Goldman Sachs says the 'clean hydrogen revolution' is here. It reveals two of its buy-rated stocks to play the boom.
The boom in clean hydrogen is picking up pace, according to investment bank Goldman Sachs. "The clean hydrogen revolution continues to accelerate," analysts at the bank said in a Feb. 13 note. "We have reflected this in our hydrogen forecasts, almost tripling our base case scenario to 2030, vs. our initial estimates from last year ." The bank pointed to a few factors driving clean hydrogen, including positive regulation gaining pace with the U.S.
The cleanest type — green hydrogen — uses energy from renewable sources, while so-called blue hydrogen is produced from natural gas. Stock picks Goldman named the following buy-rated stocks as ways to play the theme: Ceres Power The bank gives this stock a price target of £6.70 — or 50% potential upside, saying it has adopted a "differentiated, high margin" model.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs says these stocks are too attractive to ignore in an uncertain economyGoldman Sachs analysts like stocks with growth potential during periods of economic uncertainty.
Read more »
50 Half-Up Half-Down Hairstyles That Slay For Any OccasionThe best part? They're simple to achieve.
Read more »
The 50 best movies from the 1970sTo celebrate the cinematic heyday of the 1970s, here's a look at the 50 best movies of the decade, according to IMDb and Metacritic scores.
Read more »
Over 50 suspected predators arrested, 28 children rescued in porn & online solicitation stingA child porn and online solicitation investigation netted more than 50 suspected predators and more importantly, rescued 28 children from abusive situations.
Read more »
Opera Cabaret returns to Union 50INSIDE INDY: Indianapolis Opera Resident Artists will perform in a cabaret-style program showcasing opera, musical theater and American Songbooks later this month.
Read more »
The fight for African American studies in schools isn't getting easier, even after 50 yearsFlorida in 1994 became one of the first states to pass a law mandating the teaching of African American history in schools. Now the state has been at the forefront of efforts to restrict lessons about race and racism in classrooms.
Read more »