Close menu

April 25th, 2022 | 11:51 CEST

Hydrogen becomes marketable: Plug Power, dynaCERT, NEL

  • Hydrogen
Photo credits:

The energy transition is a long-term project. There must be no prohibitions on thinking about it. Only about a year ago, representatives of the automotive industry rejected hydrogen. In the meantime, however, a lot has happened. The sanctions against Russia have made energy more expensive, and hydrogen is now increasingly seen as a substitute for gas. In addition, more and more hydrogen projects around logistics projects and trucks are picking up speed. Reason enough to take a close look at the industry.

time to read: 3 minutes | Author: Nico Popp
ISIN: PLUG POWER INC. DL-_01 | US72919P2020 , DYNACERT INC. | CA26780A1084 , NEL ASA NK-_20 | NO0010081235

Table of contents:

    Plug Power: Why the losses?

    Plug Power's stock first made a splash last week - and then collapsed like a soufflé left out too long. What happened? Plug Power announced earlier this week that it had received an order from Walmart to supply green hydrogen. Twenty tons are to be delivered daily. However, the Company's announcement did not provide any further details. The share price rose immediately after the news was published, but later skepticism prevailed. If one roughly calculates the value of the order, it should have a total volume of more than USD 40 million at prices of around USD 6 per kilogram. Since Plug Power only made sales of slightly more than USD 500 million last year, the order is not negligible. Additionally, Walmart could also demand more green hydrogen, and such an order could have a signaling effect.

    A little more than a year ago, share prices would have rolled over if a hydrogen stock had gone the way Plug Power has since. But as is so often the case, the market has granted advanced praise to new technology, and now that the technology is slowly becoming respectable, the market has already lost interest. If Plug Power can continue to grow, the stock market should not be able to ignore the new prospect. The marks between EUR 18.70 and EUR 25.70 are interesting for the further directional decision.

    dynaCERT: Can the Company score at the industry trade fair?

    While the Plug Power share is trading in no man's land in chart terms, dynaCERT is at the bottom: the share price fell by 64% last year. dynaCERT offers conversion kits for trucks and heavy equipment with diesel engines. These conversion kits are designed to reduce fuel consumption and thus CO2 emissions by 19%. So far, the technology has not achieved a market breakthrough, but dynaCERT is keeping its eye on the ball and recently announced that it would exhibit at Truck World in Toronto. The industry gathering took place this past weekend. dynaCERT's attractions at the event included discounts and rental offers for those interested in testing the technology.

    In addition to the conversion kits, dynaCERT also offers telematics software for reporting CO2 and fuel savings. This is especially important for companies that want to measure their environmental footprint. At first glance, the share appears to be of little interest due to the long-term downward trend. However, a second look reveals dynamic intermediate rallies, for which the value has always been good in the past. Any indication of market success for dynaCERT could cause the share, which is now trading around EUR 0.12, to jump. However, the stock is only suitable for experienced investors who are used to investing with hot irons.

    NEL: First countries get serious about hydrogen

    The performance of NEL also suggests that hydrogen stocks could experience a second lease of life. The Norwegian hydrogen all-rounder has left its lows behind and now shows a similar chart picture to Plug Power. Most recently, Denmark's hydrogen offensive created a good mood around NEL - refueling facilities are needed for hydrogen taxis. Although the good news has not yet penetrated the market, the large companies such as NEL and Plug Power will decide with good deals whether the market will also pick up again for smaller representatives.

    Investors have a variety of options depending on their risk appetite. Stocks such as NEL and Plug Power are considered established and, at least from a chart perspective, not entirely exhausted. However, the valuations are high, and a certain growth is certainly priced in at the current levels. With dynaCERT, on the other hand, many investors have already said goodbye. The scope for surprise is therefore greater. Hydrogen stocks remain speculative.

    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 hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.

    Der Autor

    Nico Popp

    At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.

    About the author

    Related comments:

    Commented by Juliane Zielonka on May 26th, 2023 | 08:30 CEST

    FREYR Battery, dynaCERT, BYD - Speed beats engineering and bureaucracy

    • Hydrogen
    • greenhydrogen
    • Electromobility
    • Batteries

    The hunt is on for high-performance powertrains! Industry-experienced Canadian hydrogen technology company dynaCERT shines with a new collaboration with Cipher Neutron. Together they are creating an electrolyzer cell that will produce 28 times more hydrogen gas than conventional cells. FREYR Battery is also making progress with its battery gigafactories, but soon on the other side of the Atlantic due to tax advantages, as the domestic government in Norway seems too slow. Progress could be faster at Volkswagen. What good is German engineering when rival BYD is not only selling cars at a breathtaking speed but also securing battery production in China for the Company's own growth? We provide an overview.


    Commented by André Will-Laudien on May 23rd, 2023 | 08:00 CEST

    DAX on a record chase, and hydrogen is making a comeback! VW, Daimler Truck, First Hydrogen, Traton. Who can convince?

    • Hydrogen
    • fuelcell
    • Electromobility

    The EU wants to invest about EUR 25 billion in hydrogen over the next 10 years. To this end, the Commission has drafted the concept of a "Hydrogen Accelerator" to promote the use of renewable hydrogen. The "REPowerEU plan" launched for this purpose aims to produce 10 million tons of renewable hydrogen within the EU by 2030 and to import a further 10 million tons. It is hoped that this will provide an important building block for saving the climate. The private sector is also involved. We take a look at some of the key players.


    Commented by Fabian Lorenz on May 17th, 2023 | 07:55 CEST

    Movement in the hydrogen sector: What are Nel ASA, ThyssenKrupp and dynaCERT doing?

    • Hydrogen
    • greenhydrogen
    • renewableenergies

    There never seems to be a dull moment in the hydrogen sector. After the horror figures and the announced capital measure at Plug Power, Stellantis' investment in Symbio is a positive signal for the sector. French Symbio is focused on zero-emission hydrogen mobility and was previously owned by the Forvia Group and tyre manufacturer Michelin. Now Stellantis, the third largest car manufacturer in the world with brands like Peugeot, Opel and Fiat, has acquired a 33.3% stake. According to Stellantis, hydrogen fuel cells are necessary to achieve climate protection goals. dynaCERT also wants to contribute to this. Perhaps a big partner will soon join the Canadians? And what is the hydrogen pioneer Nel ASA doing with its partner General Motors? ThyssenKrupp is making its subsidiary look good for the hydrogen IPO.