Green hydrogen is produced using renewable energy sources like solar, wind, or hydro power to electrolyze water, generating hydrogen gas without emitting harmful greenhouse gases.
Penny stocks, on the other hand, refer to low-priced stocks, usually trading below Rs 100 per share.
Green hydrogen penny stocks, therefore, are companies involved in producing or utilizing green hydrogen technologies and have a relatively low market value.
When a penny stock announces its foray into the green hydrogen sector, or whether it announces a partnership or forming a JV with any firm for producing green hydrogen, it could spark a surge in investor interest and propel the stock higher.
We say this because the green hydrogen sector is ripe for opportunities and investors are extremely bullish on this megatrend. Governments all over the world are making the switch. Over 30 countries have released hydrogen roadmaps, 200+ hydrogen projects, and ambitious investment plans.
At present, there aren’t any penny stocks involved primarily in the production of green hydrogen. Setting up factories and plants for green hydrogen requires huge capital and that is why smaller companies are yet to take a plunge into this exciting industry.
You can check the entire list of green hydrogen stocks on our website and also take a look at the detailed guide we have prepared on how to invest in green hydrogen stocks.
While policy and power market regulations are expected to boost green hydrogen development across the globe, the truth is that the industry has a number of challenges to overcome.
So, view green hydrogen stocks with the same amount of caution as one would view other stocks. Do your due diligence.
If you need some more help, you can check out our article - 5 Indian Companies Leading the Green Hydrogen Revolution
You can also checkout our playlist on Green Hydrogen Stocks on Equitymaster's YouTube channel.
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