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May 22nd, 2024 | 08:00 CEST

Hydrogen stocks with top news! Plug Power, Thyssenkrupp Nucera and dynaCERT in focus!

  • Hydrogen
  • renewableenergies
  • greenhydrogen
Photo credits: Orsted

Despite negative quarterly figures, the Plug Power share has developed positively in recent days. Is this the turnaround for the hydrogen pureplay? The Americans recently reported progress on a mega-project. dynaCERT is strengthening its position with an industry expert and former Daimler manager. The technology company is thus preparing for the breakthrough of its products aimed at reducing emissions in diesel vehicles. All that is missing now is VERRA certification for the issue of CO2 certificates. At Thyssenkrupp Nucera, the quarterly figures currently have to be digested. Analyst comments sound somewhat disappointed, but the price targets still leave room for growth for the German hydrogen hopeful.

time to read: 3 minutes | Author: Fabian Lorenz
ISIN: THYSSENKRUPP AG O.N. | DE0007500001 , THYSSENKRUPP NUCERA AG & CO KGAA | DE000NCA0001 , DYNACERT INC. | CA26780A1084 , PLUG POWER INC. DL-_01 | US72919P2020

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    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

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    dynaCERT: Former Daimler manager for the rollout

    The dynaCERT share price has been moving sideways for months, significantly outperforming the hydrogen sector. dynaCERT's core business is its HydraGEN™ technology. The patented system can be used to retrofit conventional diesel engines to reduce fuel consumption and pollutant emissions. VERRA certification of the dynaCERT product range is required for an upward breakout of the share. VERRA has developed the world's leading quality standard for CO2 certificates. VERRA certification would be the product accolade that would lift the Company into a new league. On the one hand, certification would further enhance the value of HydraGEN™ products for customers, and dynaCERT could establish a new and highly profitable business segment by trading CO2 certificates.

    dynaCERT is positioning itself for the expected explosion in demand following VERRA certification by appointing a new top manager, Bernd Krüper from Germany, as President and member of the Board of Directors. He will lead the Company's further development and, in particular, its international expansion with the aim of increasing the sales volume of existing and new products. Krüper has over 30 years of experience in the industry, including 6 years with the Daimler Group. He was also CEO of Motorenfabrik Hatz GmbH for 6 years and has 18 years of management experience at Rolls-Royce Power Systems AG, Tognum AG and MTU Friedrichshafen GmbH.

    Bernd Krüper: "I am excited about dynaCERT's mission and its continued progress in hydrogen technology. By planning additional key initiatives in the coming months and years, I look forward to leading and driving dynaCERT's influence and positive impact in the hydrogen market."

    In addition to this appointment, there is further positive news. dynaCERT is currently raising up to CAD 2.5 million as part of a capital increase. At CAD 0.15, the placement price is even slightly above the current share price. It is common for the price in such a capital measure to be significantly below the market price.

    Plug Power: One step closer to a major order

    There is not much sign of growth at Plug Power at the moment. In the past quarter, turnover fell by 42.8% to USD 120 million. At the same time, the net loss rose from USD -208 million to USD -296 million. The hydrogen pure play thus missed analysts' estimates. Nevertheless, the share price has risen significantly from EUR 2.36 to EUR 3.46 in recent weeks. This can only be due to the relief that Plug Power has apparently got the short-term financing difficulties under control.

    In addition, an update on a major project created a positive mood. It is a 3-gigawatt plant for converting green hydrogen into ammonia. It could be built for the Australian company Allied Green Ammonia. In order to win the contract, financing must first be secured. The basis for the funding is a so-called Basic Engineering and Design Package (BEDP). Allied Green and Plug Power want to start preparing the BEDP now. However, it will likely take until the end of 2025 before Allied Green can put the plant into operation and produce 2,700 tons of green ammonia per day.

    Thyssenkrupp Nucera with a weak outlook: How analysts are reacting

    Investors also need to be patient with Thyssenkrupp Nucera. The German hydrogen hopeful is growing more slowly than investors had hoped. As part of the last quarterly figures, the Company specified its annual forecast of EUR 820 to 900 million in revenue. This was below the consensus estimates of analysts. For example, RBC had expected EUR 979 million. Despite this, the analysts at the Canadian bank maintained their "Buy" recommendation with a price target of EUR 21.

    Other analysts have reduced their price targets - Berenberg from EUR 22 to EUR 18, Deutsche Bank from EUR 27 to EUR 23, and Bernstein from EUR 22.50 to EUR 21. However, all price targets are still well above the current price level of EUR 11.60.

    Only the experts at Goldman Sachs are more cautious. They rate the shares of Thyssenkrupp Nucera as "Neutral". The price target was reduced from EUR 16 to EUR 14. Although the Company continues to lead the industry in terms of major orders, sales are nevertheless growing more slowly than expected.


    Patience is currently required in the hydrogen sector. dynaCERT is currently likely to have the best chance of a sustained rise in its share price as soon as VERRA certification is obtained. Plug Power and Thyssenkrupp Nucera may experience a countermovement at any time, but large orders and more growth are needed for a sustained rise in share prices. This will likely take a few quarters.


    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.

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    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



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