2 Hydrogen Stocks to Buy in August if You Believe in the Turnaround
Hydrogen fuel cell companies Plug Power and Bloom Energy are highlighted as potential investment opportunities due to recent operational improvements and demand from AI data centers. While Plug Power is working toward a turnaround, Bloom Energy is benefiting from the power needs of the artificial intelligence boom.
Why it matters
It reflects the shifting investment landscape where traditional green energy companies are finding new utility in supporting energy-intensive AI infrastructure.
Hydrogen stocks have spent years testing investors' patience. Still, August 2026 offers two very different reasons for optimism: one company inching toward profitability after a brutal reset and another already cashing in on the artificial intelligence (AI) power boom. If you believe the sector's turnaround is real, Plug Power ( PLUG +3.18% ) and Bloom Energy ( BE -0.51% ) are worth a close look.
No stock better represents the boom-and-bust cycle of the hydrogen industry than Plug Power. Finally, though, Plug could be moving in a positive direction for good. In Plug's second quarter, the adjusted loss per share was just $0.07, beating expectations by a penny. Plug also hit $178.3 million in revenue, and gross margins approached breakeven.
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