Additionally, momentum behind ESG investing should provide another tailwind for companies focused on the energy transition. One of JPMorgan's top picks in the space is Plug Power. Analysts led by Bill Peterson said that the company is executing well on its hydrogen strategy, which includes electrolyzers and green hydrogen production. Additionally, the firm pointed to expansion opportunities for the company's fuel cell division. The firm said that the hydrogen ecosystem is "inflecting in 2022," and is positioned for long-term growth. "[Plug Power] has the capital with which to scale up PEM [proton exchange membrane] based technology production very rapidly and deploy a network of hydrogen production and fueling systems, building on a first-mover advantage," the firm said in a Nov. 10 note to clients. JPMorgan has an overweight rating and $52 target on the stock, which is 75% above where shares closed on Thursday.