Alarm at Plug Power! Is Now the Time to Buy thyssenkrupp nucera? dynaCERT Management Remains Optimistic!

dynaCERT on Track Operationally: Will the Stock Take Off Now?

While an operational turnaround is taking shape at dynaCERT, its share price has yet to respond. GBC Research sees significant potential in this cleantech stock. Analysts rate dynaCERT as a "Buy" and estimate the stock's fair value at EUR 0.48. The share is currently trading at around EUR 0.065, which is still 8% higher than at the start of the year. According to analysts, the stock could multiply in value if dynaCERT succeeds in commercializing its technology for reducing fuel consumption and emissions from existing diesel engines, driving revenue growth and achieving profitability. Experts also see additional scaling potential in the CO₂ credit business. Via its HydraLytica™ platform, emissions reductions can be measured, verified, and potentially monetized over time. This could enable dynaCERT to build a recurring revenue stream alongside sales of its HydraGEN™ systems.

dynaCERT's HydraGEN™ systems use electrolysis to generate hydrogen and oxygen on demand directly onboard the vehicle, introducing the gases into the combustion process. This enables diesel engines to burn fuel more efficiently and with lower emissions. A key advantage of the technology is that customers do not need to replace their existing fleets. Instead, trucks, construction equipment, generators, and mining vehicles can be retrofitted with the HydraGEN™ system. The hardware is complemented by the HydraLytica™ platform, which records operating data and CO₂ savings. With this, dynaCERT is targeting a massive market of millions of diesel engines that are likely to remain in use for many years to come, despite the long-term trend toward electrification.

In a recent management interview, CEO Kevin Unrath and President Bernd Krüper made it clear that dynaCERT intends to complete the transition from a technology developer to an industrialized supplier. The focus is no longer on new feasibility studies, but rather on production orders, higher unit volumes, and rising revenue. Vietnam is showing particularly promising development. Following successful pilot installations, the first production orders were signed there. The country is also intended to serve as a springboard for expansion into Cambodia and Indonesia. Mexico is another strategically important market. At the same time, the company is strengthening its structures—from research and procurement through production and service to sales. The company's German management team has explicitly stated that it intends to be judged over the next twelve months on the execution of this strategy and the delivery of measurable results.

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Plug Power in a Downward Spiral

Plug Power's announcement on July 13, 2026, was supposed to be a breakthrough. But for investors, it appears to be a warning sign. The stock has continued its downward trend that began in early June. At that time, the stock of the former hydrogen high-flyer was trading at just over USD 4. Today, it is just barely over USD 2.

Plug Power announced that it is selling the project in Graham, Texas, to Stream Data Centers. The package includes land parcels and grid connection rights for 164 MW. The purchase price is up to USD 76.5 million, of which USD 50 million is to be paid by the end of July 2026. An additional amount of up to USD 26.5 million depends on the final confirmed connection capacity. In addition, Plug Power expects the release of approximately USD 14 million in escrowed collateral. In total, the transaction could thus generate up to USD 90.5 million in liquidity.

The previously agreed-upon sale of the New York Gateway Project to Stream Data Centers has also been restructured. The transaction is now to be completed in several steps. A previous escrow deposit of USD 6.5 million will be released to Plug Power, while Stream will deposit an additional USD 10 million for the land purchase. The total price remains at USD 142 million.

As a result of these transactions, Plug Power expects more than USD 80 million in additional liquidity in the short term. As of the end of June 2026, the company had approximately USD 162 million in freely available cash. Overall, the ongoing measures to optimize the infrastructure are expected to improve liquidity by more than USD 275 million. In addition, Plug Power and Stream Data Centers are exploring the potential use of Plug products in data centers.

The market is likely to lack evidence that this is a voluntary portfolio optimization rather than bridge financing until the next capital raise. As long as Plug Power does not demonstrate a sustainably lower operating cash burn and positive margins, asset sales are likely to be perceived as an extension of its financial reach rather than a fundamental turnaround. Analysts had previously expressed doubts as to whether the company could reduce its cash burn quickly enough and achieve profitability without additional capital.

Is thyssenkrupp nucera on the verge of a turnaround?

A turnaround may be on the horizon for thyssenkrupp nucera. The German hydrogen hopeful reported preliminary revenue of EUR 145 million in the third quarter of 2025/26, down from EUR 184 million in the same quarter of the previous year. This put the company slightly above market expectations. The key factor was revenue brought forward from major new construction projects, particularly in the chlor-alkali business. While revenue in the Green Hydrogen division declined significantly to EUR 36 million, it rose to EUR 109 million in the chlor-alkali segment. Consolidated EBIT amounted to EUR -2 million, which was better than expected. Headwinds in the hydrogen business were largely offset by higher margins and cost discipline in the chlor-alkali segment.

In the first nine months, consolidated revenue fell from EUR 663 million to EUR 354 million, while EBIT deteriorated from EUR 4 million to EUR -69 million. The main causes were additional costs associated with hydrogen projects and the termination of a US project contract. Order intake showed a positive trend. It rose to EUR 81 million in the third quarter and to EUR 471 million in the first nine months. The order backlog stood at EUR 638 million as of the end of June 2026. The complete and still unaudited quarterly figures are scheduled to be published on August 12, 2026.

The stock initially reacted to the announcement with a price jump of about 5%. The gains were given back last Friday. Nevertheless, this could mark the start of a price recovery. mwb research has confirmed its "Buy" recommendation and considers a rally in the stock to EUR 15 possible. Currently, thyssenkrupp nucera's stock is trading at around EUR 7.70.

If the new dynaCERT management succeeds in converting the first series orders into larger fleet contracts, the stock is likely to be poised for a revaluation. On the other hand, buying thyssenkrupp nucera shares is not yet a pressing priority. The turnaround is not yet clearly foreseeable. At Plug Power, a capital increase to secure liquidity is becoming increasingly likely. Consequently, the stock is trending weakly.