Today, vehicles using pure hydrogen as fuel require stations with compressed or liquefied hydrogen stocks at high pressures from hydrogen production centres established with large investments.
Note that not all fuel cell stocks are hydrogen stocks.
The last time hydrogen stocks caught investors' attention was in the early 2000s.
For myself, I'm going to be watching hydrogen stocks rise from a safe distance.
Are the current buyers of hydrogen stocks headed for another wild ride to nowhere, like fuel cell investors in 2001?
If hydrogen stocks are rising on hopes for futures sales of fuel cell vehicles, that rise will become a decent if those sales fail to emerge.
If you hadn't noticed that hydrogen stocks are up an average of 131% so far this year, you're not alone.
I limited my recent post on the rapid rise of hydrogen stocks to just US-listed companies involved in the production and use of hydrogen, leaving out foreign stocks and other fuel cell technologies for brevity.
I recently asked my panel of green money managers if they'd been paying attention to hydrogen stocks, and those who responded gave a resounding "no". Their dislike of hydrogen stems from skepticism around the economics of the technology.
I would not be at all surprised if hydrogen stocks double again from here, but I'll expect that rise, if it comes, to be followed by a Hindenburg-like explosion rather than a smooth ride to investing profits.
