Close menu




November 18th, 2024 | 07:05 CET

Bloom Energy, Altech Advanced Materials, FuelCell Energy – Extreme jumps

  • Batteries
  • renewableenergies
  • Energy
  • Fuelcells
Photo credits: pixabay.com

After the stock market celebrated the quick end of the US elections, a sense of realism returned to the market. The technology exchange Nasdaq, in particular, was hit hard on the last trading day of the week, falling by almost 2.5%. In general, volatility increased significantly in the past trading week. The reason for this lies in the rising yields on US government bonds. A previously priced-in interest rate cut is now once again uncertain.

time to read: 4 minutes | Author: Stefan Feulner
ISIN: BLOOM ENERGY A DL-_0001 | US0937121079 , ALTECH ADV.MAT. NA O.N. | DE000A31C3Y4 , FUELCELL ENERGY DL-_0001 | US35952H6018

Table of contents:


    Bloom Energy in a celebratory mood

    Bloom Energy shareholders received a pre-Christmas surprise as early as mid-November. The stock surged nearly 60% to USD 21.14 in response to the announcement that the leading provider of stationary fuel cells for power generation has signed a supply contract with American Electric Power (AEP). The contract includes up to 1 gigawatt of Bloom Energy products and represents the largest commercial procurement of fuel cells in the world to date.

    AEP has already ordered 100 megawatts of Bloom Energy's solid oxide fuel cells (SOFC). The agreement expands the previous collaboration between the two companies and aims to expand the use of Bloom's SOFC technology in commercial and industrial settings.

    This technology offers a high power density of 100 MW per acre and is characterized by rapid deployment and high availability. The fuel cells will initially be installed in AI data centers to meet their urgent power needs. KR Sridhar, founder, chairman and CEO of Bloom Energy, emphasizes the suitability of the Bloom platform for the requirements of modern data centers. With over 1.3 GW of installed capacity and a production capacity capable of delivering gigawatts annually, Bloom Energy is well-positioned to meet demand.

    The fuel cells will also deliver electricity with 34% lower CO2 emissions than the current marginal power plants in the PJM grid. When operated with natural gas, SOx and NOx emissions are almost completely eliminated. Bloom's fuel cells can also run on 100% hydrogen or a mixture of hydrogen and natural gas, enabling future reductions in the carbon footprint.

    Altech Advanced Materials – Capital measure completed

    Altech Advanced Materials received around EUR 800,000 from a private placement, which is less than expected. Originally, 1,460,500 shares were to be issued at a price of EUR 2.40. As management announced at the beginning of October, the total equity requirements for the upcoming projects in Schwarze Pumpe are around EUR 1.9 million. Broken down again, Altech Advanced Materials' share of the CERENERGY® project is EUR 1.0 million, while around EUR 0.9 million is estimated for the Silumina Anodes project.

    In a report dated October 28, the associated company disclosed that a lack of sufficient funds would result in a dilution of the stakes in the aforementioned companies. However, the targeted financial close for the CERENERGY® project is still subject to considerable uncertainty.

    In a landmark partnership with the Fraunhofer Institute for Ceramic Technologies and Systems, Altech Advanced Materials is developing an innovative battery that could fundamentally change the landscape of stationary grid storage. The CERENERGY® technology, developed for use in large-scale facilities such as wind and solar parks, offers significant advantages over traditional batteries.

    CERENERGY® batteries are fire and explosion-safe and designed to last more than 15 years. They can also be used in extreme climates, in both very cold and very hot regions. An outstanding feature of this battery technology is the use of low-cost and environmentally friendly materials such as common salt and small amounts of nickel while avoiding the use of lithium, cobalt, graphite and copper. According to the Fraunhofer Institute, the production costs of CERENERGY® batteries could be about 40% lower than those of comparable lithium-ion batteries.

    Altech Advanced Materials recently made significant progress: The Company announced that its operating company, Altech Batteries GmbH, has signed a letter of intent with Zweckverband Industriepark Schwarze Pumpe (ZISP). According to this agreement, ZISP will purchase 30 MWh of energy storage capacity annually for at least five years from 2027, spread across 30 units of 1 MWh GridPacks each.

    FuelCell Energy – Extreme volatility at week's end

    When looking at the stock price at the close of trading, things were business as usual for fuel cell specialist FuelCell Energy, as they have been in recent weeks. The Company from Danbury, Connecticut, ended the day down more than 12% at USD 6.16. What happened intraday, however, was almost unbelievable. After FuelCell Energy announced a cost-cutting program before the start of Nasdaq trading, the stock intermittently rose by over 35% to USD 9.45 on extremely high volume before short sellers - the Company is one of the most short-sold stocks with a short interest of around 24% - took over again and pushed the price down significantly.

    FuelCell Energy announced in pre-market trading that it would cut 13% of its workforce in the US, Canada and Germany as part of a global restructuring of its operations. Overall, operating costs are to be reduced by almost 15% in fiscal year 2025, which management says will protect its competitive position in the face of slower-than-expected investment in clean energy. The downsizing of the workforce began in September, with the latest layoffs reducing the total by 17%.

    The Company expects the restructuring plan to be substantially completed by the end of the first fiscal quarter of 2025, which runs from November to January, at a cost of approximately USD 1.7 million to USD 2 million for severance payments. The plan is not expected to impact carbonate production capacity at the plant in Torrington, Connecticut.

    On December 19, further details of the restructuring plan are to be announced, along with the fourth-quarter figures.


    Bloom Energy's share price skyrocketed after the Company signed a supply contract with American Electric Power. FuelCell Energy's shares experienced a similar surge, although this was sold off again during trading. Altech Advanced Materials reported the result of its capital measure.


    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.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    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.

    About the author



    Related comments:

    Commented by André Will-Laudien on October 21st, 2025 | 07:35 CEST

    Gold USD 4,300 and Silver USD 53 – Buying frenzy at Silver North, First Majestic, Nel ASA, and JinkoSolar

    • Mining
    • Silver
    • Gold
    • renewableenergies
    • Solar
    • Energy

    Silver has been shorted by many investment banks for several years because sufficient supply was available from Mexico and other producing countries. The tide has turned. Over the past 12 months, the precious metal has caught up with its big brother gold, gaining 54%. There are several reasons for the scarcity-driven rally: there are only around 250 active silver mines worldwide, compared to around 1,400 gold mines. In addition, silver has massively expanded its importance as an industrial metal: it is indispensable in high-tech, e-mobility, defense, and medical technology. As a result, less and less physical silver is available to investors, while inventories on the futures markets continue to decline. Now is the time to take a position in silver. Alongside industry giants such as First Majestic, Silver North is among the most promising beneficiaries of the new silver boom.

    Read

    Commented by Armin Schulz on October 21st, 2025 | 07:25 CEST

    Who benefits, who suffers? The raw materials crisis in e-mobility: BYD, Graphano Energy, and Volkswagen

    • Mining
    • graphite
    • Energy
    • renewableenergies
    • Electromobility
    • rawmaterials

    The future of mobility is being decided in the battery factory. Innovative battery cells promise longer ranges and lower costs, but the road to getting there is marked by a fierce race for scarce raw materials and technological supremacy. This tension between disruptive progress and geopolitical risks creates unique opportunities for companies that navigate the transformation strategically. Today, we take a closer look at how BYD, Graphano Energy, and Volkswagen are currently positioning themselves.

    Read

    Commented by Armin Schulz on October 21st, 2025 | 07:15 CEST

    Barrick Mining and Kobo Resources: Gold as security – Occidental Petroleum: Energy as opportunity

    • Mining
    • Gold
    • Commodities
    • Oil
    • Gas
    • Energy

    In an era of geopolitical upheaval and monetary policy experimentation, tangible assets are gaining strategic importance. Gold remains a fundamental store of value, while the transformation of the energy sector is driving demand for critical raw materials. Even oil, despite volatile prices, retains its status as a geopolitical lever. In this environment, companies with access to these resources are well-positioned. Three players are in focus: the gold producer Barrick Mining, the exploration specialist Kobo Resources, and the oil and gas company Occidental Petroleum.

    Read