|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.02 - 11.39|
|52 Week Range||10.54 - 20.40|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||3.31|
|Forward Dividend & Yield||3.12 (27.86%)|
|Ex-Dividend Date||Sep 07, 2021|
|1y Target Est||N/A|
Australian mining billionaire Andrew Forrest on Thursday launched a green hydrogen organisation, GH2, in a push to speed up development of the clean fuel to help curb global warming. GH2's goal is to ensure that by 2050 a quarter of the world's energy comes from green hydrogen, which is extracted from water with electrolysis, an energy-intensive but carbon-free process if powered by renewable electricity. Forrest has ambitious plans for the iron ore company he founded, Fortescue Metals Group, to diversify into renewable energy, betting on green hydrogen as a major new business.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
The Zacks Analyst Blog Highlights: Rio Tinto, BHP Group, Vale and Fortescue Metals Group