Which are the best green hydrogen stocks in India right now?
As per Equitymaster's Indian Stock Screener, here is a list of the best green hydrogen stocks in India right now...
These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
When should you invest in green hydrogen stocks?
The best time to buy stocks from this sector is when companies with strong fundamentals are trading at attractive valuations.
At present, the country's entire production of hydrogen comes from fossil fuels. However, by 2050, three-fourth of all hydrogen is projected to be green. Governments all over the world are making the switch and India isn’t far behind. The space is brimming with opportunities. There is an immense support from the government via earnest policy reforms.
There are several ways to play this massive investment opportunity. You can buy stocks of:
- energy companies that produce green hydrogen or have plans to
- companies that produce the equipment for generating green hydrogen such as electrolysers.
- heavy industries like freight, steel, and energy storage that will support the green hydrogen ecosystem.
Where can I find a list of green hydrogen stocks?
The details of listed green hydrogen companies can be found on the NSE and BSE website.
For a curated list you can check out our list of green hydrogen stocks.
What kind of dividend yields do green hydrogen stocks offer?
There is no consistent trend of dividends across the industry, with different companies adopting different dividend policies.
For more details, check out our list of top green hydrogen stocks offering high dividend yields.