Hydrogen stocks like Bloom Energy (BE), Plug Power (PLUG), FuelCell Energy (FCEL), and Nikola (NKLA) experienced a surge following the Biden administration's announcement of eased tax credit criteria for green hydrogen production. The new rules allow green hydrogen producers to qualify for a $3 per kilogram tax credit through 2029 by demonstrating the use of renewable power sources annually. From 2030 onwards, producers must show hourly use of renewables to obtain the tax credit. In a significant change, hydrogen producers can now utilize up to 200 megawatts of power from nuclear plants facing closure and certain fossil fuel plants with carbon capture systems while still being eligible for the tax credit. The previously stricter criteria have been relaxed to encourage more companies to invest in green hydrogen production. Frank Wolak, President and CEO of the Fuel Cell and Hydrogen Energy Association (FCHEA), praised the Biden administration for considering industry feedback and making improvements to the new rule. However, Wolak highlighted the complexity of the rule, suggesting that project developers will need to conduct thorough evaluations to understand how it applies to their specific facilities. The article also mentions a focus on AI stocks for potential high returns within a shorter time frame, suggesting them as promising alternatives. While highlighting the potential of Bloom Energy (BE), it recommends exploring AI stocks trading at less than 5 times their earnings for investors seeking alternatives. The overall sentiment in the article is positive, emphasizing the opportunities created by the eased tax credit criteria for hydrogen producers.