The hydrogen fuel industry has come into sharp focus among investors in recent years due to a definite thrust towards renewable sources of energy and that is possibly the reason behind the rally in the Sunhydrogen (OTC: HYSR) shares.
The stock has displayed strong momentum and has soared at a remarkable pace, which is why it could be worthwhile for investors to take a closer look at it. On Monday, the HYSR stock rallied strongly and delivered gains of as much as 47%.
It remains to be seen if the stock can manage to hold on to the momentum and deliver further gains today. The company is involved in an industry that is starting to have its time in the sun after years of irrelevance. The demand for hydrogen fuel and associated technologies is grown in several industries nowadays.
For instance, a recent report in an esteemed financial magazine revealed that Goldman Sachs is currently bullish about the prospects of the hydrogen fuel sector. Sunhydrogen could well be a stock to keep an eye on if one is interested in this sector.