THEMATIC
Hydrogen Fuel Cell Innovators Portfolio

Index Performance

+5.55%
Hydrogen Fuel Cell Innovators Portfolio
+11.79%
TMLARGE

Overview

Description

Hydrogen fuel cell technology has emerged as a prominent theme in the transition toward low-carbon energy sources, driven by increasing awareness of climate change and the global push for decarbonization. The leading players in the hydrogen fuel cell space are distinguished by their technological innovations, manufacturing capabilities, strategic partnerships, and often, substantial government support. With an increasing number of countries committing to carbon neutrality, demand for clean energy solutions is rising. This tailwind is particularly beneficial for companies specializing in hydrogen fuel cells, which offer zero-emission energy for a variety of applications, from transportation to industrial power. The market landscape is a mixture of established industrial giants pivoting into the space and innovative pure-plays scaling up operations. These leading entities are poised for growth amid supportive regulatory environments, technological advancements driving down costs, and growing industry adoption. However, the market's nascent state means high volatility and substantial risks related to the technology's commercial viability and the achievement of projected economies of scale. Possible investable subcategories within the theme: - [[Hydrogen Fuel Cell Systems for Heavy-Duty Vehicles]]: Manufacturers specializing in developing and producing fuel cell systems designed to power buses, trucks, and other heavy-duty vehicles. - [[Green Hydrogen Production Technology Providers]]: Companies focused on the technology for producing hydrogen through renewable energy sources, particularly through electrolysis, which may also include storage and transportation solutions. - [[Hydrogen Fuel Cell Components and Materials]]: Businesses that provide crucial components, such as membranes, catalysts, and plates, or materials required for the development and enhancement of fuel cell performance and longevity. - [[Hydrogen Refueling Infrastructure Development]]: Firms involved in the deployment and operation of infrastructure such as hydrogen refueling stations necessary for widespread hydrogen-fueled transportation. - [[Portable Hydrogen Fuel Cell Products]]: This subcategory targets companies that cater to smaller scale applications such as backup power systems, portable generators, and fuel cells for consumer applications. This index was generated with help from Thematic Analyst.

  • Inception Date02/06/2024
  • WeightingEqual
  • # of holdings42
What's inside?

Holdings

All holdings as of February 23, 2024
CSV download
Vontier Corp. (VNT)2.77%$6.56B-2.80%43.95%2.39
PHINIA, Inc. (PHIN)2.73%$1.62B4.54%20.69%N/A
Gentherm, Inc. (THRM)2.71%$1.84B21.95%24.52%1.24
TechnipFMC plc (FTI)2.65%$9.37B16.88%6.51%1.18
Garrett Motion, Inc. (GTX)2.63%$2.22B7.85%23.37%0.78
KBR, Inc. (KBR)2.62%$8.01B5.97%14.05%1.33
Mercedes-Benz Group AG (MBG)2.62%$82.52B-1.37%21.60%1.03
General Electric Co. (GE)2.60%$165.07B-11.25%26.08%2.09
Air Products & Chemicals, Inc. (APD)2.56%$51.46B-5.59%31.07%5.86
Chart Industries, Inc. (GTLS)2.55%$5.39B117.88%25.33%4.03
Linde Plc (LIN)2.53%$216.76B-1.53%35.14%6.64
Solvay SA (SOLB)2.50%$2.70B-31.22%29.71%1.00
Toyota Motor Corp. (7203)2.50%$316.56B23.44%22.30%1.43
PACCAR, Inc. (PCAR)2.48%$57.90B21.92%20.63%1.61
Pinnacle West Capital Corp. (PNW)2.47%$7.96B11.42%36.75%3.95
Portland General Electric Co. (POR)2.46%$4.17B8.91%35.35%3.18
Public Service Enterprise Group, Inc. (PEG)2.42%$30.08B-17.35%22.34%4.74
Honda Motor Co., Ltd. (HMC)2.41%$63.25B16.13%21.78%0.63
Tesla, Inc. (TSLA)2.41%$628.71B18.80%18.25%8.75
Dover Corp. (DOV)2.41%$22.81B-0.82%36.79%2.95
Cleveland-Cliffs, Inc. (CLF)2.40%$9.98B-4.32%6.98%0.64
JFE Holdings, Inc. (5411)2.40%$9.60B-4.10%13.09%0.64
Northwest Natural Holding Co. (NWN)2.40%$1.46B21.09%-4.99%2.44
Xcel Energy, Inc. (XEL)2.39%$32.94B-7.01%23.07%4.33
California Resources Corp. (CRC)2.39%$3.80B-24.72%49.70%1.33
Woodward, Inc. (WWD)2.38%$8.38B27.18%25.97%2.93
WEC Energy Group, Inc. (WEC)2.37%$24.68B-7.34%28.90%5.13
New Fortress Energy, Inc. (NFE)2.34%$6.47B-29.71%39.16%6.02
Hyundai Motor Co., Ltd. (005380)2.34%$44.15B14.13%N/AN/A
Asahi Kasei Corp. (3407)2.33%$9.65B4.21%29.66%0.80
The AES Corp. (AES)2.33%$11.36B-5.32%26.70%3.16
Siemens Energy AG (ENR)2.26%$11.84B8.28%13.96%0.29
Rogers Corp. (ROG)2.25%$2.13B-6.46%33.81%2.63
Ford Motor Co. (F)2.23%$47.30B11.47%13.80%0.91
Mazda Motor Corp. (7261)2.21%$7.60B18.55%22.68%0.16
Woodside Energy Group Ltd. (WDS)2.19%$37.95B-16.45%N/AN/A
Brookfield Renewable Corp. (BEPC)2.18%$4.47B5.00%29.22%N/A
EnerSys (ENS)2.17%$3.66B-6.38%30.53%1.29
HANWHA SOLUTIONS CORP. (009830)2.00%$3.81B-2.67%N/AN/A
QuantumScape Corp. (QS)1.95%$2.67BN/AN/AN/A
Bloom Energy Corp. (BE)1.79%$1.93B11.20%14.83%2.93
Plug Power, Inc. (PLUG)1.68%$1.90B5.35%-69.43%5.58
Market data by FactSet

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