2021 Student Research Conference:
34th Annual Student Research Conference

Are Hydrogen Fuel Cell Stocks Currently Overvalued? - an Analysis of Five Promising Fuel Cell Companies and the Future of the Hydrogen Market


Johanna C. Wallstab
Prof. Charles Boughton, Faculty Mentor

This paper intends to examine the future of the hydrogen fuel cell industry by analyzing five selected fuel cell companies with respect to their stock prices.

Due to enormous advances in technology and emission scandals, the days of conventional internal combustion engines seem numbered.  In addition to electric cars with rechargeable batteries and hybrid motors, fuel cell technology is considered to be the most promising for future traffic.

Since 2018, hydrogen companies have developed extremely well and when looking at their stock prices perhaps too well. The hydrogen sector indicates increasing signs of bubble formation with company  P/E ratios of 40-50.

The methodology used in this paper is to analyze important financial key indicators for each of the five companies and then draw a conclusion about the appropriateness of their current stock prices. Furthermore, literature reviews will be used to explain the current attractiveness of the market for investors.

 

Keywords: Fuel cell companies, Alternative energy, Financial key ratios, Stock prices

Topic(s):Business Administration

Presentation Type: Asynchronous Virtual Oral Presentation

Session: 5-8
Location: https://flipgrid.com/6a0ea4e7
Time: 0:00

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