Close menu




August 31st, 2023 | 08:30 CEST

Is the breakthrough coming? BYD, Plug Power, dynaCERT share in check

  • greenhydrogen
  • Hydrogen
  • Electromobility
Photo credits: Seat

Shares related to the energy and mobility transition have not had it easy in recent months. But will the autumn bring a liberation blow? The negative sentiment could be a good contraindicator. BYD recently published convincing figures. However, analysts foresee fierce competition in the coming years. Plug Power has recently seen its price targets plummet. Does that mean the worst is behind us? At dynaCERT, the AEM electrolyser for green hydrogen is becoming a big seller. More and more industrial companies are testing it. Now, green hydrogen is also expected to contribute to green steel production in Canada.

time to read: 3 minutes | Author: Fabian Lorenz
ISIN: BYD CO. LTD H YC 1 | CNE100000296 , PLUG POWER INC. DL-_01 | US72919P2020 , DYNACERT INC. | CA26780A1084

Table of contents:


    dynaCERT: Hydrogen electrolyser for green steel in Canada

    The dynaCERT share is currently trading near its low for the year. Wrongly? Quite. Because the newsflow is positive. In particular, the AEM electrolyser for green hydrogen offered jointly with Cipher Neutron is arousing interest among industrial customers in 2023.

    Most recently, a cooperation with Strategic Resources Inc. was reported. As a first step, dynaCERT, Cipher Neutron and Strategic will evaluate whether the AEM electrolyser is suitable to supply green hydrogen to Strategic's metallurgical plant in Saguenay in the Canadian province of Quebec. The goal is to support the transition to green steel. Cipher sees significant revenue potential: For example, in Phase I, about 84 250-kW AEM electrolysers will be installed to produce about 10 tons of green hydrogen gas per day. Subsequently, he said, it is possible to double capacity to 200 250-kW electrolysers to produce up to 30 t of green hydrogen per day for the BlackRock project.

    Sean Cleary, CEO of Strategic Resources, said, "*Cipher Neutron's AEM technology shows significant potential for fundamental change and is an excellent fit with the evolving hydrogen strategy of Strategic's BlackRock project. We look forward to integrating AEM electrolyser technology, much like that of Cipher Neutron, to promote a greener and more sustainable future in line with global greenhouse gas reductions. Strategic Resources has a long history of promoting green and sustainable technologies and welcomes the opportunity to be part of the development of the growing green hydrogen economy and support the transition to green steel for the Western world.

    And dynaCERT has other mainstays. The Canadians have brought to market HydraGEN technology to reduce fuel consumption and emissions from commercial vehicles. In addition, recurring revenues are to be generated in the future through trading in emissions certificates.

    BYD: Strong figures, but analysts remain skeptical

    BYD also has a positive news flow. However, the share price is not making significant gains. The solid quarterly figures should be a liberating blow. After all, they are something to be proud of. With 1.255 million vehicles sold in the first half of 2023, the Chinese mobility group almost doubled the number from the same period of the previous year (H1 2022: 646,000 vehicles). Revenues rose from CNY 150.6 billion to CNY 260.1 billion in the period under review. Profit climbed 272% to CNY 10.95 billion. For the full year 2023, BYD expects to sell around 3 million vehicles, up from 1.86 million in 2022.

    However, this did not convince all analysts. DZ Bank confirmed their buy recommendation and increased the price target slightly from HKD 305 to HKD 320. Jefferies is more skeptical. Their analysts also recommend buying BYD shares but reduced the price target from HKD 274 to HKD 263. Thus, they see only little price potential. Although the quarterly figures were in line with expectations, the competition in the e-car sector worries the analysts. An end to the price war initiated by competitor Tesla at the beginning of the year is not in sight. The competition among manufacturers will become fierce in the next three to five years. Although BYD is likely to be among the winners of the selection process due to its broad product pipeline, the battle will also leave its mark on the Chinese company.

    Plug Power: Target price almost halved

    Analysts are also currently skeptical about Plug Power. According to marketbeat.com, four analysts cut their price targets in August alone. The change at Roth MKM was particularly drastic. Their analysts lowered their expectations for the share of the hydrogen specialist from USD 13 to USD 7.50. At Trust Financial, the price target was reduced from USD 12 to USD 10, at Susquehanna from USD 15 to USD 14 and at BMO Capital Markets from USD 10.25 to USD 8. Currently, Plug Power shares are trading at around USD 8.90.

    Nevertheless, 11 of 19 analysts listed on marketbeat.com recommend buying the stock. The average price target is USD 18.64. A year ago, however, it was USD 34.86.


    Can stocks like BYD, dynaCERT, and Plug Power bring joy back to investors in the fall? The current sentiment is certainly an encouraging contraindicator. Positive news, such as those from BYD and dynaCERT, are being overlooked. At Plug Power, more and more analysts are losing hope. This could be the breeding ground for rising prices.


    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 Fabian Lorenz on October 22nd, 2025 | 07:15 CEST

    HYDROGEN IS ALIVE! Bloom Energy, thyssenkrupp nucera, and dynaCERT! 1,000% not enough?

    • Hydrogen
    • greenhydrogen
    • cleantech
    • renewableenergies

    Plug Power has gained nearly 500% since May, proving that hydrogen is very much alive. The applications may be different from what was expected in the hype a few years ago - more specific and niche-focused. Investors are speculating that hydrogen will benefit from the energy boom driven by artificial intelligence. The same applies to Bloom Energy, whose stock has exploded by 1,000% over the past year. dynaCERT is active in an exciting niche, offering conversion kits for diesel engines ranging from trucks to container ships. Initial sales successes give hope for more. Will emission certificates follow? And what is Germany's hydrogen hope, thyssenkrupp nucera, doing? It remains in the shadow of TKMS. Still, one analyst sees upside potential of around 50%.

    Read

    Commented by Nico Popp on October 22nd, 2025 | 07:10 CEST

    Hype and day-to-day business – What matters now: European Lithium, BMW, Mercedes-Benz

    • Mining
    • Lithium
    • CriticalMetals
    • Electromobility
    • RareEarths

    European Lithium shares have recently caused quite a stir. But what is behind the surge that has multiplied its value within just a few days? What role does the Company actually play - for the US and also for Europe? We sort through the many reports on European Lithium and show where the Company could be headed in the medium term. One thing seems certain: Without European Lithium, the outlook for the automotive industry on both sides of the Atlantic looks bleak. Reason enough to take a closer look at the background.

    Read

    Commented by Carsten Mainitz on October 21st, 2025 | 07:40 CEST

    Power Metallic Mines, RENK, BYD – An explosive combination! And the winners are?

    • Mining
    • Copper
    • Nickel
    • Gold
    • CriticalMetals
    • Electromobility
    • Defense

    Many topics are dominating the headlines. Peace in Gaza – and soon in Ukraine? This prospect initially put a significant damper on defense stocks – but only temporarily. After just a few days of correction, prices are already rising again. Gold at an all-time high is another major topic being covered in the media. Meanwhile, the geopolitical shifts we were reluctant to acknowledge for far too long are now catching up with many companies: China is cutting the world off from critical raw materials and rare earths. Read here to find out how investors can identify promising high-potential opportunities in this constellation.

    Read