2 Hydrogen Stocks to Buy in August if You Believe in the Turnaround
Plug Power and Bloom Energy will benefit from a sustained turnaround in the hydrogen industry.
Overview
Hydrogen stocks have spent years testing investors' patience. Still, August 2026 offers two very different reasons for optimism: one company inching toward profitability after a brutal reset and another already cashing in on the artificial intelligence (AI) power boom. If you believe the sector's turnaround is real, Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) are worth a close look.
No stock better represents the boom-and-bust cycle of the hydrogen industry than Plug Power. Finally, though, Plug could be moving in a positive direction for good. In Plug's second quarter, the adjusted loss per share was just $0.07, beating expectations by a penny. Plug also hit $178.3 million in revenue, and gross margins approached breakeven.
Details
Management has been cutting costs while simultaneously pushing growth. Operating expenses fell 50% year over year, while deployed units more than doubled to 1,666, and service revenue exploded 82% in the same time frame.
Source
Originally published at www.fool.com.