Jim Cramer recommends Linde and Cummins for the future of hydrogen energy [MSNBC.com]
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CNBC's on Monday endorsed two stocks as plays on hydrogen fuel cells in the current market environment.While Cramer is convinced that hydrogen fuel technology, a frontier in clean energy, is the way of the future, he thinks there is a long runway before that future arrives."The technology's not there yet — just too darned expensive for the moment — that's why I prefer the non-pure plays, likeCumminsLindeMad MoneyBPRoyal DutchCummins is a big engine manufacturing operation that's working on a hydrogen-based engine. Linde is an industrial gas distributor that counts hydrogen among its products.Shares of Cummins are up almost 30% year to date and the stock price, which closed at $231.17 Monday, is about five points off its closing high. Cummins sports a price-to-earnings multiple of less than 22.Linde shares are up 20% this year at $256.42, down from its peak close of $262.04 earlier this month. The stock has a price multiple of 61.Cramer also commented on two other popular plays on the
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