July 14th, 2021 | 11:39 CEST
Enapter, NEL, Plug Power, FuelCell - Hydrogen under cross-examination!
Table of contents:
"[...] 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
Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.
Nel ASA - Turned just before the breakout
Nel ASA is and remains one of the darlings in the hydrogen segment. So far, the stock market has been ready to celebrate any small progress or order accordingly. However, it is known that the Company's sales are not quite enough to cover the enormous development costs. Therefore, the pressure on earnings remains high and is weighing on the share price performance on the stock exchange. It has been pointing downwards again for two weeks now after no chart breakout at the EUR 2 line.
Now the public is again looking at the operating side: After the Vattenfall joint venture in the steel sector had opened up some prospects for Nel ASA, and a fresh wind is blowing at the Hyon joint venture, all that is missing now are orders. And Jon Andre Løkke, as the newly elected president of the "Hydrogen Europe" initiative, is beating the drum for the products of the Norwegians.
The billion-dollar programs launched worldwide, such as Energy Earth Shot or the H2 Global Initiative, provide the space for positive development. Still, in addition to public funding, private investors are also needed. Switzerland will establish a green hydrogen filling station network by 2023, so the Norwegians are already set.
So as long as the boom phase continues, Nel will remain on investors' lists because of its brand recognition. However, make sure to put a stop at EUR 1.70 to still lock in profits in case of a further slowdown in the H2 segment.
Enapter AG - Reaching the goal faster with new funding
Enapter AG from Saerbeck in North Rhine-Westphalia is one of the few conspicuous stocks in the H2 segment in Germany. Nevertheless, the topic is considered by politicians to be one of the crucial technologies of the future. The Company raised EUR 17.8 million via a capital increase a few months ago and is now receiving EUR 5.6 million in funding for its new megawatt electrolyzers from the German Federal Ministry of Research.
Together with Münster University of Applied Sciences, the start-up thus intends to drive forward the development of the new "AEM Multicore" electrolyzers. These series-connected core modules are expected to produce about 450 kilograms of green hydrogen per day. The new product aims to further exploit the potential of anion exchange membrane (AEM) technology and create a cost-effective alternative compared to conventional megawatt-class electrolyzers. Enapter is largely responsible for the development work, while Münster UAS supports the products with laboratory tests.
Enapter stands for CO2 reduction and climate neutrality, and the growing global demand for energy is playing into the German Company's hands. The overvalued peer group has already corrected strongly, but investors still have great interest in Enapter. Our vote: Continue to build up stocks!
FuelCell - The share price remains in the cellar
A short recovery from EUR 6.5 to EUR 10.2 was granted to investors after the title rushed a full 70% down from the high at EUR 23. Now it is heading south again, although FuelCell can report some operational progress.
FuelCell Energy's 1.4 MW SureSource 1500™ biofuel cell project is now operational in California, USA. The site offers the only fuel cell platform approved by the California Air Resources Board (CARB) for on-site biofuel use. Commenting on the news, FuelCell Energy President and CEO Jason Few said, "We are delivering on our promise to the San Bernardino Municipal Water District, providing 1.4 MW of clean electricity and contributing to cleaner air quality in the region by capturing and using methane gas that would otherwise be flared." With the commercial operation of the California plants, FuelCell Energy expands its power plant portfolio by 1.4 MW to a total of 34 MW.
FuelCell's chosen path is the right one. It is just a pity that the share price remains in the cellar. The "time of the buying frenzies" is probably over, so the only thing that remains is the share's utopian valuation.
Plug Power - Rising competition for the top dog
Now there is also pressure on the Plug Power share. Many investors fear competition in the transportation business from a new partnership between two well-known players, namely Chart Industries and Hyzon Motors. These companies are cooperating from now on and have a sensational announcement in their luggage. According to reports, they want to develop a truck with liquid H2 fuel cell propulsion with a range of 1,000 miles.
Of course, Plug Power can also come up with good news. Renault and the fuel cell specialist have formed the announced joint venture called Hyvia and have given details of their H2 plans for light-duty vehicles. The Hyvia ecosystem includes green hydrogen production, storage and distribution.
Both of these topics are very interesting, as the transportation industry offers a lot of room for green improvements. Whether it will help Plug Power's stock is questionable from a chart perspective because the EUR 29 mark should have fallen here; currently, only the EUR 24 line offers significant support. If this breaks, the target of EUR 17 is in the room - minus 30% of today's price.
Currently, the wind is blowing cold in the face of the major hydrogen stocks. All the companies under review face the same issue: how to reconcile operational growth and the high valuation. Difficult, but Enapter is financing one of the most significant industrial projects in Germany.
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 in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.