Green Hydrogen Stocks
Green Hydrogen Stocks represent companies involved in the production, storage, and transportation of green hydrogen. Green hydrogen is a clean-burning fuel produced using renewable energy sources like solar and wind power to split water molecules.
List of Best Green Hydrogen Stocks to Invest in 2024
| Name | Price | Analyst Rating | M Cap | Target Price | Alpha | 1Y Return | 3Y Return | 5Y Return | PE | Industry PE | PB | Beta | Div Yld | Net Profit Qtr | Net Profit QoQ % | Net Profit YoY % | Net Profit 3Y Change % | Rev Qtr (in Cr) | Rev QoQ (in %) | Rev 1Y change % | Rev 3Y change % | Profit Mar Qtr | Profit Mar QoQ | Profit Mar 1Y Change% | Profit Mar 3Y Change% | Sector | M Cap | ROE | ROCE | EPS | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Reliance Industries Ltd | ₹1,285.45 | BUY | LARGE CAP | 1558.35 | 10.5% | 167.56% | 25.47 | 16.45 | 3.91 | 1.15 | 0.34% | 21804 Cr | 14.15% | 6.66% | 47.04% | 239986 | 3.65% | 2.65% | 92.98% | 8.77% | 10.13% | 3.91% | Energy | 1762049.79 | 8.46% | 9.58% | 58.395 | 13713899 | |||
 Oil & Natural Gas Corpn Ltd | ₹242.25 | BUY | LARGE CAP | 303.39 | 38.7% | 296.15% | 7.86 | 7.88 | 1.1 | 1.64 | 4.57% | 9783.64 Cr | 67.71% | 167.32% | 166096.68 | 4.91% | 94.62% | 9.65% | 79.31% | 37.35% | Energy | 306744.95 | 14.32% | 16.24% | 45.39 | 8915800 | |||||
 NTPC Ltd | ₹366.95 | BUY | LARGE CAP | 412.44 | 3.99% | 11.5% | 172.32% | 360.41% | 16.19 | 25.39 | 2.17 | 1.54 | 2.31% | 5169.69 Cr | 24.6% | 42.51% | 45052.82 | 0.8% | 1.3% | 60.05% | 11.95% | 22.99% | Utilities | 355819.16 | 12.52% | 10.47% | 22 | 23189083 | |||
 Adani Green Energy Ltd | ₹923.40 | BUY | LARGE CAP | 1304 | 543.42% | 121.08 | 25.39 | 65.85 | 1.69 | NA | 400 Cr | 29.5% | 592.31% | 2286 | 18.57% | 195.13% | 13.67% | 27.57% | 9.22% | 134.57% | Utilities | 150942.45 | NA | NA | 7.95 | 3504686 | |||||
 Power Grid Corporation of India Ltd | ₹291.00 | BUY | LARGE CAP | 329 | 0.56% | 8.07% | 85.61% | 245.3% | 17.47 | 25.39 | 2.97 | 1.35 | 4.06% | 3861.63 Cr | 1.81% | 0.99% | 29.38% | 11233.03 | 0.53% | 15.65% | 33.97% | 2.21% | 0.47% | 11.88% | Utilities | 271438.12 | 18.24% | 12.62% | 16.74 | 16983852 | |
 Indian Oil Corporation Ltd | ₹131.03 | BUY | LARGE CAP | 148.71 | 68.78% | 157.55% | 17.31 | 16.45 | 1.31 | 1.47 | 6.98% | 2147.35 Cr | 268.76% | 98.33% | 194014.49 | 10.88% | 113.31% | 5.56% | 299.83% | Energy | 188758.59 | 25.44% | 20.28% | 31.34 | 12380949 | ||||||
 Adani Power Ltd | ₹507.70 | BUY | LARGE CAP | 618.33 | 0.37% | 265.89% | 1735.2% | 16.26 | 25.39 | 6.88 | 1.5 | NA | 2940.07 Cr | 94.18% | 1540.09% | 13671.18 | 2.49% | 29.86% | 92.02% | 41.37% | 49.53% | 754.11% | Utilities | 202084.32 | 55.41% | 30.81% | 54 | 3517278 | |||
 GAIL (India) Ltd | ₹177.70 | BUY | LARGE CAP | 214.55 | 0.43% | 84.17% | 259.9% | 9.59 | 17.13 | 1.86 | 1.78 | 3.04% | 4084.24 Cr | 51.85% | 76.97% | 61.21% | 36834.73 | 8.69% | 132.22% | 7.43% | 39.71% | 93.49% | Utilities | 119193.41 | 14.75% | 14.59% | 15.06 | 15135251 | |||
 Adani Total Gas Ltd | ₹607.75 | MID CAP | 642.84% | 102.98 | 17.13 | 28.56 | 1.35 | 0.03% | 142.38 Cr | 22.14% | 41.43% | 1294.46 | 6.22% | 2.21% | 163.9% | 14.92% | 19.51% | Utilities | 68749.13 | 20.09% | 20.88% | 6.07 | 891269 |
What are Green Hydrogen Stocks?
Green hydrogen stocks are shares of companies involved in the production, storage, and utilization of hydrogen generated through renewable energy sources, such as wind or solar power.
These companies are focused on developing and commercializing technologies related to electrolysis (splitting water molecules into hydrogen and oxygen), hydrogen fuel cells, and hydrogen storage and transportation solutions. Green hydrogen is considered a clean and versatile energy carrier with potential applications in various industries.
Future of Green Hydrogen Stocks
The future of green hydrogen stocks appears promising. As the world strives for cleaner energy solutions, the demand for green hydrogen is expected to rise significantly. Additionally, government support and technological advancements will likely propel the growth of this sector.
Benefits of Investing in Green Hydrogen Stocks
- High-Growth Potential: The green hydrogen market is poised for significant growth, offering the potential for substantial returns.
- Government Backing: Supportive government policies create a favorable environment for green hydrogen companies to thrive.
- Environmental Benefits: Green hydrogen is a clean fuel source, helping to reduce greenhouse gas emissions and air pollution.
Factors Affecting Green Hydrogen Stocks
- Government Policies: Changes in government policies related to subsidies and regulations can impact the profitability of green hydrogen companies.
- Cost of Renewable Energy: Fluctuations in the cost of renewable energy sources used to produce green hydrogen can affect company margins.
- Technological Advancements: Breakthroughs in hydrogen storage and transportation technologies can significantly impact the sector.
Who should invest in Green Hydrogen Stocks?
Green hydrogen stocks can be attractive for investors seeking exposure to sustainable energy solutions and companies contributing to the decarbonization of various industries. These stocks may appeal to:
- Long-term investors focused on companies addressing climate change and environmental challenges
- Investors interested in companies benefiting from government initiatives and policies promoting clean energy adoption
- Investors seeking exposure to technological advancements in hydrogen production, storage, and utilization
- Investors looking for diversification within the energy sector and companies with growth potential
Check More Stocks
| Name | Price | Analyst Rating | M Cap | Target Price | Alpha | 1Y Return | 3Y Return | 5Y Return | PE | Industry PE | PB | Beta | Net Profit Qtr | Net Profit QoQ % | Net Profit YoY % | Net Profit 3Y Change % | Rev Qtr (in Cr) | Rev QoQ (in %) | Rev 1Y change % | Rev 3Y change % | Profit Mar Qtr | Profit Mar QoQ | Profit Mar 1Y Change% | Profit Mar 3Y Change% | Sector | M Cap | ROE | ROCE | EPS | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Adani Power Ltd | ₹507.70 | BUY | LARGE CAP | 618.33 | 0.37% | 265.89% | 1735.2% | 16.26 | 25.39 | 6.88 | 1.5 | 2940.07 Cr | 94.18% | 1540.09% | 13671.18 | 2.49% | 29.86% | 92.02% | 41.37% | 49.53% | 754.11% | Utilities | 202084.32 | 55.41% | 30.81% | 54 | 3517278 | |||
 Tata Motors Ltd | ₹710.30 | BUY | LARGE CAP | 849.57 | 65.12% | 915.66% | 8.45 | 33.99 | 12.63 | 1.14 | 5578 Cr | 61.68% | 1082.46% | 112833 | 12.23% | 26.58% | 75.32% | 7.26% | 44.06% | 834.16% | Consumer Cyclical | 262652.85 | 19.5% | 14.69% | 82.99 | 13617465 | ||||
 Adani Wilmar Ltd | ₹259.55 | BUY | MID CAP | 334.17 | 28.54 | 130.02 | 5.04 | 1.03 | 393.16 Cr | 39.46% | 16859.31 | 16.59% | 38.21% | 0.33% | 19.61% | Edible Oil | 34019.09 | 3.42% | 9.6% | 1.31 | 2435621 | |||||||||
 Infosys Ltd | ₹1,628.45 | BUY | LARGE CAP | 2050.75 | 6.71% | 162.74% | 23.85 | 33.97 | 7.66 | 0.75 | 6822 Cr | 4.7% | 8.88% | 35.14% | 41764 | 1.9% | 4.7% | 52.95% | 17.08% | 2.75% | 3.99% | Technology | 661426.67 | 36.58% | 45.07% | 63.37 | 9890140 | |||
 Tata Steel Ltd | ₹156.73 | BUY | LARGE CAP | 153.27 | 3.95% | 18.31% | 452.37% | 72.34 | 24.15 | 1.43 | 1.33 | 295.49 Cr | 53231.28 | 46.63% | Industrials | 197764.04 | 7.79% | 13.67% | 28467187 | |||||||||||
 Yes Bank Ltd | ₹17.03 | MID CAP | 16.55 | 37.24% | 24.55 | 15.27 | 1.62 | 1.17 | 619.38 Cr | 9.32% | 74.66% | 9416.05 | 2.07% | 23.98% | 42.4% | 3.9% | 7.1% | 40.88% | Financial Services | 54649.57 | 2.45% | NA | 0.45 | 101820390 | ||||||
 Zomato Ltd | ₹209.81 | BUY | LARGE CAP | 285.97 | 14.5% | 22.02% | 176.43% | 76.83% | 293.16 | 6.95 | 0.94 | 59 Cr | 5405 | 12.63% | 71.13% | 507.58% | 2.9% | Technology | 215009.81 | 5.15% | 5.18% | 0.4 | 84184995 | |||||||
 ITC Ltd | ₹409.80 | BUY | LARGE CAP | 516.28 | 62.19% | 178.86% | 26.47 | 25.45 | 7.41 | 0.69 | 5013.18 Cr | 6.54% | 55.06% | 18580.36 | 43.85% | 29.28% | 5.91% | 6.63% | 7.79% | Consumer Defensive | 514177.9 | 29.21% | 37.4% | 15.722556476331 | 20338110 | |||||
 Wipro Ltd | ₹271.00 | HOLD | LARGE CAP | 291.46 | 4.77% | 12.28% | 208.49% | 22.7 | 33.97 | 4.34 | 1.06 | 3366.7 Cr | 4.34% | 2.25% | 22318.8 | 0.08% | 44.93% | 12.38% | 4.26% | Technology | 282111.79 | 15.13% | 19.03% | 10.6352127042541 | 12563930 | |||||
 HDFC Bank Ltd | ₹1,821.45 | BUY | LARGE CAP | 1992.07 | 18.77% | 26.28% | 25.79% | 110.1% | 19.7 | 15.27 | 2.5 | 0.88 | 17656.61 Cr | 39.27% | 101.24% | 112193.94 | 99.35% | 161.73% | 15.7% | 7.23% | Financial Services | 1377345.65 | 16.88% | NA | 86.15 | 19550708 |
Frequently Asked Questions
What are the main challenges facing the green hydrogen industry?
Key challenges include reducing the cost of hydrogen production, improving energy efficiency, developing robust hydrogen storage and transportation solutions, and building the necessary infrastructure for widespread adoption.
What are the potential applications of green hydrogen across different sectors?
Green hydrogen has potential applications in various sectors, including transportation (e.g., fuel cell vehicles), energy storage (e.g., backup power, grid balancing), and industrial processes (e.g., steel production, ammonia synthesis).
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