From Yahoo Finance: 2025-04-08 10:47:00

In a list of the 10 Best Hydrogen Stocks to Buy According to Billionaires, GE Vernova Inc. (NYSE:GEV) is highlighted as a top contender in the hydrogen market. With the global shift towards clean energy, hydrogen stocks are gaining traction as a solid investment opportunity in the clean-energy sector.

The World Energy Transitions Outlook 2025 emphasizes the need for over 1,000 GW of renewable power annually to stay on a 1.5°C pathway, with hydrogen playing a crucial role in decarbonization. Investment needs for clean hydrogen are projected at $1.1 billion per year to meet global transition requirements.

After a challenging 2023, hydrogen stocks have rebounded in 2024, with the Global Hydrogen Index gaining 4.86% in U.S. dollar terms. The finalization of hydrogen tax credit guidelines, offering up to $3 per kilogram for clean hydrogen, is seen as a key catalyst for sector growth.

Despite challenges like cost competitiveness and regulatory uncertainty, hydrogen stocks are attracting major investors like Bill Gates and Jeff Bezos. The industry’s potential has led to a surge in interest, positioning some of the best hydrogen stocks to create significant value in the growing global hydrogen economy.

GE Vernova Inc. (NYSE:GEV) ranks first on the list of best hydrogen stocks to buy according to billionaires, with a strong financial performance in 2024. The company operates across the electric power value chain, focusing on hydrogen combustion solutions to support the clean energy transition.

Analysts remain bullish on GE Vernova Inc. (NYSE:GEV), with a “Buy” rating and a median price target of $413, implying 48% upside potential. The company’s revenue in 2024 was $34.94 billion, with a net income of $1.55 billion, up 454% year-over-year.

Institutional ownership of GEV stands at 80.4%, indicating high conviction from large investors. The company’s participation in key initiatives and strong financial performance have solidified its position as a top contender in the hydrogen market.

Read more: Is GE Vernova Inc. (GEV) the Best Hydrogen Stock to Buy According to Billionaires?