Nel ASA Out of Hope? RWE Partner ITM Power Down 50%! dynaCERT Flying Under the Radar?

dynaCERT: Stock Poised for a Year-End Rally?

High diesel prices worldwide should boost dynaCERT. After all, the more expensive it becomes for logistics companies, and likely for any operator of large diesel engines, the more attractive dynaCERT's HydraGEN™ technology becomes, as it is designed to reduce fuel consumption and emissions. Looking at the share price, market expectations currently appear to be low. However, the German management team is fully focused on sales and is reporting increasing success. If rising revenues are added to the mix by year-end, the stock could really take off. GBC Research analysts see the dynaCERT stock rallying to EUR 0.48. The shares are currently trading at EUR 0.057.

The latest success stories come from France. The local partner, IPMD, is overseeing ongoing pilot projects and received a follow-up order from an existing customer in September. Management views the repeat order as an indication that there is continued customer interest following the initial deployment.

At the "24 Heures Camions" event in Le Mans, dynaCERT and IPMD presented their offerings together with NRS Racing and other partners. Among the highlights was a Dakar race truck equipped with HydraGEN™, which, according to the company, generated significant interest. Product demonstrations and discussions with professional drivers and fleet operators were designed to illustrate the technology's practical applications in everyday use. At the same time, IPMD used the event to gather feedback from potential users.

To further expand its market reach, IPMD is targeting customers in freight and passenger transport, as well as in port operations, industry, and mining. The distribution partner is focusing on providing close support to existing users and gradually acquiring new customers. dynaCERT supports these activities with the goal of expanding its presence beyond France into other French-speaking markets.

https://youtu.be/hVNR4Ch5p0c?si=f8t7n0rdKTzH0qMJ

ITM Power: What Is Next After a 50% Drop?

ITM Power has sharply corrected in recent months. While the stock traded at EUR 2.50 in May, it now stands at just EUR 1.12. However, its year-to-date performance still stands at 53%.

While investors await further news on the partnership with Rheinmetall, the British company has reported the first deliveries of green hydrogen from RWE's electrolysis plant in Lingen. As part of the ongoing commissioning process, hydrogen was produced and transported via a pipeline approximately 120 km long to Evonik's chemical park in Marl. The GET H2 Nukleus project integrates production with transportation and industrial use. According to the company, it is one of the first hydrogen value chains in Europe to be operational.

ITM Power and Linde Engineering are supplying two plants for the site, each with a capacity of 100 megawatts. ITM CEO Dennis Schulz sees the first deliveries as proof that PEM electrolysis technology also works on a large-scale industrial level. The next step is to keep ramping up the plant until it reaches full commercial operation, with a total capacity of 200 megawatts.

Nel ASA: No Hope for the Stock?

And what about Nel ASA, the former investor favorite? The stock is languishing at EUR 0.19. In May, it briefly exceeded EUR 0.30. But the euphoria quickly faded.

Most recently, the share price showed no reaction to a follow-up order from the US. According to the announcement, Nel, through its US subsidiary Nel Hydrogen US, has received another order from Collins Aerospace worth approximately USD 12 million. The order includes PEM electrolysis stacks that supply oxygen to life support systems aboard US Navy submarines. The components will be manufactured at the Wallingford facility in Connecticut. Deliveries are scheduled throughout 2027 and 2028. With this latest order, both companies are continuing a long-standing partnership. Nel has been supplying technology for this specialized application for many years.

For Nel, this follow-on order demonstrates the growing importance of its technology in the defense sector. Under the demanding operating conditions on submarines, the systems must function reliably over long periods, as the oxygen supply is vital for the crew. Nel's Head of Sales, Todd Cartwright, therefore views the renewed order as confirmation of PEM technology's performance and the company's manufacturing expertize. The order also underscores that Nel's electrolysis technology is used not only to produce green hydrogen but also to supply oxygen for safety-critical applications. However, this failed to impress shareholders.

Nel will likely need additional major orders for a sustainable share price recovery. But even these will likely not be enough. Investors are waiting for proof that the company can fulfill its orders profitably. Until that is proven, positive news alone is unlikely to trigger a lasting turnaround.

At dynaCERT, the chances of a year-end rally are quite good. With its fuel-saving, emissions-reducing technology, the company is benefiting from high diesel prices. In addition, the German management is celebrating sales successes. If these translate into revenue in the coming months, the stock should hold plenty of upside potential. Nel ASA, on the other hand, has run out of steam. Confidence in a viable business model has been severely shaken. Buying the stock is not compelling right now. ITM Power must follow up on its partnership with Rheinmetall and report progress.