Best performing Nigerian stocks for the week ended August 21, 2026
Nigerian equities extended their correction for a second straight week, with the benchmark NGX All-Share Index (ASI) declining 3,268.04 points, or 1.35%, to close at 239,351.16 points, down from 242,619.20 points the previous week, as broad-based weakness across banking, oil & gas, insurance, and growth stocks continued to weigh on the market. The post Best performing Nigerian stocks for the week…
Two hydrogen stocks are worth considering for investment in August 2026 if one believes in the industry's turnaround. Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) are two companies that could offer significant growth potential.
Plug Power has shown improvement in recent quarters, with an adjusted loss per share of just $0.07, beating expectations. Revenue reached $178.3 million, and gross margins approached breakeven. The company has cut costs by 50% year over year and deployed units more than doubled to 1,666. With $160 million in cash and equivalents, Plug has the runway to hit its targets and hit its growth goals.
Bloom Energy has been a standout performer in the sector, with solid oxide fuel cells becoming increasingly in-demand for AI data centers. In Q2 2026, Bloom's operating earnings jumped 680% year over year, and revenue grew to over $1 billion, a 165% increase from the previous year. Management raised its guidance, and the company now has $2.67 billion in cash and equivalents on the balance sheet.
However, Bloom's high valuation may be a concern, with a trailing P/E ratio nearing 300. Despite this, the company's growth potential remains strong as AI-power demand continues to expand worldwide.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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