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Which Hydrogen stocks does MM like?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Which Hydrogen stocks does MM like?

Hi team! What are your thoughts on Hydrogen and which ones look good? Thanks, Kim

Answer

Hi Kim,

For those new to the sector ‘Green’ hydrogen is made by using clean electricity from surplus renewable energy sources, and when consumed, produces only water. Twiggy Forest and Fortescue Metals are fans:

  •  “Green hydrogen is going to be the disruptor in the clean energy space and in the near future we believe it will replace the fossil fuels used for various industrial applications as well as in the transportation and mobility sector.”

Its early days in the industry any really, anything could happen, but our punt at the moment would be $123mn WA based Frontier Energy Ltd (FHE), we like the stock around 40c although from a technical perspective we would be concerned  if it broke 34c i.e. in our opinion a 15% risk is  reasonable in this very volatile space seems. NB: This is highly speculative.

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Frontier Energy Ltd (FHE)
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