Close menu




November 25th, 2021 | 12:58 CET

Nel ASA, Enapter, Plug Power, ThyssenKrupp - Hydrogen now or never!

  • Hydrogen
Photo credits: pixabay.com

It sounds crazy, yet we have arrived at the times when billionaires ask social platforms if they can flog a part of their shares to flush some money into the empty state coffers. In an age of powerful wealth shifts in favor of stock owners, this is perhaps legitimate, or nice, as it is sometimes referred to in the press. But appearances are deceptive. Behind a generally formulated question about whether one should sell shares lies the precise calculation of shifting blame if the announced sale causes a significant price loss. What then happens is a self-fulfilling prophecy with one small difference: the intention to sell was previously legitimized, so to speak, by public vote.

time to read: 5 minutes | Author: André Will-Laudien
ISIN: NEL ASA NK-_20 | NO0010081235 , ENAPTER AG INH O.N. | DE000A255G02 , PLUG POWER INC. DL-_01 | US72919P2020 , THYSSENKRUPP AG O.N. | DE0007500001

Table of contents:


    Dirk Graszt, CEO, Clean Logistics SE
    "[...] We can convert buses and trucks to be completely climate neutral. In doing so, we take a modular and incremental approach. That means we can work with all current vehicle types and respond to new technology and innovation [...]" Dirk Graszt, CEO, Clean Logistics SE

    Full interview

     

    Nel ASA - The next opportunity is missed

    Nel ASA had recently set out to leave the EUR 2 mark behind. This project failed in the short term because the price bounced off technically a few days ago and landed today again on the support line at EUR 1.70, the high from January at EUR 3.40 is moving back into the distance.

    The experts at Liberum Capital were unimpressed by the chart in a study published yesterday. In addition to ITM Power and McPhy, the investment bank recommends the Norwegian hydrogen specialist Nel as a buy. The analyst in charge, Adam Collins, assumes that hydrogen orders will pick up again in 2022. In the study, one can also read that the expected supply and demand volumes will be close to each other until 2030. However, total capacity excluding China is only about half of what would be needed to meet national hydrogen targets, according to Liberum Capital. The target price for the "buy" vote is NOK 23.10 - the equivalent of EUR 2.30, representing a potential upside of 35%.

    We can imagine a similar dynamic when the H2 train starts moving again. However, before the technical upward movement at Nel begins again, the resistance at EUR 1.85 would have to be overcome. Wait and see and stop stocks at EUR 1.60!

    Enapter AG - German engineers go full steam ahead

    Hydrogen is receiving renewed attention with every facet of the current climate protection discussion, even if a few more years of development are likely to be needed for tangible industrial mass solutions. But the start has been made because green hydrogen is seen as the missing piece of the puzzle for achieving the targeted climate goals.

    Enapter AG, based in Saerbeck in North Rhine-Westphalia, is one of the few conspicuous figures in the H2 segment in Germany. The Company stands for measures for rapid CO2 reduction, and the growing global energy demand thus clearly plays into its growth targets. The Company is currently the technology leader in innovative Anion Exchange Membrane (AEM) electrolysis, efficiently producing green hydrogen. The technology enables the construction of cost-effective and standardized electrolyzers and stacks. These can be scaled up to larger units according to modularity principles.

    In the long term, Enapter has its sights set on all fossil combustion processes. Currently, Enapter technology has already been installed in 20 countries around the world, and the systems are currently securing local power supplies or being installed on a trial basis in modern vehicles and even aircraft. In terms of water use, the technology also makes do with the less purified base material for the AEM electrolyzer. That is especially important for countries that have a natural deficit of freshwater.

    The revenue projection for this year of EUR 9 million is not yet a benchmark, as it will already be EUR 44.8 million in 2022, according to research by First Berlin, with still slightly negative operating results. Enapter received the prestigious Earthshot award in the "Fix our Climate" category, with prize money of GBP 1 million. A huge motivation for the whole team around CEO Sebastian-Justus Schmidt. The share is running in tight circles between EUR 22 and 27. Technically, the way up is clear if the EUR 30 mark falls.

    Plug Power - Equipped with a lot of tailwind on the way up

    The Plug Power rocket has ignited again! The CEO recently stepped up to the microphone and wants to make hydrogen solutions "socially acceptable". Convinced of its strength, Plug Power intends to secure a big piece of the coming growth market.

    Looking at the industry from a bird's eye view, one notices that Plug Power is currently delivering consistently. This involves ambitious production targets for the troublesome US infrastructure and major European projects with Renault and Acciona. The European headquarters is currently being built in North Rhine-Westphalia, and the start-up in Asia with the SK Group was just 4 weeks ago. In addition to the deepened partnerships with Phillips 66 and Airbus, the go-ahead was given for a 2 GW electrolyzer plant in a JV with Fortescue in Australia. And yesterday, a 100 MW electrolyzer plant for the production of green ammonia was ordered from Egypt. This order could be Plug Power's breakthrough in the Middle East, where Abu Dhabi, Dubai and Saudi Arabia are racing to be the "biggest producer" of green hydrogen.

    With USD 24 billion in market capitalization, the P/S ratio is currently a hefty 35, and analysts say a measurable P/E ratio is still a long way off until after 2024! A stock for strong nerves.

    ThyssenKrupp - The "green transformation" is within reach

    The industrial and steel Group ThyssenKrupp has probably bottomed out and closed the past fiscal year, significantly improving sales and earnings. However, major challenges remained, mainly due to the persistent semiconductor shortage and the restrictions imposed by the pandemic. Management is now focusing on the so-called "green transformation" of the Group.

    This view is reflected in approaches to retread steel production, which is also fueling hopes in Berlin that it will make a significant contribution to reducing climate-damaging emissions. Politicians would rejoice because, on the one hand, important parts of German industry would remain competitive and, on the other, the government can only achieve its climate targets through technology. The plans, therefore, meet with broad approval.

    When it comes to renewable energy generation, electromobility or climate-neutral hydrogen, the Duisburg-based Company has already taken several steps and describes itself as "very well positioned." ThyssenKrupp is now the world market leader in slewing bearings, which are used in wind turbines, among other things. It also plays an important role in hydrogen. With technologies for water electrolysis and the production of "green" chemicals, ThyssenKrupp has a good competitive position. Despite sales by major investor Cevian, breaking the EUR 10 mark should now provide a sound basis for further share price increases.


    The hydrogen stocks are entering the next round. The technology is now advancing strongly, and the alliance with politicians has been concluded. If subsidies were to flow now, the right impetus would be given. Enapter is well on the way to becoming the German H2 powerhouse.


    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

    André Will-Laudien

    Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

    About the author



    Related comments:

    Commented by Juliane Zielonka on May 26th, 2023 | 08:30 CEST

    FREYR Battery, dynaCERT, BYD - Speed beats engineering and bureaucracy

    • Hydrogen
    • greenhydrogen
    • Electromobility
    • Batteries

    The hunt is on for high-performance powertrains! Industry-experienced Canadian hydrogen technology company dynaCERT shines with a new collaboration with Cipher Neutron. Together they are creating an electrolyzer cell that will produce 28 times more hydrogen gas than conventional cells. FREYR Battery is also making progress with its battery gigafactories, but soon on the other side of the Atlantic due to tax advantages, as the domestic government in Norway seems too slow. Progress could be faster at Volkswagen. What good is German engineering when rival BYD is not only selling cars at a breathtaking speed but also securing battery production in China for the Company's own growth? We provide an overview.

    Read

    Commented by André Will-Laudien on May 23rd, 2023 | 08:00 CEST

    DAX on a record chase, and hydrogen is making a comeback! VW, Daimler Truck, First Hydrogen, Traton. Who can convince?

    • Hydrogen
    • fuelcell
    • Electromobility

    The EU wants to invest about EUR 25 billion in hydrogen over the next 10 years. To this end, the Commission has drafted the concept of a "Hydrogen Accelerator" to promote the use of renewable hydrogen. The "REPowerEU plan" launched for this purpose aims to produce 10 million tons of renewable hydrogen within the EU by 2030 and to import a further 10 million tons. It is hoped that this will provide an important building block for saving the climate. The private sector is also involved. We take a look at some of the key players.

    Read

    Commented by Fabian Lorenz on May 17th, 2023 | 07:55 CEST

    Movement in the hydrogen sector: What are Nel ASA, ThyssenKrupp and dynaCERT doing?

    • Hydrogen
    • greenhydrogen
    • renewableenergies

    There never seems to be a dull moment in the hydrogen sector. After the horror figures and the announced capital measure at Plug Power, Stellantis' investment in Symbio is a positive signal for the sector. French Symbio is focused on zero-emission hydrogen mobility and was previously owned by the Forvia Group and tyre manufacturer Michelin. Now Stellantis, the third largest car manufacturer in the world with brands like Peugeot, Opel and Fiat, has acquired a 33.3% stake. According to Stellantis, hydrogen fuel cells are necessary to achieve climate protection goals. dynaCERT also wants to contribute to this. Perhaps a big partner will soon join the Canadians? And what is the hydrogen pioneer Nel ASA doing with its partner General Motors? ThyssenKrupp is making its subsidiary look good for the hydrogen IPO.

    Read