Green hydrogen is a sustainable energy source produced from regenerative energy sources through water electrolysis. According to the Allied Market Research report, the global green hydrogen market is expected to grow from $0.3 billion in 2020 to $9.8 billion by 2028, showing a CAGR of 54.7% during the forecast period.
Over the past month, the green hydrogen industry experienced a sharp correction, as evidenced by the 27% decrease in the Global X Hydrogen ETF (HYDR), compared to SPDR S&P 500 Trust ETF (SPY) 8% loss over the same period. Consequently, this drop provides investors' the opportunity to scoop up shares of hydrogen stocks on the dip.
