Comeback or crash? Hydrogen stocks: thyssenkrupp nucera, SFC Energy, dynaCERT!

dynaCERT impresses in France: Share price set for a comeback?

Is this the starting signal for a comeback for the dynaCERT share in the second half of the year? We have repeatedly emphasized here that the cleantech company must now deliver sales success following its marketing offensive in the first half of the year in order for the share price to rise. The first step in this direction has now been taken. It has been reported that cranes in the port of Rochefort-Tonnay-Charente in France are to be equipped with dynaCERT's HydraGEN technology. The port's goal is to reduce greenhouse gas emissions caused by the equipment, machinery, and facilities used in the port area.

The customer had been testing the performance of the HydraGEN devices since December 2024. Emissions measurements were taken from cranes with and without dynaCERT technology. The port authority was satisfied.

Gérard Pons, President of the Rochefort-Tonnay-Charente Commercial Port Joint Association, commented: "With this decision, we are reducing our environmental footprint and saving fuel. This will make the port more competitive, forward-looking, and in line with the desire for a state-of-the-art port that is attractive to businesses and investors alike. This system is not only an improvement from a technical point of view, but also reflects our vision of a future-oriented Rochefort."

dynaCERT is thus gaining a foothold in Europe and expanding its range of applications. Until now, the Canadian company with German management has been primarily successful in the field of trucks for the oil and mining industries in America. The potential is even greater: dynaCERT's technology can make any diesel engine cleaner. Its core product, HydraGEN™, is a hydrogen-based on-demand add-on system that uses electrolysis to introduce small amounts of H₂ and O₂ into the combustion process. This improves diesel combustion, reduces fuel consumption, and lowers emissions. Users of the technology also receive emission certificates, which can be sold to generate additional revenue. The technology is designed as a retrofit solution for existing fleets, particularly in heavy-duty transport, buses, and construction equipment.

In an interview with Lyndsay Malchuk, dynaCERT's COO, Kevin Unrath, expressed his confidence.

thyssenkrupp nucera: The new hydrogen star?

Without much fanfare, thyssenkrupp nucera's share price has performed well in recent weeks. From below EUR 8 at the beginning of April, the hydrogen specialist's share price approached the EUR 11 mark in July. Although this level could not quite be maintained last week, the stock is working on an upward trend.

The price performance was fueled by positive news. Compared to Nel and Plug Power, the quarterly figures were better received. In particular, the German hydrogen hopeful showed significantly stronger performance, especially on the earnings side. In the third quarter of 2025, revenue amounted to EUR 184 million, down from EUR 237 million in the same quarter of the previous year. Consolidated EBIT stagnated at EUR 0 million. However, the loss in the hydrogen segment improved from EUR -23 million to EUR -13 million. In the first nine months, revenue rose from EUR 609 million to EUR 663 million. nucera improved its consolidated EBIT from EUR -13 million to EUR 4 million. The order backlog as of June 30, 2025, stood at approximately EUR 0.7 billion.

nucera is also suffering from subdued investment activity in the hydrogen sector. As a result, the Group had to reduce its revenue forecast for the current year to between EUR 850 and 920 million (previously: EUR 850 to 950 million). The improved earnings forecast may have come as something of a surprise. The EBIT margin was specified at between -EUR 7 and EUR 7 million (previously: -EUR 30 to EUR 5 million).

At the same time, the Company announced a new major order from India: Chemicals group TGV SRAAC Ltd. is expanding its chlor-alkali plant in the state of Andhra Pradesh using nucera's latest eBiTAC technology. The production capacity for caustic soda is to increase to 1,500 tons per day. nucera will supply proprietary cell elements and engineering for the expansion. The partnership with TGV SRAAC has been in place since 2004 and includes several joint projects in the field of chlor-alkali electrolysis.

SFC Energy: Trust destroyed

SFC Energy caused a shock on Thursday. After the stock was celebrated as one of the beneficiaries of the defense and investment boom in the current year, the annual forecast had to be reduced on Thursday. The reasons given were US tariffs and the strong euro. SFC Energy now expects annual revenue of between EUR 146.5 million and EUR 161 million (previously: EUR 160.6 million to EUR 180.9 million). Adjusted EBIT is now expected to be between EUR 5 million and EUR 11 million, rather than between EUR 17.5 million and EUR 20.6 million.

The SFC Energy Management Board expects that, despite a very good project pipeline, several planned project awards in the Defense segment, particularly in India, will be postponed to 2026. On the income side, higher expenses for the introduction of a new ERP system, IT, and cybersecurity infrastructure also contributed to the profit warning.

The hydrogen sector remains both a challenge and an opportunity – for companies and investors alike. nucera and dynaCERT show that demand remains strong. Among the major players, the German companies appear to be overtaking former favorites like Nel and Plug Power. dynaCERT offers an exciting comeback story, especially if additional orders are secured in the coming months. At SFC Energy, there are still a few issues to be addressed. The hype around the Company appears to have subsided for now.