Bloom, SunPower, Cummins: Hydrogen Economy Stocks To Watch As Biden Administration Takes Over

Bloom, SunPower, Cummins: Hydrogen Economy Stocks To Watch As Biden Administration Takes Over

KIEV, UKRAINE - 2018/12/07: In this photo illustration, the SunPower Solar energy company logo seen ... [+] displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)



LightRocket via Getty Images

While the hydrogen economy, or the process of producing hydrogen and using it as a fuel, and replacing fossil fuels, largely remains a concept that has only gained a little commercial traction, this could be set to change as climate change is at the core of President Joe Biden's agenda. Hydrogen could help to cut carbon emissions significantly, as it can be used not just for transportation and electricity generation - two key focus areas of current renewable plans, but also for applications such as heating and industrial purposes such as cement and steel manufacturing. Our theme of Hydrogen Economy Stocks, which includes the stocks of U.S. listed companies that sell hydrogen fuel cells, renewable energy equipment, and supply hydrogen gas has rallied by about 26% since early January. (see our update below for a more detailed look at how these companies fit into the hydrogen space) A good portion of the gains came on Tuesday after the U.S. Department