Analysts at Berenberg recommend buying clean energy firm Ceres Power Holdings plc (LON:CWR).
Ceres makes cells which convert fuel directly into electricity and has so far secured blue-chip customers such as Honda, Nissan, and Cummins.
Berenberg said Ceres’ existing partnerships make it well positioned to benefit from expected annual growth in the fuel cell market of 25 per cent between 2016 and 2024.
Ceres Power is a world leader in low cost, next generation steel fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.