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Lewis Black, CEO, Almonty Industries

Lewis Black
CEO | Almonty Industries
100 King Street West, M5X 1C7 Toronto (CAN)

info@almonty.com

+1 (647) 438-9766

Interview with mine operator Almonty Industries: "Tungsten makes e-cars better"


Nick Luksha, President, Prospect Ridge Resources

Nick Luksha
President | Prospect Ridge Resources
1288 West Cordova Street Suite 2807, V6C 3R3 Vancouver (CAN)

info@prospectridgeresources.com

Interview Prospect Ridge Resources: These fillets taste good to the market


Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)

info@cleanlogistics.de

+49-4171-6791300

Interview Clean Logistics: Hydrogen challenge to Daimler + Co.


09. November 2021 | 11:14 CET

Covestro, First Hydrogen, Volkswagen - Win with hydrogen!

  • Hydrogen
Photo credits: pixabay.com

The UN Climate Change Conference COP26 is in Glasgow until November 12 and is crucial for political climate protection measures in the coming years. The targets have already been put down on paper in black and white. Net Zero Emissions are to be achieved by the middle of the century. Fuel cell and hydrogen drives are essential prerequisites for achieving this Net Zero vision. Various companies have interesting opportunities to enter the market in the context of strategic alliances.

time to read: 3 minutes by Carsten Mainitz
ISIN: COVESTRO AG O.N. | DE0006062144 , First Hydrogen Corp. | CA32057N1042 , VOLKSWAGEN AG VZO O.N. | DE0007664039


Sebastian-Justus Schmidt, CEO and Founder, Enapter AG
"[...] Why should a modular electrolyzer cost more than a motorcycle? [...]" Sebastian-Justus Schmidt, CEO and Founder, Enapter AG

Full interview

 

Author

Carsten Mainitz

The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

About the author


First Hydrogen - Cooperation with big players

With no OEM legacy from fossil fuels or previous EV investments, Canadian company First Hydrogen launched with the goal of developing a clean hydrogen mobility system from the ground up. The long-term goal of the Company, assembled from experienced minds in the industry, is to become the leading designer and manufacturer of zero-emission, long-range hydrogen-powered commercial vehicles in the UK, EU and North America.

It focuses on the global logistics market driven by the booming digital economy and its efforts to meet emission reduction targets. With the "First Hydrogen Utility Van," First Hydrogen aims to solve the problems of major logistics players such as Amazon and UPS. The Company seeks to save both development time and cost with a "best of strategy," which means using a design and integration strategy and leveraging a proven chassis. The prototype is expected to take a maximum of 12 months to build; this is well below the industry average.

Already in the second quarter, the cooperation with two high-caliber companies was sealed. Ballard Power, a global provider of innovative clean energy with a hydrogen fuel cell fleet, was secured for its technology. A definitive agreement was reached for the design with AVL Powertrain UK, the world's largest independent automotive development, simulation and testing Company.

Recently, the completion of the initial development of light commercial vehicles for demonstration purposes for the UK market was announced. Next on the schedule is the further development and construction of two hydrogen-powered light commercial vehicles for demonstration purposes at AVL's UK facilities, with delivery scheduled for the third quarter of 2022.

In addition, First Hydrogen will also offer fuel cell-powered systems for CO2 extraction, allowing users to operate the systems in remote locations where no power grid is available, or power supply is unstable. With a valuation of CAD 91 million, the Canadian Company is still moderately valued. That First Hydrogen's management is in the premier league is demonstrated by the appearance of Nicholas Wrigley (non-executive director and chairman of First Hydrogen Limited UK) at Invest Africa's roundtable discussion at the UN Climate Change Conference COP26 as a guest speaker.

Covestro - All good things come in threes

Covestro AG is a listed materials manufacturer headquartered in Leverkusen, Germany. The Company emerged from the former plastics division of Bayer AG in 2015 and until then operated under the name Bayer MaterialScience. Following an extremely successful third quarter, the DAX member has raised its forecasts for the third time in the current fiscal year. The operating result is expected to rise to EUR 3.0 to 3.2 billion instead of EUR 2.7 to 3.1 billion as announced in the summer, the Company reported.

In the third quarter, analyst forecasts were significantly exceeded. Mainly due to significantly higher selling prices, revenues climbed 56% to EUR 4.3 billion. EBITDA increased by 89% to EUR 862 million. Net profit more than doubled to EUR 472 million, compared to EUR 179 million in the same period last year.

"We were able to fully carry the momentum of the first half into the third quarter, benefiting from the sustained high price level," said CEO Markus Steilemann. Following the final quarterly figures, analysts at UBS reiterated their "neutral" rating on Covestro with a price target of EUR 61.

Volkswagen - Drastic reduction

The share of the car company Volkswagen must continue to struggle with red figures. After the relatively weak outlook in the figures for the third quarter, negative analyst voices were heard. Analyst Philippe Houchois from the investment bank Jefferies sees the Wolfsburg-based Company less optimistically and downgraded Volkswagen from previously "Buy" to "Underperform".

In addition, the expert lowered the price target by a full EUR 100 from previously EUR 270 to EUR 170. The reason for this is that Volkswagen cannot keep up with the rapid development of electric car manufacturer Tesla. The analyst sees the complex setup as well as legacy issues and government influence as unfavorable.

The climate targets for the next decades are currently being discussed at the World Climate Conference in Glasgow. Hydrogen and fuel cell technology play a central role in this. First Hydrogen is well positioned with its "best-of strategy" but is still at the beginning of the development phase. Analysts significantly punished VW, and Covestro continues to benefit from high selling prices.


Author

Carsten Mainitz

The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

About the author



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


Related comments:

26. November 2021 | 13:04 CET | by Fabian Lorenz

Plug Power with a bang - what are Nel and First Hydrogen up to?

  • Hydrogen

Hydrogen shares are in demand again. The basis for the industry is the political will for hydrogen to become a central pillar of the energy transition. It applies to numerous industrialized countries, and Germany's new traffic light coalition will also stick to it. But there is also positive news from the companies in operational terms. Following ThyssenKrupp's plans to float its hydrogen division on the stock market, Plug Power has now reported a major order with charisma. That should also give new impetus to hydrogen shares such as First Hydrogen and Nel.

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25. November 2021 | 12:58 CET | by André Will-Laudien

Nel ASA, Enapter, Plug Power, ThyssenKrupp - Hydrogen now or never!

  • Hydrogen

It sounds crazy, yet we have arrived at the times when billionaires ask social platforms if they can flog a part of their shares to flush some money into the empty state coffers. In an age of powerful wealth shifts in favor of stock owners, this is perhaps legitimate, or nice, as it is sometimes referred to in the press. But appearances are deceptive. Behind a generally formulated question about whether one should sell shares lies the precise calculation of shifting blame if the announced sale causes a significant price loss. What then happens is a self-fulfilling prophecy with one small difference: the intention to sell was previously legitimized, so to speak, by public vote.

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24. November 2021 | 13:25 CET | by Carsten Mainitz

Clean Logistics, Ballard Power Systems, Nel ASA - Hydrogen shows its strengths in logistics!

  • Hydrogen

It may seem as though the race for drive concepts of the future has been decided, and the e-drive in combination with battery storage has prevailed. However, in the area of transport logistics, the last word does not seem to have been spoken yet. Prominent examples here include the new cooperative concepts of Nikola and Bosch in fuel cell development or the cooperation between TotalEnergies and Renault in the area of small delivery vehicles. The following companies are also likely to benefit significantly from further advances in hydrogen technology.

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