Buy HYDROGEN STOCKS now?! Plug Power, thyssenkrupp nucera, and First Hydrogen in focus

First Hydrogen: Sensation and price explosion?

Currently, the AI industry can only supply its data centers with gas turbines to a large extent. This is making Siemens Energy & Co. a fortune. However, this is likely to be only a transitional technology. In the long term, the US has chosen nuclear energy as an essential component in meeting its energy needs. This is evident in the recent deal between Meta and Oklo. Hydrogen also plays an important role in this context. This is because the power grids in the US are outdated. Therefore, the plan is to convert the electricity from nuclear power plants into hydrogen and feed it into the existing natural gas networks. This is precisely what First Hydrogen is working on. The latest company update sounds promising.

The Canadians are currently working on a zero-emission ecosystem. At its core is a research project with the University of Alberta. The first phase involves the development of reactor fuel materials and the design and optimization of small modular reactors (SMRs). The AI industry sees the future in small, decentralized reactors. First Hydrogen's stated goal is to identify non-radioactive surrogate molten-salt fuel mixtures that replicate key thermophysical properties of uranium-bearing fuel salts. The molten salt is intended to make SMRs safer and more efficient. If successful, it would be a real sensation and would likely cause the stock to skyrocket.

First Hydrogen will initiate its next research and development activities based on the research results. The vision is to combine stable and clean energy from SMRs with electrolysis. The green energy generated in this way will supply data centers and AI infrastructure, but of course, also First Hydrogen's hydrogen-powered fuel cell vehicles. The company's hydrogen-powered light commercial fuel cell vehicles (FCEVs) have already been successfully tested by fleet operators and large multinational companies in the UK.

thyssenkrupp nucera plans to tap into a new growth market

And what about thyssenkrupp nucera? The share price performance of recent months is somewhat surprising. Without attracting much attention, the German hydrogen hopeful has risen by around 25% since November 2025. At EUR 9.25, however, the share price is at the same level as in June 2024. Since then, the price has traded sideways, with varying degrees of volatility.

Unsurprisingly for a German company, unlike First Hydrogen, the production of hydrogen from nuclear energy plays no role. However, there have been recent reports of expansion into a new market. Together with the German Society for International Cooperation (GIZ) GmbH, the company plans to promote green hydrogen and power-to-X (PtX) in India.

As one of the world's fastest-growing economies, India is expected to play a central role in the global energy transition. GIZ and thyssenkrupp nucera want to help make green hydrogen competitive in India. To this end, opportunities for scalable application models that could support cost-efficient project implementation are also being explored. thyssenkrupp nucera is already represented in the chlor-alkali market in India and intends to use this long-standing presence as a basis for expansion in the emerging Indian green hydrogen sector.

Deutsche Bank believes that nucera shares will continue to rise. Analysts recommend buying the shares and see their fair value at EUR 11. However, investors should not expect a short-term improvement in the market environment for hydrogen. Incidentally, thyssenkrupp nucera will publish its quarterly figures next week.

Plug Power: What are shareholders doing?

Plug Power is struggling for financial stability. As it is still far from profitability, shareholders were asked to vote on capital measures at yesterday's extraordinary general meeting that will significantly dilute their shares. At the time of writing, no result was available.

But first, Plug Power wanted to create some positive sentiment. It reported on an important step in the development of the European hydrogen network. The first filling of Hynetwork's 32-km hydrogen pipeline in Rotterdam has been completed. Plug Power provided the customized unloading infrastructure required for these initial pipeline purging and filling operations. This enabled the delivery of the first 32 tons of RFNBO-certified green hydrogen.

Hynetwork is building a hydrogen network in the Netherlands. The current section connects the port with the industrial area of Rotterdam. It is intended to become part of the European hydrogen network, which aims to create a pan-European hydrogen transport system by repurposing and expanding the existing gas infrastructure.

Plug Manager Jose Luis Crespo commented: "The Hynetwork hydrogen network is one of the most important early hydrogen infrastructure projects in Europe, and Plug is proud to support the commissioning of the pipeline in Rotterdam. This project highlights the strength of Plug's end-to-end hydrogen platform - from certified green hydrogen supply and logistics to customized engineering and on-site execution - and provides the flexibility and speed customers need as hydrogen infrastructure expands across Europe."

The announcements show that the hydrogen market is alive and well. First Hydrogen is currently active in what is likely the most exciting area. thyssenkrupp nucera is considered particularly solid in industry. Plug Power could see a short-term rally after shareholder approval at the annual general meeting. However, shareholders must also be prepared for a massive dilution of their holdings.