Hydrogen Stocks To Keep An Eye On – August 12th

Exxon Mobil, Bloom Energy, and NuScale Power are the three Hydrogen stocks to watch today, according to MarketBeat’s stock screener tool. Hydrogen stocks are shares of companies involved in the production, distribution or utilization of hydrogen as a clean energy carrier. These firms may operate electrolyzers, fuel-cell manufacturing plants or hydrogen storage and transport infrastructure. Investors buy hydrogen stocks to gain exposure to the emerging “hydrogen economy,” which aims to reduce carbon emissions in industries like power generation, transportation and heavy manufacturing. 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 XOM traded up $0.96 during midday trading on Tuesday, hitting $106.79. 6,632,257 shares of the company traded hands, compared to its average volume of 16,739,156. The firm has a 50 day moving average of $109.94 and a 200-day moving average of $108.94. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market cap of $455.29 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 2.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Bloom Energy (BE)

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.

Shares of BE traded up $3.01 during midday trading on Tuesday, hitting $40.66. 8,439,903 shares of the company traded hands, compared to its average volume of 7,109,704. The firm has a 50 day moving average of $26.71 and a 200-day moving average of $22.93. Bloom Energy has a 52 week low of $9.02 and a 52 week high of $41.10. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 1,016.75 and a beta of 3.28. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99.

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.

Shares of SMR traded up $0.54 during midday trading on Tuesday, hitting $38.79. 6,649,533 shares of the company traded hands, compared to its average volume of 11,590,764. The firm has a 50 day moving average of $40.93 and a 200-day moving average of $27.06. NuScale Power has a 52 week low of $6.88 and a 52 week high of $53.50. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of -32.58 and a beta of 2.06.