We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, Global X Hydrogen ETF (HYDR - Free Report) is probably on the radar. The fund just hit a 52-week high and has soared 102.9% from its 52-week low of $14.95 per share.
Are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
HYDR in Focus
The underlying Solactive Global Hydrogen Index provides exposure to companies that are positioned to benefit from further advances in the field of hydrogen technology. HYDR ETF charges 50 bps in annual fees (see: all the Alternative Energy ETFs here).
Why the Move?
The AI industry's expansion has led to an increased need for clean and sustainable energy sources, which includes hydrogen as a potential fuel. An IEA report said that by 2026, the AI industry is expected to consume at least 10 times the electricity demand it had in 2023, as quoted on a CNBC article issued in April 2024.
The hydrogen market is expected to grow massively. It could reach a valuation of $312.9 billion by 2030, marking a CAGR of 6.80%, per a markets and markets research report. Surging demand for low-emission and sustainable energy is driving the upside in global hydrogen stocks, per the markets and markets report.
More Gains Ahead?
HYDR might remain strong, given its positive weighted alpha of 46.62 (per barchart.com). There is definitely still some promise for investors who want to ride on this surging ETF.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hydrogen ETF (HYDR) Hits New 52-Week High
For investors seeking momentum, Global X Hydrogen ETF (HYDR - Free Report) is probably on the radar. The fund just hit a 52-week high and has soared 102.9% from its 52-week low of $14.95 per share.
Are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
HYDR in Focus
The underlying Solactive Global Hydrogen Index provides exposure to companies that are positioned to benefit from further advances in the field of hydrogen technology. HYDR ETF charges 50 bps in annual fees (see: all the Alternative Energy ETFs here).
Why the Move?
The AI industry's expansion has led to an increased need for clean and sustainable energy sources, which includes hydrogen as a potential fuel. An IEA report said that by 2026, the AI industry is expected to consume at least 10 times the electricity demand it had in 2023, as quoted on a CNBC article issued in April 2024.
The hydrogen market is expected to grow massively. It could reach a valuation of $312.9 billion by 2030, marking a CAGR of 6.80%, per a markets and markets research report. Surging demand for low-emission and sustainable energy is driving the upside in global hydrogen stocks, per the markets and markets report.
More Gains Ahead?
HYDR might remain strong, given its positive weighted alpha of 46.62 (per barchart.com). There is definitely still some promise for investors who want to ride on this surging ETF.