We think that Hydrogenics Corporation (HYGS) is one of the most undervalued stocks in the market. Hydrogenics is the leader in the very large renewable energy storage market. It also has a fuel cell power systems business that addresses substantial emerging markets. Hydrogenics is on the cusp of profitability, and has some of the best intellectual property, partners, and contracts in its markets.
The five most important trends and catalysts for Hydrogenics are:
1) Renewable Energy Growth is a Major Trend Globally
- Renewable Energy has Grown Substantially - Wind and solar energy have grown rapidly around the world.
- Renewable Energy Is Becoming Economically Viable - Wind and solar energy are reaching "grid parity" in many places