![]() ![]() On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. I believe that margin expansion in 2024 and beyond will be another key catalyst for a significant rally. Further, the non-GAAP operating margin is likely to turn positive. This is a key catalyst for BE stock surging higher.įrom a financial perspective, Bloom Energy expects revenue of $1.4 to $1.5 billion for 2023. The company is looking to execute large projects in 2024 and beyond. An important point to note is that the company’s solid oxide fuel cells have already been deployed in applications across healthcare, data centers, and critical manufacturing, among others. BE stock has been sideways in the last year and is poised for a big breakout.Īs an overview, the company’s solid oxide fuel cell technology is likely to play an important role in advancing the hydrogen economy. Source: Sundry Photography / īloom Energy (NYSE: BE ) is another interesting name to consider. This is likely to deliver results in terms of growth and cash flow upside in the coming years. In the United States, the company is investing $4.5 billion to produce low-carbon hydrogen to power mobility and industrial markets.Ĭlearly, Air Products is making aggressive investments in hydrogen fuel. Further, the company’s $1.6 billion hydrogen facility in Canada is under construction. Talking about the projects, NEOM Green (Saudi Arabia) is expected to produce up to 600 tonnes of carbon-free hydrogen per day in the form of green ammonia. This provides ample flexibility to make investments in hydrogen projects. In the last 12 months, the company has reported investable cash flows (after dividends) of $1.7 billion. At a forward price-earnings ratio of 25.7, the stock looks attractive and offers a dividend yield of 2.39%.Ī key reason to like Air Products is the financial flexibility. ![]() Source: Andy Borysowski / Īir Products and Chemicals (NYSE: APD ) stock is possibly the best hydrogen stock to buy.
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