June 3rd, 2024 | 07:00 CEST
Bloom Energy, Altech Advanced Materials, JinkoSolar - Renewables are booming again
The hype that began at the start of the decade was followed by disillusionment and drastic share price losses. Over the past three years, renewable energy companies such as Plug Power, Nel ASA & Co. have lost disproportionately to the broader market. For some months now, however, many share prices have been showing signs of bottoming out, which could herald the next upward movement. There is no question that hydrogen, photovoltaics, and wind energy technologies will be further expanded in the future.
time to read: 3 minutes
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Author:
Stefan Feulner
ISIN:
BLOOM ENERGY A DL-_0001 | US0937121079 , ALTECH ADV.MAT. NA O.N. | DE000A31C3Y4 , JINKOSOLAR ADR/4 DL-00002 | US47759T1007
Table of contents:
"[...] Recovery rates of more than 90% rare earths are another piece of the puzzle on the way to the economic viability of our project. [...]" Craig Taylor, CEO, Defense Metals
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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Bloom Energy - Doubling since the annual low
Already up over 115% since the annual low on February 23, 2024, the Company based in San Jose, California, reported disappointing quarterly figures, pushing the stock to USD 16.32. Thus, the downward trend established since the beginning of 2021 and the EMA 200 were left behind. The next hurdle is the horizontal resistance at USD 18.68, after which the next short-term price target would be USD 26.55.
Bloom Energy is a company that specializes in the development and production of solid oxide fuel cells. This technology is used to generate clean, reliable and affordable energy. The fuel cells convert fuels such as natural gas or biogas directly into electricity through an electrochemical process without using combustion. This results in more efficient energy generation with fewer emissions compared to conventional methods of power generation.
An extensive collaboration was recently entered into with AI enterprise software specialist, C3.ai, to implement innovative AI-based solutions that extend the scope and precision of Bloom's product monitoring technology. Through the C3 AI Reliability Suite, Bloom Energy is able to improve the reliability and maximize the energy yield of its fuel cell servers.
Altech Advanced Materials - Innovation Made in Germany
After peaking at over EUR 17, the share price of the Heidelberg-based investment company also fell significantly to the current EUR 5.95. However, this in no way changes the future prospects of the two innovation projects that the Company is supporting. These projects, which are in the field of stationary grid storage for large-scale plants such as wind and solar parks, as well as coating materials for batteries, are still bearers of hope for the energy transition.
Last year, a feasibility study was presented for Silumina Anodes, a new type of coating method that increases battery performance and offers at least 30% higher energy density, a longer service life and greater safety.
The second hot iron that Altech is forging is CERENERGY®, a cooperation with the Fraunhofer Institute that focuses on the production of solid-state batteries for stationary energy storage. The results of the economic feasibility study were outstanding. In addition to investments of around EUR 156 million in the CERENERGY® project, revenues of around EUR 106 million with an EBITDA of almost EUR 50 million would be generated in 2028/2029.
According to the CEO of Altech Advanced Materials, who spoke at mwb Research's "Renewable Energies Conference", the Company aims to "become the global market leader in this area". In order to establish the industrial production of solid-state batteries in Saxony, the financing will be a mix of subsidies, debt and equity, whereby the latter will be "the last resort"* in order to dilute the existing shareholders as little as possible. Closing is to take place as soon as possible but no later than the end of the first quarter of 2025. The first batteries from the new plant in the Schwarze Pumpe Chemical Park should be delivered in under 2 years.
The share, valued at EUR 44.47 million, offers speculative investors an opportunity for a price multiplication, coupled with increased risk.
JinkoSolar - In rebound mode
One of the leading manufacturers of solar cells and solar modules and developer of solutions for solar power systems is experiencing a similar chart development to Bloom Energy. The Company offers a wide range of products suitable for private, commercial and industrial use.
After establishing a new low for the year at USD 21.06, the share price soared above the USD 30 mark and broke the downward trend that has been in place since July 2022. The EMA 50 is running close to the current price level at USD 31.27, while the EMA 200 is already at USD 38.22. Additionally, the next significant resistance lies at USD 38.75.
JinkoSolar attaches great importance to research and development to constantly improve the efficiency of its photovoltaic products. Its solar modules are known for their high efficiency and reliability. For example, it recently set another standard by obtaining certification for 2000-volt modules.
The 2000-volt module increases the string length for utility-scale projects, thus reducing component costs at the overall system level and improving end-to-end efficiency with less energy loss. According to the Company, the novel modules will be selectively tested in the US as early as the third quarter until they are available to the broader market early next year.
After an extended correction, companies from the solar, hydrogen and wind sectors are celebrating comebacks on the markets. Both JinkoSolar and Bloom Energy have emerged from their downtrends. The Altech Advanced Materials share offers risk-tolerant investors the opportunity to tap into the mega market of stationary energy storage.
Conflict of interest
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