05. March 2020 | 13:01 CET
dynaCERT, Plug Power, Powercell Sweden - which stocks have the highest potential?
Last week the shares of hydrogen companies were traded volatile. Profit-taking combined with the general panic on the stock markets caused sharp price losses. Those who have so far only watched from the sidelines can now enter the market. According to the motto: 'be greedy when others are fearful', investors have been able to take advantage of attractive entry prices in recent days. It is now becoming clear that central banks and governments are concertedly tackling the consequences of the current corona virus for the economy, and the DAX and DOW have already moved away from their lows.
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ISIN: CA26780A1084 , US72919P2020 , SE0006425815
"[...] We can convert buses and trucks to be completely climate neutral. In doing so, we take a modular and incremental approach. That means we can work with all current vehicle types and respond to new technology and innovation [...]" Dirk Graszt, CEO, Clean Logistics SE
dynaCERT makes the diesel green
dynaCERT is a Canadian company that has brought a hydrogen technology to production stage over the past 15 years that can be retrofitted to diesel engines. The advantage of this innovation is that that there is no need to replace the vehicle or build a costly infrastructure to use dynaCERT's units. The combustion of the diesel engine is improved by the company's technology and the efficiency is increased. The innovation is called HydraGEN and is available in different designs for all types of diesel engines. So, generators, locomotives, trains, large vehicles and passenger cars can be retrofitted with HydraGEN.
The consumption of fuel is then reduced by up to 20% and on top of that, NOx emissions are reduced by up to 88%. Emissions of particulate matter are reduced by 55% and CO2 by up to 10%. There are around one billion diesel engines worldwide, a gigantic market for the company and its patented technology. On the stock exchange, dynaCERT is currently worth around EUR 209 million. The share price corrected from EUR 0.875 to EUR 0.535 in February 2020 and closed yesterday at EUR 0.63.
Plug Power with focus on mobility
The US company Plug Power offers various products related to the use of hydrogen as an energy carrier. The company offers fuel cells with engines on the one hand, but can also offer hydrogen filling stations for the expansion of the infrastructure. In total, Plug Power has already produced more than 29,000 fuel cells and set up more than 80 filling stations. On average, 22 tons of hydrogen are used per day, making the company and its customers the largest user of the energy carrier in North America, according to its own website.
When using hydrogen as an energy carrier, it is important to note, in the context of the CO2 footprint, that even the energy used to produce hydrogen is climate-neutral, otherwise it would merely be a relocation of exhaust emissions. A major advantage of Plug Power's hydrogen technologies is the elimination of lead-acid batteries. The market value of the company is EUR 1.28 billion. In the previous month, the shares went from EUR 5.91 to EUR 3.16 and yesterday they were trading at EUR 4.27 again.
Mobile and stationary solutions
PowerCell Sweden is focused on the development and production of fuel cells and power generation equipment that use hydrogen as an energy carrier. The company has developed solutions that can be used in both stationary and mobile applications. Customers have the advantage that the modular design of the products allows them to individually adjust the power requirements.
PowerCell Sweden was founded in 2008 as a spin-out from the Volvo Group. Meanwhile, the company's technology is used in a wide range of applications in stationary operation in the energy supply of solar houses, in the transport industry, by sea and in logistics. The market value of PowerCell Sweden is around EUR 1.05 billion. The shares dropped from EUR 32.45 to EUR 16.14 in February 2020 and yesterday closed at EUR 21.40.