The different ways you can invest in hydrogen stocks The only issue the hydrogen industry faces is costs – it is still slightly too expensive to produce the gas to have a competitive advantage over fossil fuels. In fact, with the UK government aiming to have net-zero carbon emissions by 2050, hydrogen could give the country the boost it needs to meet these targets. This makes it a prime candidate for an emission-free fuel source that could help decarbonise industry around the world. Hydrogen is one of the most abundant gases on the planet, and the only by-product of burning it is water. People are typically more aware of the damage being done to the environment, and so the shift towards cleaner energy from this so-called “green industrial revolution” could result in hydrogen potentially becoming a lucrative investment. Indeed, Cummins’ share price reached an all-time high of $271.42 on 11 March 2021, though it has since levelled out to the current price.Ĭlimate change has been at the forefront of the public consciousness for a while now. Its share price did dip from $165.66 on 21 February 2020 to $120.91 on 20 March 2020 following the pandemic.įortunately, the company has recovered to levels far beyond its pre-pandemic prices. The company has seen fairly decent growth over the last few years. The US government recently awarded a research grant of $2 million to help make the change from grey hydrogen to cleaner green hydrogen.Ĭummins’ share price is relatively healthy too, sitting at $204.17 as of the morning of 21 July 2022. If your main reason for investing in hydrogen is for environmental reasons, then Cummins could be the company for you. The 101-year-old company now produces hydrogen fuel cells that are already being used to power trains in France, buses in China, and lorries around Europe. You may recognise Cummins as the company that produces diesel engines, though they have since made a shift into green energy, particularly hydrogen. Indeed, the company had just £276,000 in revenue in 2021, and although this was an 85% increase from the previous year, it still remains low for a company with a market cap of £150 million.Įven though AFC Energy’s share price isn’t looking too healthy just now, it may still be worth keeping an eye on. This gradual decline could potentially be attributed to low revenue. Indeed, the company’s share price shot up from 17 pence on 16 October 2020, to the heights of 79 pence just a few months later. However, even though the company looks as though it is in hot water, the share price we’re seeing for AFC Energy today is almost back to how it was performing before its prices increased sharply. Indeed, the company’s share price rested at 23 pence as of 21 July 2022, a sharp decrease from its 79 pence all-time high on 31 December 2020. So, AFC Energy hopes that integrating hydrogen-based alkaline fuel cells into these centres would be of great benefit to the environment.Įven though AFC Energy has big plans, its share prices have been relatively volatile in recent years. Staggeringly, these data centres account for over 2% of global carbon emissions. Best Performing Drawdown Pension ProvidersĪFC Energy is a hydrogen-focused power company that aims to power data centres with its alkaline fuel cells.Best CFD Trading Platform for Beginners.
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