In this [Is HDRO a Good ETF to Trade Hydrogen Stocks? | Quick Take] video 🎥, we will be going over another stock that was mentioned in our live chat last week, upon the recommendation of one of our viewers, the HDRO ETF. This ETF focuses on hydrogen and is currently low in price, but does offer a small dividend and is optionable. It is designed to track the performance of the hydrogen fuel cell index, which includes globally listed securities involved in hydrogen-based energy sources and fuel cells. Some of the companies included in this index are NEI, Neel, Nel, Fuel Cell, Bloom Energy, Plug Power, Ballard, Lindy Air Products, and many more. As we can see from the breakdown, about 52% of the ETF is focused on clean hydrogen fuel and fuel cells.
In the short-term, this ETF has a risk/reward profile of about 1.4, but in the longer-term, it has a much better profile. Currently, the clean energy theme has lost some of its luster, which has resulted in a decline in the ETF’s price, but with a potential turnaround in sentiment towards clean energy, this ETF could see a boost in value.
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📖 CHAPTERS 📖
00:00 – HDRO
03:46 – BeachBum Trading Sites
04:34 – Discord Invite
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#HDRO #hydrogenstocks #etfs
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