Growing demand for renewable energy, supported by global government initiatives, is creating a potential multi-trillion-dollar opportunity for hydrogen stocks. Or, what many are calling the “fuel of the future.”
Remember that analysts at Bank of America (NYSE:BAC) say green hydrogen could be worth more than $11 trillion by 2050. Morgan Stanley (NYSE:MS) sees a potential $11 trillion hydrogen opportunity, too. The International Energy Agency says the world still needs $4 trillion by 2030 to meet global net zero emission goals. Also, the International Renewable Energy Agency (IRENA) says, “the consumption of hydrogen by G7 countries could grow between four and seven times by 2050.”
That being said, it’s time to back up the truck on the following hydrogen stocks, in my view.
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