo;We remain committed to striking the right balance of returning cash to our shareholders and investing in our growth opportunities. We expect to return approximately $1.6 billion to our shareholders in 2024, extending our track record of more than 40 years of increasing the dividend, while continuing to execute high-return industrial gas and clean hydrogen projects that advance sustainability and the energy transition.&rdquo;</p>



<p><a href="https://www.investing.com/news/stock-market-news/jpmorgan-maintains-overweight-rating-on-air-products-stock-93CH-3336573">JP Morgan also just reiterated its overweight rating</a>&nbsp;on the APD stock, citing APD&rsquo;s strategic focus on green hydrogen production for the European market.&nbsp;</p>



<h2><strong>Linde (LIN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/lin_linde_1600-300x169.png" alt="Logo of Linde AG (LIN) in Hanover, Germany - The Linde Group is a multinational chemical company"><div>Source: nitpicker / Shutterstock.com</div></div><p><strong>Linde</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lin-stock-quote/"><strong>LIN</strong></a>) is one of the top hydrogen stocks I mention most often. All because it continues to trend higher with a solid dividend to boot. Granted, it&rsquo;s become technically overbought, and in desperate need of a pullback. But I still like LIN for the long haul.</p>



<p>The last time I mentioned the LIN stock, it traded at around $448 on&nbsp;<a href="https://investorplace.com/2024/03/the-top-3-hydrogen-stocks-to-buy-in-march-2024/">March 4</a>. At the time, I noted, &ldquo;Nowadays, LIN trades at $449, and I still believe it could test $480 near term. Helping, the company just raised its dividend by 9% to $1.39 a share. That&rsquo;s payable on March 28 to shareholders of record as of March 14.&rdquo;</p>



<p>While LIN didn&rsquo;t hit $480 just yet, it did come within $3 of that target. Helping, &ldquo;The company&rsquo;s pricing strategy and cost management initiatives have contributed to margin expansion and strong earnings growth expected in FY24,&rdquo;&nbsp;<a href="https://seekingalpha.com/article/4677197-linde-maintain-buy-strong-eps-growth-indicated-in-fy24-from-pricing-cost-management">as noted by Seeking Alpha</a>. &ldquo;A significant takeaway from their FY24 guidance is the projection of 8%-11% of adjusted EPS growth.&rdquo;</p>



<h2><strong>Direxion Hydrogen ETF (HJEN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/hydrogen-silos-300x169.png" alt="An image of hydrogen fuel silos standing against a blue sky"><div>Source: Audio und werbung / Shutterstock</div></div><p>While its chart may not look exciting, don&rsquo;t write off the&nbsp;<strong>Direxion Hydrogen ETF</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hjen-stock-quote/"><strong>HJEN</strong></a>) just yet. With growing, explosive interest in hydrogen, I&rsquo;d like to see it rally back to $12.40 initially.&nbsp;</p>



<p>With an expense ratio of 0.45%, the ETF offers exposure to about 30 hydrogen stocks with a focus on hydrogen production and generation, storage and supply, fuel cells and batteries, in addition to systems, solutions, membranes, and catalysts. Some of its top holdings include&nbsp;<strong>Bloom Energy</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/"><strong>BE</strong></a>),&nbsp;<strong>Air Liquide</strong>(OTCMKTS:<a href="https://investorplace.com/stock-quotes/aiquy-stock-quote/"><strong>AIQUY</strong></a>),&nbsp;<strong>Ballard Power</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bldp-stock-quote/"><strong>BLDP</strong></a>), Linde, and&nbsp;<strong>Plug Power</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a>).</p>



<p>What&rsquo;s nice about an ETF like HJEN is that it offers solid exposure to multiple hydrogen names at a low cost. For example, if I wanted to make 100 shares of HJEN, it would cost me close to $1,100. If I were to buy just one of the ETF&rsquo;s holdings such as Linde, for example, it would cost me closer to $4,700. I&rsquo;d rather pay $1,000 for greater exposure.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral">Publishing Guidelines.</a></em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/from-six-figures-to-seven-3-hydrogen-stocks-set-to-make-millionaires/">From Six Figures to Seven: 3 Hydrogen Stocks Set to Make Millionaires</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

From Six Figures to Seven: 3 Hydrogen Stocks Set to Make Millionaires

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Just days ago, the Department of Energy announced a&nbsp;<a href="https://www.energy.gov/articles/biden-harris-administration-announces-750-million-support-americas-growing-hydrogen">$750 million investment</a>&nbsp;in 52 U.S. projects that will cut the cost of clean hydrogen and &ldquo;reinforce America&rsquo;s global leadership in the growing clean hydrogen industry,&rdquo; as noted by Energy.gov. All of which should be a sizable catalyst for <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a>.</p>



<p>&ldquo;The projects are expected to enable U.S. manufacturing capacity to produce 14 gigawatts of fuel cells per year, enough to power 15% of medium- and heavy-duty trucks sold each year, and 10 gigawatts of electrolyzers per year, enough to produce an additional 1.3 million tons of clean hydrogen per year,&rdquo;&nbsp;<a href="https://www.energy.gov/articles/biden-harris-administration-announces-750-million-support-americas-growing-hydrogen">they added</a>.</p>



<p>Even better,&nbsp;<a href="https://www.prnewswire.com/news-releases/hydrogen-market-worth-410-6-billion-by-2030---exclusive-report-by-marketsandmarkets-301886077.html">according to MarketsandMarkets</a>, the global hydrogen market could be worth about $410.6 billion by 2030 as compared $242.7 billion in 2023. All as global governments focus on developing hydrogen-fueled, cleaner energy economies, and needed infrastructure. After all, hydrogen emits only water vapor and warm air, with no greenhouse gas emissions.</p>



<p>As investors wake up, you may want to consider buying hydrogen stocks, such as:</p>



<h2><strong>Air Products and Chemicals (APD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div><p>Since the start of February,&nbsp;<strong>Air Products and Chemicals</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/apd-stock-quote/"><strong>APD</strong></a>) jumped from about $212 to a recent high of $244.63. From here, I&rsquo;d still like to see APD refill its bearish gap around $260 initially. From there, it could easily test $272 as the hydrogen story gains momentum.</p>



<p>Plus, as we wait for the stock to recover more lost ground, we can collect its dividend of $1.77, which is payable on May 13 to shareholders as of April 1.</p>



<p><a href="https://www.airproducts.com/company/news-center/2024/01/0125-air-products-increases-quarterly-dividend">Air Products Chairman, President and Chief Executive Officer&nbsp;Seifi Ghasemi&nbsp;added</a>, &ldquo;We remain committed to striking the right balance of returning cash to our shareholders and investing in our growth opportunities. We expect to return approximately $1.6 billion to our shareholders in 2024, extending our track record of more than 40 years of increasing the dividend, while continuing to execute high-return industrial gas and clean hydrogen projects that advance sustainability and the energy transition.&rdquo;</p>



<p><a href="https://www.investing.com/news/stock-market-news/jpmorgan-maintains-overweight-rating-on-air-products-stock-93CH-3336573">JP Morgan also just reiterated its overweight rating</a>&nbsp;on the APD stock, citing APD&rsquo;s strategic focus on green hydrogen production for the European market.&nbsp;</p>



<h2><strong>Linde (LIN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/lin_linde_1600-300x169.png" alt="Logo of Linde AG (LIN) in Hanover, Germany - The Linde Group is a multinational chemical company"><div>Source: nitpicker / Shutterstock.com</div></div><p><strong>Linde</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lin-stock-quote/"><strong>LIN</strong></a>) is one of the top hydrogen stocks I mention most often. All because it continues to trend higher with a solid dividend to boot. Granted, it&rsquo;s become technically overbought, and in desperate need of a pullback. But I still like LIN for the long haul.</p>



<p>The last time I mentioned the LIN stock, it traded at around $448 on&nbsp;<a href="https://investorplace.com/2024/03/the-top-3-hydrogen-stocks-to-buy-in-march-2024/">March 4</a>. At the time, I noted, &ldquo;Nowadays, LIN trades at $449, and I still believe it could test $480 near term. Helping, the company just raised its dividend by 9% to $1.39 a share. That&rsquo;s payable on March 28 to shareholders of record as of March 14.&rdquo;</p>



<p>While LIN didn&rsquo;t hit $480 just yet, it did come within $3 of that target. Helping, &ldquo;The company&rsquo;s pricing strategy and cost management initiatives have contributed to margin expansion and strong earnings growth expected in FY24,&rdquo;&nbsp;<a href="https://seekingalpha.com/article/4677197-linde-maintain-buy-strong-eps-growth-indicated-in-fy24-from-pricing-cost-management">as noted by Seeking Alpha</a>. &ldquo;A significant takeaway from their FY24 guidance is the projection of 8%-11% of adjusted EPS growth.&rdquo;</p>



<h2><strong>Direxion Hydrogen ETF (HJEN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/hydrogen-silos-300x169.png" alt="An image of hydrogen fuel silos standing against a blue sky"><div>Source: Audio und werbung / Shutterstock</div></div><p>While its chart may not look exciting, don&rsquo;t write off the&nbsp;<strong>Direxion Hydrogen ETF</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hjen-stock-quote/"><strong>HJEN</strong></a>) just yet. With growing, explosive interest in hydrogen, I&rsquo;d like to see it rally back to $12.40 initially.&nbsp;</p>



<p>With an expense ratio of 0.45%, the ETF offers exposure to about 30 hydrogen stocks with a focus on hydrogen production and generation, storage and supply, fuel cells and batteries, in addition to systems, solutions, membranes, and catalysts. Some of its top holdings include&nbsp;<strong>Bloom Energy</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/"><strong>BE</strong></a>),&nbsp;<strong>Air Liquide</strong>(OTCMKTS:<a href="https://investorplace.com/stock-quotes/aiquy-stock-quote/"><strong>AIQUY</strong></a>),&nbsp;<strong>Ballard Power</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bldp-stock-quote/"><strong>BLDP</strong></a>), Linde, and&nbsp;<strong>Plug Power</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a>).</p>



<p>What&rsquo;s nice about an ETF like HJEN is that it offers solid exposure to multiple hydrogen names at a low cost. For example, if I wanted to make 100 shares of HJEN, it would cost me close to $1,100. If I were to buy just one of the ETF&rsquo;s holdings such as Linde, for example, it would cost me closer to $4,700. I&rsquo;d rather pay $1,000 for greater exposure.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral">Publishing Guidelines.</a></em></p>
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<p>The post <a href="https://investorplace.com/2024/03/from-six-figures-to-seven-3-hydrogen-stocks-set-to-make-millionaires/">From Six Figures to Seven: 3 Hydrogen Stocks Set to Make Millionaires</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>2023 was a forgettable year for <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a> and the broader clean energy industry. Geopolitical issues, heightened interest rates, and rampant inflationary pressures were to blame for clean energy&rsquo;s lackluster showing. Moreover, the&nbsp;<strong>Direxion Hydrogen ETF</strong>&nbsp;(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/hjen-stock-quote/"><strong>HJEN</strong></a></span>) lost 20% of its value last year. This indicates the challenges confronted by the market.</p>



<p>Nonetheless, hydrogen stocks could become multi-bagger investments for investors with a long-term investing horizon. Hydrogen and other renewable energy sources are critical components in the global effort to curb carbon emissions and combat climate change. The hydrogen market alone is expected to grow&nbsp;<a target="_blank" href="https://www.marketsandmarkets.com/Market-Reports/hydrogen-market-132975342.html#:~:text=%5B191%20Pages%20Report%5D%20The%20global,usage%20of%20low%20emission%20fuel.">by 7.80% from 2023 to 2030</a>&nbsp;to reach $410.6 billion.&nbsp;&nbsp;</p>



<p>With that, here are three hydrogen stocks worth betting on for long-term gains. If you invest $300K equally in the three hydrogen stocks discussed, aiming for the amount to compound to $1 million over a decade, each stock will need to grow by 233%. Such extraordinary gains may seem daunting, but they seem likely given the tailwinds propelling the sector.</p>



<h2>Bloom Energy (BE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/be1600-300x169.jpg" alt="Bloom Energy logo at their headquarters in Silicon Valley"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>Bloom Energy</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/"><strong>BE</strong></a>) is a leading solid oxide fuel cell provider that&rsquo;s made big headway over several years. This can be seen from the 438% increase in its top-line over the <a href="https://seekingalpha.com/symbol/BE/income-statement">past decade to $1.33 billion</a> last year. However, its stellar operating performance hasn&rsquo;t been reflected in its stock price, with BE stock down 50% in the past three years. Nevertheless, it remains an attractive long-term play, especially with its foray into the hydrogen industry.</p>



<p>The company&rsquo;s game-changing Bloom Electrolyzer promises to redefine hydrogen energy production through its unmatched efficiency. This is while the company generates an impressive 20% to 25% more hydrogen per megawatt than its competition. Moreover, it can be deployed within two months, adding to its tremendous accessibility. With the global focus on clean energy intensifying, I expect Bloom&rsquo;s hydrogen business to play a major role in its long-term growth trajectory.</p>



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/hydrogen-energy-plug-1600-300x169.jpg" alt="a symbol with H2 (hydrogen) on it and a fill-up tank"><div>Source: Alexander Kirch / Shutterstock.com</div></div><p><strong>Plug Power</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/" target="_blank"><strong>PLUG</strong></a>) is known for its popular EV charger business. Its hydrogen initiatives could take its business to the next level. It&rsquo;s currently the largest supplier of liquid hydrogen. Moreover, its cutting-edge hydrogen-powered fuel cells have proven a hit with the biggest supply chain and logistics businesses. It&rsquo;s formed strategic partnerships with giants, including&nbsp;<strong>Amazon&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/" target="_blank"><strong>AMZN</strong></a>)&nbsp;and&nbsp;<strong>Walmart&nbsp;</strong>(NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/" target="_blank"><strong>WMT</strong></a>),&nbsp;to name a few.&nbsp;</p>



<p>To be fair, you need a strong stomach to handle investing in PLUG at this point. Its stock sank <a href="https://seekingalpha.com/symbol/PLUG/momentum/performance">more than 60% last year</a>, which aligns with the EV market slowdown. Consequently, its losses are widening, posing serious questions about its long-term financial positioning. To control the bleeding, it implemented a cost-cutting initiative, which <a href="https://www.marketwatch.com/story/plug-power-to-cut-jobs-among-other-moves-meant-to-save-75-million-a-year-e848230a">should help save $75 million</a>. Cutting operational costs and strategic review is likely to positively impact PLUG&rsquo;s business as it navigates an incredibly challenging phase.</p>



<h2>BP (BP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/bp-stock-2-300x169.jpg" alt=""><div>Source: Bjoern Wylezich / Shutterstock.com</div></div><p><strong>BP&nbsp;</strong>(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/bp-stock-quote/"><strong>BP</strong></a>) is an oil and gas titan and one of the best low-risk ways to gain exposure to the hydrogen space. The fossil fuel giant has been diversifying its energy portfolio towards sustainable energy, and hydrogen is a huge part of the transition.</p>



<p>The great thing about BP is that its core business is stable, and it continues to generate billions in free cash flows to support its green energy initiatives. Through its vast experience, extensive infrastructure, and colossal internal reserves, BP is looking to spearhead the hydrogen energy revolution.</p>



<p>With <a href="https://www.bp.com/en/global/corporate/what-we-do/hydrogen.html">more than 10 projects</a> in Europe, the U.S., and Australia, BP aims to produce 0.5 to 0.7 million tonnes of low-carbon hydrogen each year. In the U.K. alone, BP targets 500MW of green and 1GW of blue hydrogen production by the end of the current decade. Also, its Australian Renewable Energy subsidiary is set to generate 1.6 million tonnes of green hydrogen annually. This positions BP as a true juggernaut in the clean energy transition.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a></em>.</p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-hydrogen-stocks-to-turn-300k-into-1-million-april-2024/">3 Hydrogen Stocks to Turn $300K Into $1 Million: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Hydrogen Stocks to Turn $300K Into $1 Million: April 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investors may want to pay close attention to <a href="https://investorplace.com/industries/energy/renewable-energy/hydrogen/">hydrogen stocks</a>.</p>



<p>All as the U.S. fights to make hydrogen happen. For one, according to&nbsp;Energy Secretary Jennifer Granholm,&nbsp;<a href="https://www.eenews.net/articles/ceraweek-biden-admin-mounts-defense-of-clean-hydrogen/">as noted by <em>E&amp;E News</em></a>, the &ldquo;Treasury Department would come out with a &lsquo;final rule shortly&rsquo; referring to guidance for companies to obtain new hydrogen tax credits under the Inflation Reduction Act known as 45V.&rdquo;</p>



<p>Companies like&nbsp;<strong>Exxon Mobil</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/"><strong>XOM</strong></a>) have already said they&nbsp;<a href="https://www.worldoil.com/news/2024/3/20/exxonmobil-ceo-won-t-proceed-with-hydrogen-project-without-biden-s-ira-tax-credits/#:~:text=(Bloomberg)%20%E2%80%93%20Exxon%20Mobil%20Corp,Woods%20said%20during%20an%20interview.">won&rsquo;t proceed</a>&nbsp;with low-carbon hydrogen projects if the Biden Administration withholds tax incentives for natural gas-fed facilities, said CEO Darren Woods, as noted by <em>WorldOil.com</em>.</p>



<p>Two, the Department of Energy recently announced&nbsp;<a href="https://www.energy.gov/articles/biden-harris-administration-announces-750-million-support-americas-growing-hydrogen#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%94%20As%20part%20of,the%20growing%20clean%20hydrogen%20industry.">$750 million in funding</a>&nbsp;for 52 projects across 24 states to help get hydrogen going. And three,&nbsp;<a href="https://www.natlawreview.com/article/department-energy-establishes-clean-hydrogen-roadmap">as noted by <em>NatLawReview.com</em></a>, clean hydrogen is key to achieving the U.S. goal of a 100% clean electrical grid by 2035, and net-zero emissions by the time 2050 rolls around.</p>



<p>Should things progress well, hydrogen stocks should explode higher. In fact, here are seven top hydrogen stocks you may want to consider.</p>



<h2><strong>Air Products and Chemicals (APD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div><p>One of the top hydrogen stocks to buy and hold is&nbsp;<strong>Air Products and Chemicals</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/apd-stock-quote/"><strong>APD</strong></a>).</p>



<p>For one, with a yield of 3%, it recently announced a dividend of $1.77, which is payable on May 13 to shareholders as of April 1. Two,&nbsp;Air Products Chairman and Chief Executive Officer&nbsp;Seifi Ghasemi&nbsp;recently said the&nbsp;<a href="https://www.airproducts.com/company/news-center/2024/01/0125-air-products-increases-quarterly-dividend">company expects to return about $1.6 billion to shareholders</a>&nbsp;in 2024, extending its track record of more than 40 years of increasing the dividend.</p>



<p>Helping,&nbsp;<a href="https://www.moomoo.com/news/flash/17748031/wolfe-research-initiates-coverage-on-air-products-chemicals-with-outperform?level=1&amp;data_ticket=1712876770208478">analysts at <strong>Wolfe Research</strong></a>&nbsp;just initiated coverage of APD with an outperform rating. <strong>Citi</strong> analysts also raised their price target on APD to $285 a share, with a buy rating.&nbsp;</p>



<p>Even&nbsp;<a href="https://ng.investing.com/news/stock-market-news/bofa-upgrades-air-products-says-share-price-has-upside-potential-93CH-1221487"><strong>Bank of America </strong>says APD is a buy</a>&nbsp;with a price target of $272. That upgrade, according to <em>Investing.com</em>, &ldquo;reflects a positive reassessment of the company&rsquo;s valuation in comparison to its peer, Linde, a reduced perception of risk in its speculative project backlog, and a stronger belief in the resilience of its base business.&rdquo;</p>



<h2><strong>Linde (LIN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/lin_linde_1600-300x169.png" alt="Logo of Linde AG (LIN) in Hanover, Germany - The Linde Group is a multinational chemical company"><div>Source: nitpicker / Shutterstock.com</div></div><p>Another one of the top hydrogen stocks to buy is&nbsp;<strong>Linde</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lin-stock-quote/"><strong>LIN</strong></a>), a global industrial gases company that yields 1.23%. Granted, it&rsquo;s a $453 stock, there&rsquo;s still plenty of upside remaining here.&nbsp;</p>



<p>Helping, analysts at&nbsp;<a href="https://www.marketscreener.com/quote/stock/LINDE-PLC-46923083/news/Mizuho-Securities-Raises-Linde-Price-Target-to-510-From-503-Maintains-Neutral-Rating-46288197/"><strong>Mizuho</strong> recently raised their price target</a>&nbsp;on LIN to $510 from $503. <a href="https://markets.businessinsider.com/news/stocks/linde-lin-new-buy-recommendation-for-this-basic-materials-giant-1033239351"><strong>BMO Capital</strong> also raised</a>&nbsp;its price target to $510.&nbsp;</p>



<p>The firm cited Linde&rsquo;s &ldquo;thriving business,&rdquo; and company leadership keen on delivering returns to shareholders and exploring growth opportunities. &ldquo;These factors, coupled with Linde&rsquo;s substantial free cash flow (<a href="https://investorplace.com/stock-quotes/fcf-stock-quote/"><strong>FCF</strong></a>), are expected to support the company&rsquo;s trajectory of double-digit earnings per share (<a href="https://investorplace.com/stock-quotes/eps-stock-quote/"><strong>EPS</strong></a>) growth,&rdquo;&nbsp;<a href="https://www.investing.com/news/stock-market-news/linde-shares-target-raised-to-510-on-strong-fundamentals-93CH-3331082">said the firm, as noted by <em>Investing.com</em></a>.</p>



<p>In its most recent quarter, the company posted earnings per share of $3.59, which beat by nine cents. Revenue of $8.3 billion &ndash; up 5.1% year over year &ndash; beat by $230 million. Moving forward, LIN expects to adjusted EPS to fall in a range of $3.58 to $3.68, which is below consensus of $3.72. For the full year, it expects to posted adjusted EPS of $15.25 to $15.65. The consensus estimate is $15.45, and represents growth of 8% to 11%.</p>



<h2><strong>Bloom Energy (BE)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1473297014-5-300x169.jpg" alt="BE stock Bloom Energy logo on a building"><div>Source: Sundry Photography / Shutterstock</div></div><p>Since bottoming out at around $8.95, shares of&nbsp;<strong>Bloom Energy</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/"><strong>BE</strong></a>) rallied to a recent high of $12.51. And while it has since backed off to about $11.38, it&rsquo;s getting positive attention.&nbsp;</p>



<p>Analysts at <strong>Evercore</strong>, for example, initiated an outperform rating on the BE stock, with a price target of $21 a share. &ldquo;Combined with wind, solar, nuclear, and other renewable resources, Bloom is positioned for longer-term growth in green hydrogen, a principal fuel for a low-carbon future,&rdquo; said the analysts,&nbsp;<a href="https://www.investing.com/news/company-news/bloom-energy-stock-started-at-outperform-at-evercore-on-longterm-growth-potential-93CH-3359263">as quoted by <em>Investing.com</em></a>.</p>



<p><a href="https://seekingalpha.com/news/4076786-bloom-energy-upgraded-at-truist-seeing-better-growth-and-customer-traction"><strong>Truist</strong> also just upgraded Bloom Energy</a>&nbsp;to a hold with a price target of $11 a share. The company was also just awarded up to $75 million in federal tax credits to expand fuel cell and electrolyzer production capacity at its Fremont, California manufacturing plant. Reportedly, that facility can produce more than 1 GW/year.&nbsp;</p>



<p>Even better, the company is working with&nbsp;<strong>Shell</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/shel-stock-quote/"><strong>SHEL</strong></a>) to&nbsp;<a href="https://seekingalpha.com/news/4076545-bloom-energy-surges-on-hydrogen-electrolyzer-tech-deal-with-shell?hasComeFromMpArticle=false">study decarbonization solutions</a>&nbsp;using Bloom&rsquo;s hydrogen electrolyzer technology.</p>



<h2><strong>Ballard Power (BLDP)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/bldp-stock-1-300x169.jpg" alt="Ballard Power Systems Inc logo visible on display screen"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p><strong>Ballard Power</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bldp-stock-quote/"><strong>BLDP</strong></a>) has been interesting. Since bottoming out at around $2.70, the stock has since gapped to a recent high of $3.38. From here, if it can break above resistance at $3.38, it could potentially retest $3.80 near term.&nbsp;</p>



<p>Helping, the company just&nbsp;<a href="https://www.ballard.com/about-ballard/newsroom/news-releases/2024/03/14/ballard-announces-%2440-million-in-doe-grants-to-support-build-out-of-integrated-fuel-cell-production-gigafactory-in-rockwall-texas">received $40 million in Department of Energy grants</a>&nbsp;to support its build-out of an integrated full cell production Gigafactory in Texas. Plus, Ballard just announced&nbsp;<a href="https://www.prnewswire.com/news-releases/ballard-announces-largest-order-in-company-history--1-000-engines-to-power-solaris-buses-across-europe-302104255.html">its biggest order in company history</a>&nbsp;after signing a long-term supply agreement with <strong>Solaris Bus &amp; Coach</strong> for 1,000 hydrogen fuel cell engines for the European transit bus market.</p>



<p>&ldquo;These engines are expected to be deployed in buses across Europe where Solaris buses powered by Ballard fuel cell engines currently operate in over 22 European cities,&rdquo;&nbsp;<a href="//34F05B8E-0FED-48E8-B2F6-5B0F78405A9A/Solaris%20Bus">added the company press release</a>.&nbsp;</p>



<p>We&rsquo;ll get a better idea of how the company is doing, with guidance when it releases first quarter earnings on Tuesday, May 7 at 11am EST.</p>



<h2><strong>Plug Power (PLUG)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/plug1600-3-300x169.png" alt="Person holding smartphone with logo of US hydrogen fuel cell company Plug Power Inc. on screen in front of website. Focus on phone display. Unmodified photo. PLUG stock"><div>Source: T. Schneider / Shutterstock.com</div></div><p>We can also look at beaten-down shares of&nbsp;<strong>Plug Power</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a>).</p>



<p>For one, according to the company, it has resolved its &ldquo;going concern issue.&rdquo; In fact,&nbsp;<a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Highlights-Year-of-Strategic-Growth-and-Advancements-in-Accelerating-the-Green-Hydrogen-Economy/#:~:text=Financial%20Stability%20and%20Growth%3A%20Plug,concern%2C%20demonstrating%20the%20Company's%20financial">according to a company press release</a>, &ldquo;Plug has resolved the going concern issue as previously disclosed in the Form 10-Q for the quarter ended September 30, 2023, and has concluded that there is no longer substantial doubt of the Company&rsquo;s ability to continue as a going concern.&rdquo;</p>



<p>Two, the company&rsquo;s revenue ballooned to $891 million in 2023, a 27% jump year over year. In addition, while&nbsp;<a href="https://finance.yahoo.com/news/plug-power-stock-55-upside-151300835.html">Evercore ISI cut its price target on PLUG to $6 from $9</a>, it still has an outperform rating on the stock. Also, with its production facility online it will reportedly be able to produce 15 tons of green hydrogen per day, and to about 40 tons by year-end.&nbsp;</p>



<p>And it expanded its partnership with <strong>Uline</strong>, which will include &rdquo;the&nbsp;integration of on-site hydrogen infrastructure with the installation of a 18,000-gallon hydrogen storage tank and 17 hydrogen dispensers to service four distribution centers within the campus. The partnership also includes the addition of 250 fuel cell forklifts that will operate on hydrogen generated on-site through Plug&rsquo;s state-of-the-art infrastructure,&rdquo;&nbsp;<a href="https://www.globenewswire.com/news-release/2024/02/23/2834382/9619/en/Plug-and-Uline-Expand-Partnership-to-Supply-Hydrogen-and-Fuel-Cells-at-Four-Additional-Sites.html">as noted in a press release</a>.</p>



<h2><strong>Direxion Hydrogen ETF (HJEN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/hydrogen-plug-1600-300x169.jpg" alt="Hydrogen Stocks Man hold a fuel dispenser with hydrogen on gas station. h2 combustion engine for emission free eco friendly transport. Plug Power is one such company working on this power source. undervalued hydrogen stocks"><div>Source: Alexander Kirch / Shutterstock.com</div></div><p>Or, if you want to gain bigger exposure to hydrogen, there&rsquo;s always an exchange traded fund (ETF), like the&nbsp;<strong>Direxion Hydrogen ETF</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hjen-stock-quote/"><strong>HJEN</strong></a>).</p>



<p>With an expense ratio of 0.45%, the ETF offers exposure to about 30 hydrogen stocks with a focus on hydrogen production and generation, storage and supply, fuel cells and batteries, in addition to systems, solutions, membranes, and catalysts. Some of its top holdings include&nbsp;Bloom Energy,&nbsp;<strong>Air Liquide</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/aiquy-stock-quote/"><strong>AIQUY</strong></a>),&nbsp;Ballard Power, Linde, and&nbsp;Plug Power.</p>



<p>What&rsquo;s nice about an ETF like HJEN is that it offers solid exposure to multiple hydrogen names at a low cost. For example, if I wanted to make 100 shares of HJEN, it would cost me close to $1,100. If I were to buy just one of the ETF&rsquo;s holdings such as Linde, for example, it would cost me closer to $4,540. I&rsquo;d rather pay $1,100 for greater exposure to hydrogen.</p>



<h2><strong>Global X Hydrogen ETF (HYDR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/hydrogen-300x169.jpg" alt="An image of the name H2 presented in the form of green leaves on a table next to other hydrogen-based products"><div>Source: Shutterstock</div></div><p>Or, you could always diversify with the&nbsp;Global X Hydrogen&nbsp;ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hydr-stock-quote/"><strong>HYDR</strong></a>).</p>



<p>With an expense ratio of 0.5%, the ETF invests in stocks involved with hydrogen production, and the development and manufacturing of hydrogen fuel cells. Some of its top holdings include Bloom Energy,&nbsp;Plug Power,&nbsp;Ballard Power,&nbsp;<strong>ITM Power&nbsp;</strong>(OTCMKTS:<a href="https://investorplace.com/stock-quotes/itmpf-stock-quote/"><strong>ITMPF</strong></a>) and&nbsp;<strong>Ceres Power</strong>&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/cpwhf-stock-quote/"><strong>CPWHF</strong></a>).</p>



<p>While its chart is a bit ugly, give it time. With a good deal of excitement in hydrogen, HYDR could easily bounce well off its current lows. Last trading at $5.60, I&rsquo;d like to see it triple from here when hydrogen names start to take off again. According to <strong>Goldman Sachs</strong> and <strong>Bank of America</strong>, hydrogen could potentially be a $12 trillion market.</p>



<p>In addition,&nbsp;according to the&nbsp;<a href="https://www.iea.org/reports/hydrogen">International Energy Agency</a>, global hydrogen demand will need to double from about 94Mt in 2021 to more than 180 by 2030. Europe may need to see a six-fold increase in demand by 2050.&nbsp;</p>



<p><em>On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/wall-street-favorites-7-hydrogen-stocks-with-strong-buy-ratings-for-april-2024/">Wall Street Favorites: 7 Hydrogen Stocks with Strong Buy Ratings for April 2024 </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>