Close menu

July 23rd, 2021 | 12:47 CEST

Nel ASA, dynaCERT, Plug Power - Investments in hydrogen increase worldwide

  • Hydrogen
Photo credits:

Sustainability is a trend that is gaining more and more momentum. This can be seen well in the investments announced in the hydrogen sector. In February, members of the Hydrogen Council, which is made up of 109 global companies, wanted to put USD 80 billion into developing hydrogen projects. By July, that sum had increased by USD 70 billion to USD 150 billion. Europe is a frontrunner in hydrogen technology thanks to funding from the EU Commission's Important Projects of Common European Interest (IPCEI). According to McKinsey, it is only a matter of time before hydrogen is traded like all other commodities. Today we highlight three companies in the hydrogen segment.

time to read: 3 minutes | Author: Armin Schulz
ISIN: NEL ASA NK-_20 | NO0010081235 , DYNACERT INC. | CA26780A1084 , PLUG POWER INC. DL-_01 | US72919P2020

Table of contents:

    Nel ASA - Now with 3-fold bottom

    Nel ASA is benefiting from EU funding through the "Fit for 55" program. The initiative is intended to ensure the achievement of climate targets. After the disappointing quarterly figures at the beginning of May, it was quiet around the Company for a long time. Until June 22, when a cooperation with several companies, including Volvo and Hitachi, was announced. The collaboration aims to enable the rolling of steel using hydrogen. Green hydrogen is to be used, i.e. hydrogen obtained from renewable energy sources and is therefore climate-neutral. The project will receive a total of 180 million Swedish kronor (SEK) in funding.

    On June 24, a framework agreement was signed with Howden for the supply of hydrogen compressors. For CEO Løkke, this contract is a strategic partnership. The goal is to bring the cost of green hydrogen down to USD 1.50 per kilogram. A very ambitious plan, considering that you currently pay EUR 9.26 per kilogram at public hydrogen filling stations in Germany. The high price is currently the biggest problem for hydrogen technology.

    The primary trend in hydrogen is underpinned by this news, but the downgrade by JPMorgan sent the stock down almost 6% last Friday. The bank downgraded Nel ASA to "underweight" and lowered its price target from 28 Norwegian kroner (NOK) to NOK 15. Last Monday, the stock retested the double bottom already formed and bounced back from NOK 16.38 to NOK 18.55. If the NOK 18.74 level is exceeded, the share should test the high at NOK 21.45.

    dynaCERT - Growth prospects

    dynaCERT has spent over CAD 70 million in 18 years researching and developing the HydraGEN technology and operates as a cleantech company. The patented process can be installed in all diesel vehicles and promises less fuel consumption (10-15%), longer engine life, and most importantly, up to 88% less toxic gases within the emission. Currently, the Company is working to obtain emission credits that will be shared between the customer and the Company. If this step succeeds, the Company faces a bright future.

    Tesla's profits are based mainly on these carbon credits. For dynaCERT, this revenue stream would be similarly lucrative and would be another selling point for HydraGEN. The Corona Crisis cost the Company a lot of revenue. Management has taken advantage of the time to continue research and development and upgrade the large manufacturing facility in Toronto. CEO Jim Payne anticipates growth as the Corona pandemic slowly recedes.

    On June 21, the collaboration with Galaxy Power was announced. The two companies share a vision to make the world a better place. The hydrogen economy combined with cleantech offers new business opportunities. In addition, there are tax incentives from the government if solutions are found to stop climate change. Due to the pandemic, the share price has come under a lot of pressure. However, the chart technology sends the first positive signals, so the bottom may have been found.

    Plug Power - Green hydrogen project launched

    Plug Power uses hydrogen as a fuel cell solution to power electric motors. To date, over 40,000 vehicles have been delivered with Plug Power solutions. In addition, the Company operates a hydrogen pipeline across North America and owns hydrogen refueling stations. The GenKey concept offers a wide range of solutions to help companies that want to run on hydrogen get started right away.

    Plug Power is trying its hand at green hydrogen for the first time and has partnered with Apex Clean Energy. To generate green hydrogen, renewable energy is needed, and therefore 345 megawatts of wind power have been acquired. When development is complete, the plant is expected to produce 30 tons of green hydrogen per day. The plan is to be able to make at least 1,000 tons of hydrogen daily by 2028.

    Similar to Europe, the hydrogen industry is supported by politicians. In the US, a price target of USD 1 per kilogram of hydrogen has even been issued. To achieve this goal, the Company brought David Mindnich, a former Tesla employee, onboard on July 22. The stock broke out of its downtrend in early June but is still struggling to form new highs. Closing prices above USD 28.46 would significantly brighten the chart picture.

    Although electromobility currently has the edge, the battle between electromobility and the hydrogen drive has not yet been decided. If the price of hydrogen can be reduced significantly, its use will make more and more economic sense. Nel ASA and Plug Power are active in this area. A cleantech approach based on hydrogen is used by dynaCERT and offers the most fantasy in the short term.

    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 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 Fabian Lorenz on March 29th, 2023 | 07:50 CEST

    Nel ASA and Varta continue to decline: dynaCERT convinces analysts during an on-site visit

    • Hydrogen
    • GreenTech
    • Batteries
    • renewableenergies

    Being active in a market of the future is no guarantee for success. Shareholders of Varta had to painfully realize this in recent months. The German battery group has indeed reached an agreement with banks on restructuring. However, there can be no talk of a liberating blow. According to analysts, the share could continue to slide. Experts are also somewhat cautious about Nel ASA. The hydrogen specialist's chart does not look rosy either. In contrast, dynaCERT could be due for a revaluation in the current year. Experts believe the Greentech company has set the course for a commercial breakthrough in 2023.


    Commented by Nico Popp on March 22nd, 2023 | 10:42 CET

    Subsidies beckon, shareholders profit: Volkswagen, NEL, First Hydrogen

    • Hydrogen
    • GreenTech
    • subsidies

    Money from the state comes in handy for many companies. This is especially true when the challenges are great, and the capital requirements are immense. For large industrial companies, subsidies have always been part of the package. Just recently, Volkswagen, for example, picked up money in South Carolina. We explain in which industries there is also something "to be had" for shareholders.


    Commented by Juliane Zielonka on March 17th, 2023 | 19:17 CET

    First Hydrogen, Volkswagen, Daimler Truck - The unstoppable energy transition, who is winning the race?

    • Hydrogen
    • fuelcell
    • Investments

    Canadian fuel cell manufacturer Ballard Power joins First Hydrogen for LCV test drive. The two companies are cooperating to produce the world's first hydrogen-powered vans. According to expert forecasts, the logistics industry will be worth EUR 13.7 billions by 2027. Change at Volkswagen's premium Audi brand is proceeding rather sluggishly. The regulations imposed by the EU are causing problems for CEO Duesmann, who sees it as unrealistic to implement everything that Brussels demands by 2025. Daimler Truck, on the other hand, is looking forward to a major order that will soon get 1.8 million people in the Hamburg metropolitan region moving. The Hamburg-Holstein transport authority signs a major order.