The 3 Best Hydrogen Stocks to Buy in July 2024
The hydrogen industry still waits for the Biden Administration to loosen restrictive 45V tax credit rules. Now, after about seven months, it’s safe to say industry executives and even a few U.S. Senators are losing patience. Still, even as we wait, now is a great time to invest in some of the best hydrogen stocks on weakness. We all know that when loosened, the Biden Administration could get one step closer to cutting emissions, as hoped. Hydrogen — which only produces water vapor and warm air—is key to helping the U.S. achieve its net-zero emission goals. While most industries wait for the rules to change, companies like Plug Power (NASDAQ:PLUG) claim tax credits anyway. Plus, even though the 45V tax rules have yet to be finalized, the company is pushing forward anyway, with CEO Andy Marsh confident the rules will change. In addition, Plug Power once noted the current restrictive rules: “The burdens imposed by this trio of restrictions will drastically stunt the growth of the clean hydrogen industry and prevent many promising projects from ever getting off the ground,” as quoted by HydrogenInsight.com. With hopes that 45V will soon change, it’s time to buy some of the best hydrogen stocks.
https://investorplace.com/2024/07/the-3-best-hydrogen-stocks-to-buy-in-july-2024/