December 16th, 2024 | 07:15 CET
Ballard Power, F3 Uranium, Nordex – Alternative energies with a clean rebound
While the stock market is still shining, it is dark in Germany - not referring to the current government still in office but to the weather. In addition to the fact that the sun is hardly showing, the wind is also blowing even weaker than usual. As a result, significantly less energy is being generated during the dark doldrums. Gas and coal-fired power plants have to step in here, but their electricity production is considerably more expensive. A clean alternative embraced by the rest of the world is nuclear energy. While the traffic light coalition took the last reactors off the grid, the expansion of uranium production is being strongly pushed there.
time to read: 3 minutes
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Author:
Stefan Feulner
ISIN:
BALLARD PWR SYS | CA0585861085 , F3 URANIUM CORP | CA30336Y1079 , NORDEX SE O.N. | DE000A0D6554
Table of contents:
"[...] When we acquire something, we want to make sure that the acquisition fits with our strategy and has the potential to be successful for our shareholders. [...]" John Jeffrey, CEO, Saturn Oil & Gas Inc.
Author
Stefan Feulner
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
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Ballard Power – Rebound in sight
The Canadian company, specializing in the development and production of fuel cells, has managed to find a bottom after a prolonged dry spell - its stock plummeted nearly 97% since its peak in February 2021. After successfully defending the support level from 2016 at CAD 1.70, the share price rose by around 50% to CAD 2.64 but is currently in a consolidation phase at CAD 2.29.
To complete the bottoming-out process in the long term, a sustained breakout above the CAD 2.64 range would be fundamental. The further price targets would then be CAD 3.03 in the short term. On the one hand, the EMA 200 runs here; on the other hand, the price gap from September 2024 would be closed in this area.
Fundamentally, Ballard Power was able to shine with a new long-term supply contract with Canadian Pacific Kansas City, which includes the initial delivery of 98 fuel cell engines for use in the North American freight rail market. Each engine has a nominal power output of 200 kilowatts, for a total of approximately 20 megawatts of fuel cell power. All 98 engines are expected to be delivered in 2025.
The contract builds on an existing partnership between Ballard and CPKC that began in 2021 and has so far included the delivery of approximately 10 MW of fuel cell engines and the successful integration of Ballard fuel cell engines into hydrogen-powered locomotives for regular shunting and freight transport in Alberta, Canada.
F3 Uranium – Analysts predict multiplication potential
The research firms Red Cloud and SCP are extremely optimistic about the share price performance of the uranium exploration company F3 Uranium. Target prices of CAD 0.60 and CAD 0.75 were mentioned in the latest analyses, leaving considerable upside potential with the current share price at just CAD 0.25.
It should also be noted that the purchase studies were conducted prior to the recently announced analysis for hole PLN24-176 of the current 2024 drilling program on the Patterson Lake North property, which returned 7.5 m of 30.9% uranium oxide, including an ultra-high-grade core of 4.5 m of 50.1% uranium oxide. Such grade thickness had not been achieved in any drill hole on the 4,078-hectare property to date. The 100% owned Patterson Lake North is located on the southwestern edge of the Athabasca Basin, near the high-grade uranium deposits Triple R from Fission Uranium and Arrow from NexGen Energy.
In total, the Company holds three uranium properties within the PLN project, covering a total area of 42,961 ha. Another asset of F3 Uranium is its experienced management team, led by CEO and Chairman Dev Randhara, President Raymond Ashley and VP Exploration Sam Hartmann. It was this very team that founded Fission Uranium in 2012 and made the discovery at Patterson Lake. In addition, the same people were the founders of Fission Energy and built the Company into a TSX Venture 50 company after the discovery of the J-Zone. F3 Uranium is currently valued at a market capitalization of CAD 126.66 million.
Nordex – Order from the war zone
In contrast to many other companies in the renewable energy sector, the wind turbine manufacturer's shares have performed positively so far this year, with a gain of 13%. After interim highs of EUR 15.07 in May and September, the stock hit a second resistance level and is currently in a further correction phase at EUR 11.52. In order to stop a further decline, defending the upward trend established in 2019 at EUR 10.20 is important. A strong buy signal would be generated by a sustained breakout above the double top at EUR 15.07.
In the midst of the conflict with Russia, Nordex is making a decisive contribution to Ukraine's energy independence. The Hamburg-based company has received a limited and customised logistics and installation order for 40 MW from Eco-Optima.
The Company, which is involved in the development and realisation of renewable, environmentally friendly energy sources, has ordered seven N163/5.X turbines. The contract also includes service and maintenance of the turbines.
The turbines for the 40 MW Sokal wind farm north of Lviv in the west of the country will be installed on 118-metre tubular steel towers and operated at a nominal output of 5.7 MW.
After years of correction, companies in the fuel cell and hydrogen sector are showing signs of bottoming out. Ballard Power has landed a major contract. The wind turbine manufacturer Nordex has received an order from Ukraine. F3 Uranium has achieved record results in the current drilling program.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
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