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We just covered the 14 Best Low Risk High Growth Stocks to Buy Right Now and Linde plc (NASDAQ:LIN) ranks 12th on this list.

Industrial gas companies are often seen as mature businesses. However, Linde plc (NASDAQ:LIN) is considered a mature growth option because of the profile it has in the clean hydrogen and semiconductor gas sectors. The primary safety mechanism for the stock is its contractually secured backlog. In early 2026, Linde reported a record $10 billion project backlog. Because these are long-term, take-or-pay contracts, where customers must pay even if they do not take the gas, it provides a level of earnings certainty that is rare in the industrial sector. Management expects to start up $2.5 billion to $3 billion worth of these projects in 2026 alone, converting secured capital into immediate, high-margin recurring revenue.

The base business of Linde plc (NASDAQ:LIN) provides investors safety, while the company’s leadership in the energy transition provides high growth. Approximately two-thirds of Linde’s backlog is tied to clean energy, specifically hydrogen production and carbon capture. Linde is currently executing some of the world’s largest clean hydrogen projects, such as those in the US Gulf Coast, positioning it to be the infrastructure landlord of the future hydrogen economy. The firm is a critical partner for the AI revolution. Manufacturing advanced AI chips requires ultra-high-purity specialty gases. As semiconductor fabs move to smaller nodes, the gas intensity increases significantly. In Q1 2026, Linde’s electronics segment saw high-single-digit growth, driven by new fab startups in the US and Asia.

While we acknowledge the potential of LIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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