August 18th, 2021 | 11:37 CEST
Nel ASA, Enapter, Nordex - Highly acclaimed and deeply fallen
Table of contents:
"[...] We are committed to stay as the number one Canadian and global leader in the Hydrogen-On-Demand diesel technology [...]" Jim Payne, CEO, dynaCERT Inc.
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
Share with relative strength
Compared to its peer group in the hydrogen segment - Nel ASA, for example, still has a market capitalization of over EUR 2.00 billion even after a 50% correction - Heidelberg-based Enapter AG is still comparatively modestly valued at EUR 620.30 million. Yet the Company, which was recently named a "Technology Pioneer 2021" by the World Economic Forum for its innovative AEM electrolysis technology, has enormous imagination. This is thanks to the Enapter campus's construction in Saerbeck, North Rhine-Westphalia, and the start of the mass production plant, which is scheduled for completion at the end of 2022.
Only recently, supported by politics, Enapter Immobilien GmbH, a wholly-owned subsidiary of Enapter AG, received a notice for a non-repayable grant amounting to EUR 7.16 million from KFW - the production of green hydrogen "Made in Germany" is to be pushed further. Green hydrogen is seen as the missing piece of the puzzle for the energy transition. Currently, the prices for production and logistics are still too high. The vision of the CEO, Sebastian-Justus Schmidt, is to make green hydrogen significantly cheaper compared to diesel with the help of the AEM electrolysis technology.
The analysts at First Berlin Equity Research confirmed their buy rating and raised the price target from EUR 26.00 to EUR 34.00 following the announcement of the figures for the first half of the year. For the experts, the decisive factors for the significant increase in estimates were important progress in the areas of electrolyzer production, planning of the mass production facility, personnel recruitment, sales expansion, acquisition of subsidies and equity capital procurement.
It is coming thick and fast
Shortly before the quarterly figures, expected on August 19, things are coming to a head for the Norwegian hydrogen specialist Nel ASA. Falling below the critical support at EUR 1.35, there was a further sell-off with a high volume to EUR 1.29. The next target is the support area at EUR 1.18. Should weaker-than-expected figures hit the ticker on Thursday, the worst-case scenario could even see a drop below the critical EUR 1.00 mark. A year ago, not even the biggest pessimist would have expected that Nel ASA could once again mutate into a penny stock.
Despite positive analyst opinions, the downward slide of the Nordex share continues. The analyst firm Jefferies continues to recommend the stock as a buy and assigned a price target of EUR 25. The figures turned out well. However, the price pressure in the wind energy sector is pointed out, which is why the estimate for the profitability of the Hamburg company was lowered. The slide below the EUR 15.31 mark marked a new low for the year. The share price is quoted at EUR 14.90, a small support at EUR 14.74 could stop the slide back to the EUR 14 area, but an entry at the current level seems extremely risky.
There is no question that the future belongs to renewable energies. Decarbonization is further promoted by political support programs and the switch from fossil energy sources to renewable systems. Enapter is the market leader in the promising AEM electrolysis technology, through which green hydrogen can be produced cost-effectively in the coming years. In contrast, the former high flyers Nel ASA and Nordex currently require caution from a technical point of view.
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.
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.