Although the recent soft sessions may have dampened investor sentiment, it’s important to look ahead, particularly with the top hydrogen growth stocks. According to the International Energy Agency, hydrogen garnered significant interest. In fact, it stated in 2019 that clean hydrogen “…is currently enjoying unprecedented political and business momentum, with the number of policies and projects around the world expanding rapidly.”
According to Grand View Research, the global hydrogen generation market reached a valuation of $129.85 billion in 2021. Further, analysts project that the sector will expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.
Here’s the kicker. At the culmination of the forecasted period, the hydrogen industry should command total revenue of $225.55 billion. Given recent geopolitical flashpoints, this assessment could be understated. Therefore, it’s well worth your time to consider hydrogen growth stocks to buy.
This post originally appeared at InvestorPlace.