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Top 3 energy stocks likely to surge in 2022

Recently, there has been increasing worldwide interest in global decarbonization and the transition to alternative energy sources. Hydrogen is considered one of the resources that could replace oil, gas, and coal. Many call it the fuel of the future and expect demand for green energy to increase significantly in the coming years. Against this background, companies that use hydrogen will most likely succeed. Thus, investment firm JPMorgan highlights three stocks that could spike by more than 100% this year.

Top 3 energy stocks likely to surge in 2022

Hyzon Motors

This American company produces hydrogen-powered fuel vehicles. In addition to eco-friendly passenger cars, it manufactures zero-emissions heavy duty trucks as well as buses. Last year, Hyzon Motors exceeded its target for commercial deliveries of heavy-duty hydrogen vehicles. The company's management promised to make every effort to make the 2022 year crucial for global hydrogen mobility. JPMorgan believes that the firm's stock could skyrocket by 108% in 2022.

Top 3 energy stocks likely to surge in 2022

Bloom Energy

Another company that could gain from the upcoming energy revolution is California-based Bloom Energy. For more than 20 years, it has been developing solid oxide fuel cells used to generate electricity. Among the company's clients are the largest US corporations. Moreover, demand for its products is constantly rising. According to analysts at JPMorgan, Bloom Energy has every chance of prospering further thanks to heavy order volume. Thus, its share price could soar by over 120% this year.

Top 3 energy stocks likely to surge in 2022

Plug Power

US company Plug Power is engaged in the development of hydrogen fuel cell systems that replace conventional batteries in vehicles and equipment powered by electricity. According to the company’s management, its revenues could double in three years and reach about $3 billion. The outlook by JPMorgan analysts is also positive. The bank estimates that the hydrogen fuel cell maker’s stock could surge by almost 130% this year.

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