But oil and gas companies aren’t energy companies. Unlike fossil fuels, hydrogen will definitely never be depleted.Not only that, but hydrogen is comparatively clean. Solar energy companies create the equivalent of engines, but these must still store what they produce, or lose it. Specifically, the stock rose from less than $5 to $9 during that month.Was that price increase too much, too fast? For the best Barrons.com experience, please update to a modern browser. Oil companies use storage tanks, and gas companies use pipelines or tankers to store their excess. This property of hydrogen makes it generally cleaner and greener than petroleum-based fuels across multiple applications.On top of all that, hydrogen offers an economic benefit in the form of what Plug Power calls “energy security.” The company explains this better than I ever could:“Locally-produced hydrogen increases the energy security of every nation by decreasing the need for energy imports while creating industry and employment growth opportunities across a variety of markets.”Beyond the energy-security benefits, clean hydrogen is a prime example of a growth industry. Wind and solar can be turned directly into energy at costs competitive with oil and gas. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. The stock is currently working towards the psychologically significant $10 level. © Source: IgorGolovniov / Shutterstock.com Show full articles without "Continue Reading" button for {0} hours. © Source: Pavel Kapysh / Shutterstock.com No company remains as devoted to securing American oil and gas independence than Exxon is. At that valuation, Plug Power’s stock would be $16. That's what's been happening with top hydrogen fuel cell companies Plug Power (NASDAQ:PLUG) and Bloom Energy . If there’s any doubt as to the company’s commitment, two recent acquisitions should put it to rest.Giner ELX, meanwhile, is a premier PEM (or proton exchange membrane) electrolysis company that sells hydrogen-fuel-generating and storage solutions. By comparison, Plug Power has trailing 12-month revenues of $192 million, almost three times Fuel Cell’s trailing 12-month revenues. That depends, of course, on how you define American. Climate change is real. Selling fuel-cell power systems for forklift trucks, the company just broke even on a cash flow basis last year. They bring up fuel from the Earth, which is then processed and burned by machines to create energy. That’s good progress as PLUG briefly dipped below $1 per share in early 2017.The bulls can relish the astonishing run-up of the share price that took place in June. © Source: Casimiro PT / Shutterstock.com While Plug Power remains a premier fuel-cell manufacturer, the burgeoning clean-hydrogen market provides another reason to own PLUG stock.More From InvestorPlace Why … This transition has put a thumb on the scale of oil and gas prices, dimming the industry’s future. This copy is for your personal, non-commercial use only. Plug Power’s acquisitions of these two companies demonstrates that it’s fully prepared to go all-in on the clean-hydrogen market.Plug Power CEO Andy Marsh praised the efforts of United Hydrogen and Giner ELX to “secure broad participation in the hydrogen economy” as well as “achieve the objectives of a clean environment and reduced dependence on foreign oil.”And now, Plug Power is better equipped to fight those battles. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/plug-power-stock-has-surged-but-upside-all-priced-in-analyst-says-51594302707Barely a month after launching coverage with a Buy rating, Barclays downgraded They produce fuel, which engines turn into energy. For the best Barrons.com experience, please update to a modern browser. Exxon shares closed June near $44 each, a market cap of $185 billion, down 37% on the year. A reported Oil and gas companies don’t produce energy. The company’s


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