Close menu




October 5th, 2022 | 12:03 CEST

Hydrogen shares step on the gas again: Nel ASA, Plug Power and First Hydrogen profit

  • Hydrogen
  • greenhydrogen
  • Technology
Photo credits: pixabay.com

Hydrogen stocks such as Nel, Plug Power and First Hydrogen made significant gains yesterday. Nel is benefiting from a million-dollar grant from the US Department of Defense, and the stock is fighting a downward trend. First Hydrogen, the year's top performer, is also driven by European expansion, its own fueling station network, and a compelling presentation at an investor conference. With the positive industry sentiment, the share prices of Plug Power and ITM Power are also picking up - in some cases, by double digits. Whether as a drive system for vehicles or as a substitute for natural gas, experts believe that hydrogen has a bright future. Governments are promoting it heavily, and companies are also making progress.

time to read: 3 minutes | Author: Fabian Lorenz
ISIN: NEL ASA NK-_20 | NO0010081235 , PLUG POWER INC. DL-_01 | US72919P2020 , First Hydrogen Corp. | CA32057N1042

Table of contents:


    Dirk Graszt, CEO, Clean Logistics SE
    "[...] 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

    Full interview

     

    First Hydrogen: Filling station network and European expansion

    Things are going well at First Hydrogen: The stock has performed strongly in recent months, and the healthy consolidation already seems to be over. And more importantly, the Canadians are also going full throttle operationally. Their own H2 filling station network in North America is feasible. Now that the EU has agreed on a concrete strategy to promote renewable energies, First Hydrogen is also expanding in Europe. The plan is to recruit fleet operators with light commercial vehicles for test deployments. Testing in Germany and France is scheduled to begin in early 2024. In addition, First Hydrogen is examining the possibilities for the production of green hydrogen. Because the EU's goals are ambitious: by 2030, 20 million tons of green hydrogen should be available. Half of this is to be produced within the EU and the rest imported.

    Nicholas Wrigley, Chairman of First Hydrogen UK, says: "The strategic framework and the European Union's commitment to hydrogen is now in place and represents a great opportunity for First Hydrogen's business model, which offers a total solution by providing fleet vehicles and hydrogen as a service." In the UK, the first demonstration vehicles are already on the road and will be tested by fleet operators in the coming months. This will facilitate expansion into the EU. First Hydrogen is convinced that the vans are industry leaders in terms of range, rapid refueling and performance. The Company also reported on its excellent prospects at the 4th IIF virtual investor conference last week. The content is also available here on youtube.

    The experts from researchanalyst.com also confirmed further upside potential for First Hydrogen in their most recent study. Compared to the competition, the stock market valuation of the Canadians is still far too low, despite the recent strong performance. They also point to the Company's "Hydrogen-as-a-Service" strategy. As part of this, First Hydrogen could build its own H2 refueling station network in North America. Read more here.

    Nel wins US facility as partner

    Among the much more highly valued peer group is Nel. Despite halving its share price this year, the Norwegian company still tips the scales at around EUR 2 billion. Weak growth, high losses and a lack of major orders are weighing on the share. At least Nel can still boast well-known sponsors. In the US, the US Department of Defense is providing financial support for the development of advanced PEM electrolyzers to enable low-cost hydrogen storage and robust applications. The USD 5.6 million grant is intended to accelerate research.

    Kathy Ayers, vice president of research and development at Nel, said, "We are very pleased to receive this funding from the Department of Defense. This project will be an important enabler for large-scale renewable hydrogen production for industrial applications using PEM technology." The project is expected to run for 19 months. On the back of the news, Nel shares gained over 10% in German trading yesterday, heralding a breakout attempt from the downtrend.

    ITM Power and Plug Power gain

    In the context of the friendly mood - and without company-specific news - the shares of ITM Power and Plug Power also made significant gains. ITM Power climbed by more than 10% to EUR 1.33. However, the value has also more than tripled since May. The all-time high from November of last year was over EUR 6. After disappointing figures and a change in management, Berenberg had recently reduced the price target to EUR 1.51. Plug Power, the industry leader, gained more than 5% yesterday. Investors are also waiting for major orders for faster operational growth from the US company, valued at over USD 13 billion. Most recently, the hydrogen pure play, together with partner Lhyfe, commissioned the first hydrogen production plant on a floating platform. The 1 MW plant is located directly near an offshore wind farm and can thus produce green hydrogen without detours. The two partners plan to jointly build green hydrogen production plants across Europe. The production capacity is expected to reach 300 MW by 2025. They also want to develop a 1-GW production facility together.


    Hydrogen will be a central component of the world's energy supply in the coming decade. Companies are positioning themselves for this. First Hydrogen is one of the more undervalued companies. Nel and Plug Power must finally break even on the sales side.


    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 news.financial. 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

    Fabian Lorenz

    For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

    About the author



    Related comments:

    Commented by André Will-Laudien on June 24th, 2024 | 07:15 CEST

    IPOs, Takeovers and Mergers - Here we go again! Varta, Altech Advanced Materials, Nel ASA, and Cavendish

    • renewableenergies
    • Batteries
    • Technology

    Every day, new records on the NASDAQ make investors' dreams come true, but at the end of last week, there were the first signs of a correction, with top stock Nvidia losing 10% from its peak. This is a minor setback after a rise of almost 100% since mid-April. The IPO market is also picking up again as newcomers want to seize the opportunity. The Norwegian hydrogen pioneer Nel ASA successfully floated its filling station subsidiary on the stock exchange. This creates more transparency within the Company and fills the coffers. While Varta has issued another revenue warning, Altech Advanced Materials is launching its new battery technologies. In terms of achievements, "Made in Germany" is still "top", but the right stock selection remains the trump card.

    Read

    Commented by Juliane Zielonka on June 20th, 2024 | 06:30 CEST

    Apple, Kraken Energy, Palantir - Network effect for market expansion, who is ahead?

    • Mining
    • Uranium
    • Software
    • Technology

    Network effects play a decisive role for companies in securing and expanding market share. Apple is strengthening its consumer credit business through its partnership with Affirm. This will allow the Company to further expand its mobile payment solution in the US while it struggles with regulatory challenges in the EU. Kraken Energy is a US-based uranium exploration company strategically positioned in the global energy industry. With a focus on high-value projects such as the Apex Uranium Mine in Nevada, Kraken Energy is capitalizing on the increasing global demand for nuclear energy resources. Palantir, on the other hand, is actively expanding its business towards B2B customers, particularly through AI-driven data analysis. Which of the three companies is ahead in terms of network effects?

    Read

    Commented by Fabian Lorenz on June 19th, 2024 | 07:00 CEST

    Insider alert at Rheinmetall and Thyssenkrupp Nucera! Is First Hydrogen better than Nel?

    • Hydrogen
    • GreenTech
    • Defense
    • renewableenergies

    Insiders are taking action after the Rheinmetall share slipped below the EUR 500 mark in the past few days. Following share purchases last week, more board members ordered shares at the start of this week. And there is also positive news on the operational side. There is also an insider alert at Thyssekrupp Nucera. Can the German hydrogen share stop the downward trend? And should First Hydrogen be preferred over Nel? There are good reasons for this. The Canadians' hydrogen commercial vehicle has now also impressed Amazon in practical tests. The news has gone under the radar in the current negative industry environment. This presents a buying opportunity, as EUR 500 million in annual revenue potential is offset by a EUR 30 million market capitalization.

    Read