Can you instigate a surge in hydrogen stocks, specifically Nel ASA, to make them financially lucrative at present?

Can you instigate a surge in hydrogen stocks, specifically Nel ASA, to make them financially lucrative at present?

Alright, let's dive into the world of hydrogen stocks, shall we? Right now, the scene is looking pretty sweet for some players in this sector, especially Nel ASA. This Norwegian company has seen a mighty surge – nearly doubling its share price in just three days on the exchange, making investors sit up and take notice.

But that's not all. The partnership with South Korean conglomerate Samsung, and its status as the largest single shareholder in Nel ASA, suggests that this company is aiming for global domination. Essentially, they're looking to strengthen their competitive position by expanding their delivery capacities.

But it's not just Nel ASA that's got the green light. Thanks to a financial package from the European Union and the SPD, which sets aside billions for climate protection, the prospects for hydrogen stocks as a whole are looking rosy. This has given a boost not only to Nel ASA but also to other players in the sector, like Canadian hydrogen company First Hydrogen.

First Hydrogen, which briefly traded at over three euros, shows the true potential of hydrogen stocks. Although its share price is currently around 0.256 euros on Tradegate, the financial package could help it regain its former glory. After all, green hydrogen is expected to play a crucial role in decarbonizing energy-intensive sectors in Germany to meet climate goals.

So, should you jump on the Nel ASA and Co. bandwagon? Well, the sector is undeniably appealing, and its situation has certainly improved. Yet, it remains a risky game. Investors should still tread carefully when it comes to individual stocks. This also applies to hydrogen ETFs, which are still pretty volatile.

An alternative could be to invest in a sustainable fund or ETF that covers several areas of renewable energy. Or, you could consider the Green Future Index from BÖRSE ONLINE, which allows you to diversify your investment in the sector.

Now, if you're interested in watching the fastest-growing companies in the world, you might want to read 'Mega-chances: Invest in the fastest-growing companies in the world with these 2 ETFs.' And, if you're curious about whether US stocks are about to make a comeback, check out 'JP Morgan brings hope: US stocks close to turning point - is the trend reversal coming now?'

Just a heads up, the price of the financial instruments is derived from an index used as the underlying. BÖRSE Medien AG has developed this index and holds the rights to it. BÖRSE Medien AG has concluded a cooperation agreement with the issuer of the displayed financial instruments, under which it grants the issuer a license to use the index. As such, BÖRSE Medien AG receives remuneration from the issuer.

1. The partnership between Nel ASA and Samsung, such as the one in the energy sector, indicates the ambition of both parties to expand their reach globally, potentially strengthening their competitive position in the industry.
2. The financial package from the European Union and the SPD, dedicated to climate protection, is projected to have a positive impact on various players in the hydrogen industry, including those beyond Nel ASA, such as Canadian company First Hydrogen.
3. Given the volatility of individual hydrogen stocks and hydrogen ETFs, investing in a sustainable fund or ETF that covers multiple areas of renewable energy, like the Green Future Index from BÖRSE ONLINE, could provide a more diversified approach for those eager to invest in the sector.

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