Hydrogen Stocks Worth Watching – May 31st

Exxon Mobil, Linde, Air Products and Chemicals, NuScale Power, and Cummins are the five Hydrogen stocks to watch today, according to MarketBeat’s stock screener tool. Hydrogen stocks are shares of publicly traded companies involved in the emerging hydrogen economy—producing hydrogen (via electrolysis or reforming), developing fuel cells, and building storage and transport infrastructure. These firms range from electrolyzer and fuel-cell manufacturers to pipeline operators and logistics providers. Investing in hydrogen stocks offers exposure to the sector’s growth potential as hydrogen gains traction as a low-carbon energy carrier. These companies had the highest dollar trading volume of any Hydrogen stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Shares of NYSE XOM traded down $0.61 during trading hours on Friday, hitting $102.08. The company had a trading volume of 28,636,718 shares, compared to its average volume of 15,602,445. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34. The firm’s 50 day moving average is $106.95 and its 200-day moving average is $109.78. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $439.93 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Linde (LIN)

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

LIN traded up $0.32 during trading hours on Friday, reaching $464.40. The company’s stock had a trading volume of 4,344,668 shares, compared to its average volume of 1,969,338. Linde has a 52 week low of $408.65 and a 52 week high of $487.49. The company’s 50-day moving average is $451.78 and its 200-day moving average is $447.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm has a market cap of $218.60 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00.

Air Products and Chemicals (APD)

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

APD traded up $5.82 during trading hours on Friday, reaching $278.99. The company’s stock had a trading volume of 2,872,928 shares, compared to its average volume of 1,452,761. Air Products and Chemicals has a 52 week low of $243.69 and a 52 week high of $341.14. The company’s 50-day moving average is $271.94 and its 200-day moving average is $297.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The firm has a market cap of $62.09 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88.

NuScale Power (SMR)

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

SMR traded down $0.82 during trading hours on Friday, reaching $32.16. The company’s stock had a trading volume of 15,502,020 shares, compared to its average volume of 9,085,270. NuScale Power has a 52 week low of $6.61 and a 52 week high of $36.85. The company’s 50-day moving average is $19.00 and its 200-day moving average is $20.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $9.15 billion, a PE ratio of -33.85 and a beta of 1.62.

Cummins (CMI)

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.

CMI traded down $4.02 during trading hours on Friday, reaching $320.84. The company’s stock had a trading volume of 1,489,393 shares, compared to its average volume of 805,462. Cummins has a 52 week low of $260.02 and a 52 week high of $387.90. The company’s 50-day moving average is $303.91 and its 200-day moving average is $339.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.31. The firm has a market cap of $44.20 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 2.19 and a beta of 1.02.