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June 15th, 2022 | 12:46 CEST

Hydrogen. Hope and facts: Plug Power, dynaCERT, NEL

  • Hydrogen
  • greenhydrogen
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Hydrogen has a future. The emission-free energy carrier shows its strengths, above all, when it is produced with green electricity. This so-called "green" hydrogen is currently in demand again on the stock market. Although there has been some irritation and price slides in the wake of the turnaround in interest rates, companies such as Plug Power and NEL are positioning themselves aggressively in the market. That might also offer prospects for former gambler darling dynaCERT. But first, let's look at the big players in the business.

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: Operational progress.. and what is the market doing?

    Plug Power is currently beating the advertising drum and presenting itself to investors at several conferences. At the same time, the Company, which has gained many prominent cooperation partners in recent years, is also reaching for the stars in Europe. Together with Renault, the Hyvia fuel cell vehicle is set to take off. In Denmark, electrolyzers with a capacity of one gigawatt are being installed, and at the same time, the Norwegian competitor NEL is being dealt a blow on its doorstep. Other areas of activity for Plug Power are Spain, where it plans to produce green hydrogen together with Acciona, and Belgium, where, according to the Wall Street Journal, 100 MW of electrolyzers produced by Plug Power could be in service at the port of Antwerp. And what is the share price doing? It has been crumbling for a few days now!

    After a small intermediate spurt a few weeks ago, the Plug Power share price is approaching the low again. Below EUR 12.20, the value could slide even more significantly. The share is thus moving further and further away from its high beyond the EUR 40 mark. The reason for this is the turnaround in interest rates and the aversion of many investors to growth stocks. The Plug Power share is still ambitiously valued. This valuation may be justified against the background of the operational successes, but in the current market environment, skepticism prevails among many investors.

    dynaCERT: In search of a lucrative niche

    There has never been so much skepticism about the Canadian supplier of diesel conversion kits dynaCERT as there is at present. The reason: although experts say the technology is capable of saving fuel and reducing CO2 emissions, and although dynaCERT has the necessary software for reporting emissions, the share price is not getting off the ground. On the contrary: at times, the share, which just over a year ago was named a Top Pick 2021 with a price target of CAD 2.20 by the Canadian analyst firm Haywood, was trading at CAD 0.11. Investors are still waiting for dynaCERT's solutions to gain market acceptance.

    In the meantime, the Company seems to be taking a new approach and wants to make heavy machinery, in particular, greener with its conversion kits. Especially in the mining sector, it could make sense to convert expensive equipment and thus sharpen the ESG profile of participating companies. The market capitalization of around CAD 40 million currently reflects little hope on the part of the market. However, even the first major order could herald a new era for the stock. Investors with room in their portfolio for such hot irons can get a foot in the door with dynaCERT. Traders with a good sense of developing momentum are also looking closely at dynaCERT. On the other hand, those who like to take it easy when it comes to investing are better off following any action from the sidelines.

    NEL: Danger below EUR 1!

    A place on the sidelines would also have been good for NEL shareholders in recent days - the share of the Norwegian hydrogen pioneer has lost almost 10%. NEL offers everything around hydrogen production, storage and distribution and is one of the great hopefuls. As with Plug Power, the market does not reward operational success. That may be because shares like NEL and Plug Power have received too much praise in recent years and the companies are still not profitable. Nevertheless, the NEL share should find a bottom above the EUR 1 mark. Below that, trouble threatens!

    Whether a hydrogen stock lands new cooperations, steadily increases its sales or hardly makes any sales - Plug Power, as well as NEL and dynaCERT, are not getting off the ground on the stock exchange at the moment. The latter company is currently looking for a new niche in the heavy machinery sector. The PDAC mining trade show is currently taking place in Toronto; whether dynaCERT can make a breakthrough here remains uncertain. What is certain, however, is that more or less all shares associated with hydrogen are currently in a difficult position - and, conversely, have comeback potential when the wind shifts.

    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.

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    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 André Will-Laudien on November 29th, 2023 | 09:50 CET

    DAX on record course, hydrogen sell-off! Plug Power, First Hydrogen, Nel ASA and Daimler Truck on the test bench

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    The DAX is soaring because most investors expect interest rates to fall. Based on the assumption of slower growth, investors are again focusing on cyclically sensitive stocks at the turn of the year. According to the expectation curves for ECB and FED interest rates, the first downward adjustments are already expected in Q2. The key factors here are the slight fall in inflation and the central banks' desire to cushion the potential downturn. Despite all the euphoria, the desire to buy is currently bypassing the hydrogen sector. Representatives of the sector are the stock market losers of 2023. Is there still a possibility of a quick rebound in 2024? We do the math.


    Commented by Fabian Lorenz on November 24th, 2023 | 13:00 CET

    100% upside potential with hydrogen! Siemens Energy, thyssenkrupp and dynaCERT instead of Nel?

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    Is there about to be a changing of the guard in the hydrogen sector? There are significant doubts that the previous investor favorites, Nel and Plug Power, will get their losses under control. Who could be the new favorites? Siemens Energy and BASF are working on a production plant for CO2-free hydrogen. The partners are now receiving funding from the federal government and the state of Rhineland-Palatinate. dynaCERT is having its technology tested under the toughest conditions. The hydrogen and emissions reduction specialist is equipping a team for the Dakar Classic Rally. Could 2024 bring revenue growth? thyssenkrupp nucera shows that you can also earn money with hydrogen. Analysts see almost 100% share price potential.


    Commented by André Will-Laudien on November 23rd, 2023 | 07:30 CET

    Getting in now? Hydrogen - The analysis: Nel and Plug Power sold off, rebound at dynaCERT!

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    It was like a crash. The hype sector hydrogen experienced one of the most significant sell-offs in recent stock market history with a complete reversal to the downside. Parallel to otherwise bullish markets, losses of 70 to 90% were not uncommon. The rationale behind this is understandable and frustrating at the same time: green-oriented governments around the world are trying to accelerate the climate transition but often have the wrong targets in mind due to their lack of expertise. Hydrogen is just a selectively applicable technology and not a solution for global energy supply. Studies show that only the complete, green production of H2 makes any economic sense. Investors have long since seen through the game, and politicians may have to fail before the necessary insight comes. Nevertheless, there are some opportunities for sensible hydrogen applications. We delve into the topic and put current models to the test.