Close menu




December 3rd, 2021 | 10:22 CET

Nel ASA, Clean Logistics, Plug Power - Is hydrogen fuel for the depot again?

  • Hydrogen
Photo credits: pixabay.com

The coalition agreement of the new traffic light government has been in place since November 24. Achieving the set climate targets is at the top of the agenda. One of the cornerstones is the use of green hydrogen, and so it is essential to increase electrolysis capacity in the coming years. Investments in the development of infrastructures for hydrogen are also to receive financial support. There is also to be a quota for public procurement. What the future hydrogen strategy will look like is to be announced in more detail in an update in 2022. Countries within the EU are also to cooperate more closely in this area. We, therefore, take a look at three companies from the hydrogen sector.

time to read: 4 minutes | Author: Armin Schulz
ISIN: NEL ASA NK-_20 | NO0010081235 , Clean Logistics SE | DE000A1YDAZ7 , PLUG POWER INC. DL-_01 | US72919P2020

Table of contents:


    Nel ASA - Leaving the downward trend

    Norway's Nel ASA offers solutions for producing, storing, and distributing hydrogen produced from electrical energy, preferably renewable energy. Should the German government convince the rest of the EU to invest more in hydrogen, Nel ASA would benefit. Already on November 25, the Company was able to surprise with an order from Ovako for 20 MW electrolysis plants at a volume of about EUR 11 million. In terms of green steel, the Company is taking a leading role in Scandinavia.

    The latest quarterly figures also surprised positively and were well above analysts forecasts. Sales in the third quarter were USD 27.5 million, while the expectation was only USD 19.3 million. However, the loss of USD 60.9 million was more than twice as high as the revenue. Losses are still the order of the day in these future markets, however, and so investors then increasingly turned to the stock again.

    The share price climbed from 13.81 Norwegian kroner (NOK) to NOK 20.44 on November 12. The downward trend was thus broken for the time being. The upward trend remains intact if the share does not fall below NOK 12.81. The investment bank Jeffries published a study on the hydrogen market at the beginning of November and sees enormous potential there in the coming years. The target price was set at NOK 23.

    Clean Logistics - On course for growth

    In Germany, hydrogen is to be used primarily in industries where electrification is not possible, such as the steel industry. But the use of hydrogen is also interesting in freight transport. A pioneer in hydrogen hybrid drives for trucks and buses is Clean Logistics from Hamburg. Founded in 2018, the Company was created by three successful entrepreneurs to develop environmentally friendly drives for the logistics industry. CEO Dirk Graszt is a freight forwarder and logistics expert and realized early on that a CO2-neutral fleet could give them a competitive edge. So the Company began converting conventional diesel vehicles.

    The hydrogen bus delivered this summer, which has a range of 300 km, shows that the vision has already become a reality. The propulsion system consists of four core components, the hydrogen fuel cell system, a lithium-ion energy storage system, an electric rear axle and the hydrogen tank, equipped with a sensor, filter and telemetry system for ongoing monitoring. Not only is the drive emission-free, but it is modular enough that individual building blocks can be replaced if there are new developments in an area that improve the drive's performance. In addition, the system is virtually maintenance-free, thus significantly increasing the service life of the vehicles.

    There are already 18 conversion orders for the coming year, which will be subsidized by the German Federal Ministry of Transport. In addition, capacities are to be expanded so that 300 vehicles can already be transformed in 2023. In Nebenwerte Magazin, the CEO said, "We want to grow quickly...". On November 11, the news about the planned acquisition of E-Cap Mobility GmbH shows that the management is also following words with actions. The money for this comes from a capital increase from this year, which flushed EUR 4.1 million into the coffers. The share reached its high for the year at EUR 10.80 and is currently trading at EUR 7.50. The next support level is at EUR 6.50.

    Plug Power - Lands major order

    Plug Power is based in the US and offers turnkey hydrogen fuel cell solutions for the electromobility and stationary energy markets in North America and Europe. The Company offers its products to the retail and industrial markets through both a direct sales force and dealer networks. Increasingly, partnerships are being entered into with larger partners such as Airbus SE and, most recently, Acciona Energia, a company that is completely focused on renewable energy. As a result, the European market is becoming even more of a focus for Plug Power.

    On November 24, the Company announced that its European headquarters will be located in Duisburg. The Group also announced a major order from Fertiglobe for 100 MW of electrolyzers. They will produce green hydrogen in Egypt to produce 90,000 tons of green ammonia. This major order opens the door to an ideal location for green hydrogen production. Plug Power aims to produce 500 tons of green hydrogen by 2025.

    Plug Power's stock has been one of the strongest in the hydrogen market for some time. Since early October, the stock has risen from USD 23.81 to USD 46.50, nearly doubling. Currently, the stock is consolidating and trading at USD 35.48. There is still a price gap open at USD 29.78. A total of 19 analysts still see the stock as a buy with an average price target of a good USD 49.


    The hydrogen market may have a bright future. The prerequisite is that the cost per kilogram of hydrogen is significantly reduced. Until then, it will take some time. Nel ASA has chosen green steel as its focus and is leading the way, at least in Scandinavia. Clean Logistics tackles one of the world's main emissions challenges, freight transport. Zero-emission buses and trucks are essential if climate targets are to be met. Plug Power continues to grow and receive major orders from areas it has not yet conquered. The Company is a leader in the production of green hydrogen.


    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 in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

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

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.


    Der Autor

    Armin Schulz

    Born in Mönchengladbach, he studied business administration in the Netherlands. In the course of his studies he came into contact with the stock exchange for the first time. He has more than 25 years of experience in stock market business.

    About the author



    Related comments:

    Commented by Nico Popp on January 19th, 2022 | 10:59 CET

    NEL, dynaCERT, Volkswagen: Will the last be first?

    • Hydrogen

    Energy prices are going through the roof. Anyone who has to change their energy supplier these days is in for a surprise. Surcharges of 50% and more for electricity and gas are not uncommon. In this context, questions about the drives of the future are becoming louder again. Although hydrogen also has a high energy requirement, the German Federal Ministry of Economics and Technology promotes green hydrogen as a lower levy under the Renewable Energy Sources Act. Reason enough to take a closer look at some stocks related to hydrogen and mobility.

    Read

    Commented by Carsten Mainitz on January 13th, 2022 | 14:13 CET

    dynaCERT, Plug Power, Nikola - Will hydrogen be the comeback of 2022?

    • Hydrogen

    Electromobility is an important building block for reducing CO2 emissions. However, batteries are not efficient enough due to their limited range and long charging times, especially in heavy-duty traffic. The most promising technology is hydrogen. However, after a veritable hype last year, many values experienced an abrupt crash after it became clear that the necessary infrastructure was not yet ready. But in 2022, the course could slowly be set, and hydrogen stocks could make the comeback of the year. We took a closer look at three promising candidates.

    Read

    Commented by Nico Popp on January 13th, 2022 | 11:03 CET

    Bayer, First Hydrogen, NEL: This is how innovative investing works!

    • Hydrogen

    Innovation pays off - especially on the stock market. That is because innovative products generate price fantasy, which can generate rich returns on the stock market within a very short period of time. In addition to classic trend themes, such as hydrogen, established companies can also score with innovations. We present three stocks and explain whether they offer opportunities or not.

    Read