Close menu




August 18th, 2021 | 11:37 CEST

Nel ASA, Enapter, Nordex - Highly acclaimed and deeply fallen

  • Hydrogen
Photo credits: pixabay.com

The euphoria around renewable energy shares was huge last year. Companies from the hydrogen, wind energy or electromobility sectors were able to multiply and reached valuations that they would never justify in the next few years. This run was fueled by billion-dollar programs to promote the energy turnaround by politicians. A market shakeout has been underway for months. Which stocks are now promising and which have further correction potential?

time to read: 2 minutes | Author: Stefan Feulner
ISIN: NEL ASA NK-_20 | NO0010081235 , ENAPTER AG INH O.N. | DE000A255G02 , NORDEX SE O.N. | DE000A0D6554

Table of contents:


    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.

    Precarious situation

    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.

    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

    Stefan Feulner

    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.

    About the author



    Related comments:

    Commented by André Will-Laudien on November 29th, 2022 | 11:10 CET

    Hydrogen from Qatar: Nel, Plug Power, dynaCERT and ThyssenKrupp, winners in H2 fever!

    • Hydrogen
    • greenhydrogen
    • GreenTech

    "The accelerated expansion of hydrogen supply chains is central to the transition to sustainable energy." Economics Minister Habeck welcomed the planned cooperation between German companies and Emirati producers of hydrogen. For this purpose, there is a new research cooperation between the Fraunhofer Institute and the Ministry of Energy of the United Arab Emirates. Of particular interest to Germany is the production, storage and delivery of green hydrogen to the EU. Whether the FIFA World Cup will help to deepen industrial relations in this field is not certain. But what is important is that hydrogen technology is finally gaining momentum worldwide. We take a look at the protagonists in the round-up for important investments.

    Read

    Commented by Fabian Lorenz on November 23rd, 2022 | 11:43 CET

    China causes a bang in Qatar: Opportunity for Nel ASA, Plug Power, First Hydrogen, ITM Power

    • Hydrogen
    • greenhydrogen

    Germany wanted to secure liquefied natural gas (LNG) from Qatar to reduce its dependence on Russia. But now China is digging in and securing LNG supplies from the emirate for the next 27 years. During this time, 108 million tons are to be supplied. Germany only wanted to commit for 5 years. While this does not necessarily take the German government's deal off the table, it does show that gas supplies will continue to be anything but secure or cheap in the future. And it shows how vital hydrogen will be in the future and that policymakers must push for its promotion because hydrogen from renewable energies can at least partially replace natural gas. Companies like Nel ASA, Plug Power and First Hydrogen can benefit from this. In 2022, however, only First Hydrogen was convincing.

    Read

    Commented by Armin Schulz on November 21st, 2022 | 14:22 CET

    BYD, dynaCERT, Plug Power - Sustainable shares for the portfolio

    • Hydrogen
    • greenhydrogen
    • Electromobility

    The end of fossil fuels is inevitable. The only question is how quickly we can make the transition. And the answer to that question will determine the extent of the impact of climate change. Last year alone, more than USD 6 billion was pledged to phase out fossil fuels. And this trend will only intensify. The Paris Agreement, signed by nearly 200 countries in 2016, set a goal of limiting global warming to below 2°C. Vehicles with internal combustion engines are major emitters of emissions. If we succeed in reducing CO2 emissions here, we will be closer to achieving the targets. Today we take a look at three companies that are helping to make mobility more environmentally friendly.

    Read