Close menu




June 23rd, 2021 | 13:14 CEST

FuelCell, NEL, Enapter - Hydrogen on the rise again!

  • Hydrogen
Photo credits: pixabay.com

It was quiet around the hydrogen stocks for a few months. Although we see high stock market turnover, the prices tended to move sideways. Yesterday there was good quarterly news from Plug Power, sales are increasing, but the loss continued to grow because of their high investment costs. The whole industry was caught in the downward trend, but in the last 4 weeks, there was a small revival of the stocks. The independent research organization SINTEF from Norway forecasts a massive market for hydrogen with a demand of over 100 million tons by 2050. We take a brief look at the protagonists' cards.

time to read: 3 minutes | Author: André Will-Laudien
ISIN: US35952H6018 , NO0010081235 , DE000A255G02

Table of contents:


    FuelCell - It is just not happening

    The major goals of the Paris Agreement will only be achieved if hydrogen also takes its place within the green energy policy. But, unfortunately, while this is being strongly subsidized, political attention is nowhere near as strong as in other sectors.

    FuelCell has been on a bumpy ride for several months now. The share price has also fallen by three times since the beginning of the year. After the current earnings debacle, FuelCell can now pick up the pieces again because the quarterly report strengthens the critics. Analysts surveyed by FactSet had expected the Company to post quarterly revenue of USD 18.9 million. However, the actual performance was USD 14 million, down 26% from the estimate and even lower than the previous quarter. The loss came in at USD 0.06, just below the consensus of USD 0.05. From our perspective, the 1.5% decline in orders also qualifies as dire.

    One small bright spot: The US Department of Energy awarded FuelCell USD 8 million in a Phase 2 grant to further develop the Company's solid oxide platform. Fair enough, but overall, unconvincing. We maintain our skeptical stance for now.

    Nel ASA - Skeptical outlook despite a good pipeline

    At Nel ASA, better and better sales tickets are coming to light, but the big punch is still out of reach. Most recently, Nel had to watch as large electrolysis orders could not be landed. With green steel, however, it is now in the game. Strong partners such as Ovako, Volvo, Hitachi ABB and H2 Green Steel are ready to implement green hydrogen in steel production and convert transport & logistics to hydrogen drives. In Hofors, Sweden, a steel production plant is now to be converted to CO2-free. In the first step, this means achieving a 50% reduction in emissions.

    However, analysts are still very skeptical following the halving of the share price since February. Thus, the experts at Arctic lowered their price target from the equivalent of EUR 3.43 to EUR 1.77; the vote is Hold. The investment bank expects that the increased demand for hydrogen technology will lead to more players in the industry. The expansion of the green investment universe to include more stocks sparks increased competition for investor capital, and refinancing costs rise.

    Overall, Nel is in a very challenging environment. Valuations remain high and the share price will have to adjust meticulously to operating figures. We are tending to remain cautious in light of the upcoming release in July.

    Enapter AG - The campus is planned and financed

    Germany's Enapter AG is also considered a key stock in the green hydrogen environment. In the first quarter, the Company managed to increase its capital by EUR 17.8 million. With this money, the Company can now go all out for the new production site. In addition, the state of North Rhine-Westphalia is funding Enapter with more than EUR 9 million to set up a mass production facility for hydrogen electrolyzers. After a manageable planning phase, the construction of the production facility in Saerbeck is scheduled to begin in the fall.

    The energy turnaround and political will are driving the engineers at Enapter because they want to make green hydrogen as inexpensive as possible so that, in the end, there is also a favorable economic calculation for the customer. After all, what is the use of scientifically advanced technology if the result in the overall eco-balance does not provide any real added value in the German energy mix?

    The World Economic Forum has already honored Enapter AG and its revolutionary AEM electrolysis technology as "Technology Pioneer 2021." With this award, the Forum honors companies that make a decisive contribution to the economy and society through innovative technology.

    So far, so good. The Enapter share is recovering brilliantly from its temporary weakness and is once again heading for the EUR 30 mark. It is, therefore, in line with the trend of the H2 peer group. So if you want to bet on the energy transition "Made in Germany," Enapter is the right place to be.


    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.

    Risk notice

    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.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.


    Der Autor

    André Will-Laudien

    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.

    About the author



    Related comments:

    Commented by André Will-Laudien on September 27th, 2022 | 13:49 CEST

    Energy for the stock market! Siemens Energy, TubeSolar, Nel ASA, Plug Power - Green innovations are needed now!

    • renewableenergies
    • Energy
    • Hydrogen
    • GreenTech

    Many innovative companies are working on sustainable solutions to reduce the colossal dependence on fossil fuels, sometimes with success and sometimes with less noteworthiness. For investors, it is important to note that most of the ideas have German engineering behind them, a testament to our high-performing education and training system. Some very creative start-ups go public quickly and boldly to refinance themselves. Other large companies are already long-listed and now have to watch their formerly lush valuations melt away in the sun. The selection of portfolio stocks is important, so it is always advisable to mix standard stocks with hopeful ones, which lowers the risks. We make a selection.

    Read

    Commented by Nico Popp on September 27th, 2022 | 10:50 CEST

    Plug Power, dynaCERT, Varta: Where there is shadow, there is also light

    • Hydrogen
    • GreenTech
    • Technology

    GreenTech shares have been booming in recent weeks, and rightly so: regenerative energy sources and innovative drives are now often even cheaper than proven technology. Coupled with zero emissions, this is a decisive advantage. We explain why some shares are nevertheless weakening and show where there are interesting opportunities.

    Read

    Commented by Nico Popp on September 26th, 2022 | 14:10 CEST

    Amazon, First Hydrogen, Shell - Profits are now being made on the stock market!

    • Hydrogen
    • greenhydrogen

    The past week did not exactly provide high spirits among investors. Almost all asset classes fell. But anyone who now gives up and turns their back on the market is making a crucial mistake! We look at why winners are being made right now, where there are opportunities and which trends simply cannot be beaten down in the long term, using three stocks from different sectors as examples.

    Read