Best Green Hydrogen Stocks In India – Green Hydrogen Stocks

Green hydrogen stocks represent shares of companies involved in producing, developing, and utilising green hydrogen, a clean energy source generated through water electrolysis using renewable energy. These stocks offer investors exposure to the growing renewable energy sector, focused on reducing carbon emissions and promoting sustainable energy solutions.

The table below shows the best green hydrogen stocks in India – green hydrogen stocks based on the highest market capitalisation and 1-year return.

Introduction to Green Hydrogen Stocks List 

NTPC Ltd

The Market Cap of NTPC Ltd is Rs. 3,61,443.23 crores. The stock’s monthly return is -10.16%, and its one-year return is 33.72%. The stock is 36.64% away from its 52-week high.

NTPC Limited is an India-based company that specializes in power generation. The company’s main focus is on producing and selling large quantities of power to State Power Utilities. NTPC operates in two main segments: Generation and Others. 

The Generation segment is responsible for producing and selling power to state power utilities, while the Other segment provides services such as consultancy, project management, energy trading and more. NTPC owns and operates a total of 89 power stations in different Indian states, either on its own or through joint ventures and subsidiaries.  

Adani Enterprises Ltd

The Market Cap of Adani Enterprises Ltd is Rs. 2,87,939.24 crores. The stock’s monthly return is -13.90%, and its one-year return is -0.67%. The stock is 23.20% away from its 52-week high.

Adani Enterprises Limited, headquartered in India, is a global integrated infrastructure company with diversified operations in various sectors. These include integrated resource management, mining services, commercial mining, new energy ecosystems, data centres, airports, roads, copper, digital services and Fast-Moving Consumer Goods (FMCG). 

The company’s business segments encompass integrated resources management, mining services, commercial mining, new energy ecosystems, airports, roads and other ventures. Integrated resources management involves comprehensive procurement and logistics services.  

Power Grid Corporation of India Ltd

The Market Cap of Power Grid Corporation of India Ltd is Rs. 3,02,316.13 crores. The stock’s monthly return is 2.95%, and its one-year return is 54.84%. The stock is 53.65% away from its 52-week high.

Power Grid Corporation of India Ltd (PGCIL) is a leading state-owned utility responsible for transmitting electricity across India. Established in 1989, the company operates a vast network of transmission lines and substations, playing a crucial role in ensuring reliable power supply. PGCIL focuses on enhancing grid stability and efficiency, contributing significantly to the country’s energy infrastructure.

In recent years, PGCIL has actively engaged in initiatives related to green hydrogen, recognizing its potential as a clean energy source. The company is exploring innovative projects to integrate green hydrogen into the energy mix, supporting India’s transition towards a sustainable energy future while reducing carbon emissions.

Adani Green Energy Ltd

The Market Cap of Adani Green Energy Ltd is Rs. 1,99,722.73 crores. The stock’s monthly return is -19.23%, and its one-year return is 16.82%. The stock is 44.88% away from its 52-week high.

Adani Green Energy Ltd, part of the Adani Group, is a leading player in India’s renewable energy sector. Established in 2015, the company focuses on generating electricity from solar and wind sources, aiming to reduce carbon emissions and promote sustainable energy. With a commitment to innovation and expansion, Adani Green Energy has rapidly increased its operational capacity, making significant contributions to the nation’s energy transition.

The company’s extensive portfolio includes large-scale solar parks and wind farms across India. By leveraging advanced technology and strategic partnerships, Adani Green Energy is well-positioned to drive the country’s renewable energy goals, enhancing energy security while fostering environmental sustainability.

Indian Oil Corporation Ltd

The Market Cap of Indian Oil Corporation Ltd is Rs. 1,97,499.64 crores. The stock’s monthly return is -2.68%, and its one-year return is 20.37%. The stock is 23.66% away from its 52-week high.

Indian Oil Corporation Limited is an oil company based in India that operates in various segments including Petroleum Products, Petrochemicals and Other Business Activities. The Other Business Activities segment encompasses gas, oil and gas exploration, explosives and cryogenic business, as well as windmill and solar power generation. 

The company is involved in the entire hydrocarbon value chain, from refining and pipeline transportation to marketing, exploration, production of crude oil and gas, petrochemicals, gas marketing, alternative energy sources and global downstream operations.  

Reliance Industries Ltd

The Market Cap of Reliance Industries Ltd is Rs. 17,71,319.95 crores. The stock’s monthly return is -1.20%, and its one-year return is 9.35%. The stock is 9.14% away from its 52-week high.

Reliance Industries Limited is a company based in India that is involved in various activities such as hydrocarbon exploration and production, petroleum refining, marketing, petrochemicals, advanced materials, composites, renewables (solar and hydrogen), retail, and digital services. 

The company operates in segments including Oil to Chemicals (O2C), Oil and Gas, Retail, and Digital Services. The O2C segment comprises refining, petrochemicals, fuel retailing, aviation fuel, bulk wholesale marketing, transportation fuels, polymers, polyesters, and elastomers. Its assets in the O2C business include aromatics, gasification, multi-feed and gas crackers, downstream manufacturing facilities, logistics, and supply-chain infrastructure.  

Gail (India) Ltd

The Market Cap of Gail (India) Ltd is Rs. 1,35,927.03 crores. The stock’s monthly return is -0.05%, and its one-year return is 40.94%. The stock is 53.30% away from its 52-week high.

GAIL (India) Limited is an Indian company that specializes in processing and distributing natural gas. The company operates in different segments, including Transmission Services, Natural Gas Marketing, Petrochemicals, LPG And Liquid Hydrocarbons, and Other services. 

The Transmission Services segment deals with natural gas and liquid petroleum gas (LPG), while the Other segment encompasses City Gas Distribution (CGD), GAIL Tel, exploration and production (E&P), and power generation.  

Bharat Petroleum Corporation Ltd

The Market Cap of Bharat Petroleum Corporation Ltd is Rs. 1,27,400.21 crores. The stock’s monthly return is -5.58%, and its one-year return is 27.52%. The stock is 35.81% away from its 52-week high.

Bharat Petroleum Corporation Limited, an Indian company, is engaged in the production, refining and distribution of petroleum products. Its diverse business portfolio encompasses fuel services, Bharatgas, MAK Lubricants, refineries, gas operations, industrial and commercial solutions, international trade, and proficiency testing services. 

Bharatgas aims to provide comprehensive solutions and support for businesses seeking energy-related products, ensuring quality and reliability. The company delivers a range of high-quality products such as automotive engine oils, gear oils, transmission oils, and speciality oils. 

Tata Power Company Ltd

The Market Cap of Tata Power Company Ltd is Rs. 1,36,009.63 crores. The stock’s monthly return is -3.74%, and its one-year return is 47.93%. The stock is 53.94% away from its 52-week high.

The Tata Power Company Limited, based in India, operates as an integrated power company focusing on electricity generation, transmission, and distribution. The company’s operations are divided into several segments which include Generation, Renewables, Transmission and Distribution and Others. 

The Generation segment involves producing power from hydroelectric and thermal sources, while the Renewables segment focuses on generating power from wind and solar sources. The Transmission and Distribution segment oversees the networks for transmitting and distributing electricity, as well as selling power to retail customers and engaging in power trading.

JSW Energy Ltd

The Market Cap of JSW Energy Ltd is Rs. 1,13,150.77 crores. The stock’s monthly return is -5.82%, and its one-year return is 51.46%. The stock is 63.06% away from its 52-week high.

JSW Energy Limited, an Indian power company, is involved in power generation through both thermal and renewable sources. The company’s operations are divided into two segments: Thermal, which focuses on producing power from coal, lignite, gas, and oil, along with related services, and Renewables, which involves power generation from hydro, wind, and solar sources, along with associated services. 

The company owns and operates plants such as Baspa, Karcham Wangtoo, Barmer, Vijaynagar, and Ratnagiri. The Baspa Plant, situated in the Himalayas, has a capacity of around 300 MW. 

What Are The Best Green Hydrogen Stocks?

The best green hydrogen stocks are companies that are leaders in the production, development and application of green hydrogen technologies. These companies are at the forefront of the clean energy revolution, utilizing renewable resources to produce hydrogen, which is a key component in the global transition to sustainable energy. 

Investing in these stocks provides exposure to a rapidly growing industry that is essential for reducing carbon emissions and achieving climate goals. Investors interested in green hydrogen stocks should consider the company’s market position, technological advancements, and commitment to sustainable energy. 

While the sector is still emerging and can be volatile, these companies offer substantial growth potential as the world increasingly embraces green hydrogen as a clean and reliable energy source.

Features Of Green Hydrogen Energy Stocks India

Features of green hydrogen energy stocks in India highlight their potential for substantial growth and innovation in a burgeoning sector. One key feature is their alignment with India’s renewable energy goals, which drives investment and development in this space.

1. Government Support: Green hydrogen stocks benefit from government incentives and policies aimed at promoting renewable energy. This support can enhance the sector’s growth potential and investment attractiveness.
2. Technological Innovation: Companies involved in green hydrogen are often at the forefront of technological advancements. Investments in new technologies can lead to increased efficiency and market competitiveness.
3. Sustainability Focus: Green hydrogen stocks are part of a sustainable energy transition. Their focus on reducing carbon emissions aligns with global environmental goals, appealing to socially responsible investors.
4. Market Growth Potential: The green hydrogen sector in India is poised for significant expansion. Increasing demand for clean energy solutions drives growth opportunities, making these stocks potentially lucrative.
5. Strategic Partnerships: Many green hydrogen companies form strategic partnerships with industry leaders and governments. These collaborations can enhance market access and technology development, boosting stock performance.

Top Green Hydrogen Stocks In India Based on 6-Month Return

The table below shows the top 10 green hydrogen stocks in India based on 6-month returns.

Best Green Hydrogen Stocks in India For Long Term Based on 5-Year Net Profit Margin

The table below shows the best green hydrogen stocks in India for the long term based on 5-year net profit margin.

List of Green Hydrogen Stocks India Based on 1M Return

The table below shows the list of green hydrogen stocks in India based on a 1-month return.

High Dividend Yield Green Hydrogen Stocks In India

The table below shows the high dividend yield of green hydrogen stocks in India.

Historical Performance of Green Hydrogen Stocks In India

The table below shows the historical performance of green hydrogen stocks in India.

Factors To Consider When Investing In Green Hydrogen Stocks In India

The factors to consider when investing in green hydrogen stocks in India include understanding the market demand. The growing interest in renewable energy drives the need for green hydrogen, which can influence the success and stability of investments.

1. Regulatory Environment: Analyze government policies and incentives supporting green hydrogen. Favourable regulations can boost market opportunities, while changes in policies may impact the sector’s stability and investment attractiveness.
2. Technological Advancements: Consider the level of innovation and technology adoption within green hydrogen companies. Investments in advanced production and storage technologies can significantly enhance a company’s market position and profitability.
3. Company Financials: Review financial metrics such as revenue growth, profitability, and overall financial health of the companies. Strong financial performance indicates stability and the ability to invest in future growth.
4. Partnerships and Collaborations: Look at the strategic alliances and partnerships that companies have. Collaborations with major industry players or governments can improve market reach and provide financial or technological advantages.
5. Economic and Environmental Factors: Assess broader economic conditions and environmental policies affecting the green hydrogen market. Positive economic trends and supportive environmental regulations can drive sector growth and impact stock performance.

How To Invest In Green Hydrogen Stocks?

To invest in green hydrogen stocks, start by researching companies in the sector and analyzing their financial health and growth potential. Then, open a trading account with a reliable brokerage to buy and manage your investments.

• Research Companies: Identify companies involved in green hydrogen production and technology. Evaluate their financial stability, technological advancements, and market position.
• Analyze Financials: Review financial statements, growth potential, and revenue streams. Ensure the companies have a solid financial foundation and growth prospects.
• Open a Trading Account: Choose a brokerage firm like Alice Blue to open a trading account. Complete the KYC process to start trading.
• Monitor Industry Trends: Stay informed about industry developments, technological advancements, and regulatory changes. This will help you make informed investment decisions.
• Diversify Investments: Spread your investments across different companies and technologies within the green hydrogen sector to mitigate risk.

Impact of Government Policies on Green Hydrogen Stocks

The Indian government’s recent policies and initiatives have significantly impacted the green hydrogen sector, influencing both stock performance and market dynamics.

The National Green Hydrogen Mission (NGHM) and the Strategic Interventions for Green Hydrogen Transition (SIGHT) program are at the core of India’s green hydrogen push. These initiatives, supported by substantial government funding and incentives, have spurred significant interest from major corporations and investors. 

The SIGHT program, in particular, received an overwhelming response, with bids exceeding the available capacity for both electrolyser manufacturing and green hydrogen production. This enthusiasm reflects the sector’s potential and the attractiveness of government incentives, although challenges remain in terms of infrastructure and regulatory clarity.

How Green Hydrogen Stocks Perform in Economic Downturns?

During economic downturns, green hydrogen stocks can face challenges due to reduced investment and spending across industries. Lower demand for energy and tighter budgets might impact growth and project funding, potentially leading to stock volatility.

However, green hydrogen’s long-term value as a sustainable energy solution can offer resilience. The government’s commitment to clean energy and potential subsidies may support the sector, providing stability and opportunities for recovery once economic conditions improve.

Advantages Of Investing In Green Hydrogen Stocks?

The primary advantage of investing in green hydrogen stocks is their potential for long-term growth as the world increasingly shifts toward renewable energy. Green hydrogen is poised to play a crucial role in this transition, offering substantial returns.

1. Environmental Benefits: Investing in green hydrogen promotes sustainability by reducing reliance on fossil fuels and cutting carbon emissions, contributing to global climate goals.
2. Growth Potential: The green hydrogen sector is expected to expand significantly as demand for clean energy rises, offering investors the potential for high returns over time.
3. Government Support: Many governments provide subsidies and incentives for green hydrogen projects. This financial support can boost the profitability and stability of investments in this sector.
4. Technological Innovation: Companies in the green hydrogen industry are often at the forefront of technological advancements. Investing in these companies can yield benefits from their innovations and improvements.
5. Diversification: Including green hydrogen stocks in your portfolio provides diversification, balancing risk and enhancing overall investment performance by tapping into the growth of a promising sector.

Risks Of Investing In Green Hydrogen Stocks?

The main risk of investing in green hydrogen stocks is market volatility and uncertainty. The sector’s emerging nature means it can be subject to rapid changes in technology, regulation, and market demand, affecting stock performance.

1. Technological Risks: Rapid changes in technology can make current solutions obsolete. Companies that fail to keep up with innovations may struggle, impacting stock values negatively.
2. Regulatory Uncertainty: Changes in government policies or regulations can affect the green hydrogen market. Unpredictable regulatory environments may pose risks to investment stability and returns.
3. Market Volatility: The green hydrogen sector is still emerging, leading to potential market fluctuations. Investors may face high volatility, which can impact the performance and stability of their investments.
4. Financial Stability: Investing in companies with unstable financials can be risky. Poor financial health may lead to insufficient funding for growth projects, affecting stock performance.
5. Infrastructure Challenges: Developing the necessary infrastructure for green hydrogen can be complex and costly. Delays or high costs in infrastructure development may impact the growth and profitability of investments.

Green Hydrogen Stocks GDP Contribution

Green hydrogen stocks represent companies that contribute to the economy by advancing clean energy technologies, which are increasingly important for sustainable economic growth. As the demand for renewable energy sources rises, the green hydrogen sector can play a significant role in reducing carbon emissions and creating new jobs, thereby contributing to GDP.

As governments and industries invest in green hydrogen infrastructure, the sector is expected to drive innovation, boost manufacturing, and enhance energy security, leading to broader economic benefits and a positive impact on GDP growth.

Who Should Invest in Green Hydrogen Stocks?

Green hydrogen stocks are part of the rapidly growing clean energy sector, offering the potential for significant long-term returns as the world shifts towards sustainable energy solutions. These stocks can appeal to investors interested in environmentally friendly technologies and future-oriented industries.

Who Should Invest:

1. Long-term Investors: Those willing to hold stocks for several years, as the green hydrogen industry is still developing and may take time to mature.
2. Environmentally Conscious Investors: Individuals looking to support and profit from sustainable and clean energy technologies.
3. Risk-tolerant Investors: Given the emerging nature of green hydrogen, it’s suitable for those who can handle potential volatility.
4. Diversification Seekers: Investors aiming to diversify their portfolios with exposure to renewable energy sectors.
5. Growth-focused Investors: Those seeking high-growth opportunities in cutting-edge technologies with significant future potential.

Green Hydrogen Energy Stocks India – FAQs

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.