Wall Street was upbeat last week with the Dow Jones and the S&P 500 hitting all-time highs last week.

Hydrogen energy remains a compelling alternative energy source, especially as we remain in an environment with elevated energy costs. There are a few ways to generate energy from hydrogen.

The hydrogen industry still waits for the Biden Administration to loosen restrictive 45V tax credit rules. Now, after about seven months, it's safe to say industry executives and even a few U.S. Senators are losing patience.

It's not just hydrogen industry executives who are losing patience over restrictive 45V tax credits. We're now learning that U.S. Senators Bill Cassidy, M.D.

Hydrogen stocks have certainly seen better days. The Global X Hydrogen ETF (NASDAQ: HYDR ), which holds 29 different hydrogen-related equities and has an AUM of $43.2 million, plummeted 40% over the past 12 months.

The hydrogen industry is still waiting on the Biden-Harris Administration to loosen restrictive 45V tax credits. And from the looks of it, industry executives are quickly starting to run thin on patience.

There's a great deal of opportunity in some of the best hydrogen stocks. They just need to get through a few roadblocks first.

Wall Street experienced a robust upswing last month, defying the famous adage "Sell in May". The rally was driven y strong corporate results, and the artificial intelligence craze.

Hydrogen ETFs soared in the month of May. The ongoing AI boom, which led to an increased need for clean and sustainable energy sources, probably has led to the rally.

After a dismal performance in the first four months, the renewable energy space showed a remarkable comeback in May driven by bullishness surrounding artificial intelligence (AI).