Close menu

August 13th, 2021 | 12:36 CEST

NEL, dynaCERT, FuelCell Energy, Plug Power - Is hydrogen about to explode next?

  • Hydrogen
Photo credits:

Not only is the EU tightening its climate targets, but around the globe, more and more countries are decarbonizing their economies. The subject of hydrogen is providing the rainmaking impetus for discussion. Since the closing of ranks on e-mobility, however, it is no longer the focus of attention. However, according to the World Energy Council (WEC) analysis, at least 20 countries that account for almost half of global economic output have adopted a national hydrogen strategy or are at least close to doing so. Leading the way are Japan, France, South Korea, the Netherlands, Australia, Norway, Spain and Portugal. But Russia, China, Morocco and the USA are also working on their strategies. Australia and China are leading the way, while Europe and the Middle East are already doing a lot. We take a look at the premier league of H2 values.

time to read: 4 minutes | Author: André Will-Laudien
ISIN: NEL ASA NK-_20 | NO0010081235 , DYNACERT INC. | CA26780A1084 , FUELCELL ENERGY DL-_0001 | US35952H6018 , PLUG POWER INC. DL-_01 | US72919P2020

Table of contents:

    Jim Payne, CEO, dynaCERT Inc.
    "[...] 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.

    Full interview


    Nel ASA - Trembling before the figures

    The chattering of teeth can be heard for miles around. Now that Nel ASA has disappointed twice with its figures, investors are cautious about today's announcement. The NEL share has managed to hold its ground in recent days but has lost a full 40% of its value in the last 2 months. Year-to-date, there is already a gap of 18%, so the best entries in the Nel share are already well back into 2020.

    Nevertheless - Nel ASA is one of the market leaders in H2 filling station technology and is considered very well connected and positioned in the hydrogen sector. Through several capital increases, the high share price values could also be used to fill the cash box properly. Thus, today's figures could disappoint again, but the risk-averse investor should take hold if the share price does not fall below its support of EUR 1.20.

    dynaCERT - Little news, but signs of stabilization

    The dynaCERT share has been going down for several months now. Yet, the Canadian H2 device manufacturer can actually develop solutions that provide direct approaches to the climate discussion. dynaCERT is a specialist in on-site CO2 reduction. Logisticians and fleet operators can save up to a fifth of energy by installing an H2 combustion optimizer. Especially for trucks and buses that are in continuous use, dynaCERT is a fast and affordable solution.

    The HydraGEN system, which can be switched on, has already been used in several small Canadian towns such as Woodstock City and is also marketed by the European logistics specialist Mosolf. Direct hydrogen supply optimizes combustion by up to 19% for a manageable price of around CAD 6,000 per system. It is a perfectly justifiable investment considering acquisition costs of over CAD 200-250 thousand for a new tractor unit. With HydraLytica, dynaCERT already has the appropriate telematics software on board to officially measure the CO2 savings and document them for the responsible environmental authority. As a result, the fleet operator receives credits in CO2 certificates, a nice reward for green business.

    The DYA share has not been able to escape the weakness of the entire sector and most recently landed at prices around CAD 0.28. The current market capitalization of around EUR 76 million reflects development costs and cash on hand. Therefore, we do not expect a further decline in the share price at the current level. Conversely, the price could jump sharply if the right news comes along. In any case, founder and CEO Jim Payne is buying diligently.

    FuelCell Energy - Little fodder for euphoric prices

    FuelCell currently reports very little, and the last quarterly figures did not really inspire. The past quarter closed with total sales of USD 14.0 million, compared to USD 18.9 million in the previous year. A decline of 26% does not exactly speak of growth. The stock is thus becoming a broad topic of discussion.

    FuelCell has had a long history of negative cash flows and dilutive capital raises. Now it is focusing on commercializing new technologies such as hydrogen generation and carbon capture. Most recently, the Company raised USD 128.8 million in additional cash in December. There should be a few million left in the coffers here. Now, it needs suitable projects.

    We have had the stock on our radar for a long time; unfortunately, the price has fallen from low to low since February. In chart terms, we are now entering critical support zones below EUR 6. Because below EUR 5 there is the threat of a further crash, above EUR 7.50, the first hope could germinate again.

    Plug Power - The US Senate comes to the rescue

    Plug Power has held up quite well within the sector. Earlier this week, it broke ground on a green hydrogen production plant in Camden Country. The plant is expected to be completed by the end of the year and produce 15 tons of liquid green hydrogen per day. The hydrogen produced will be made entirely from renewable energy.

    The new site joins previously announced green hydrogen plants in South Central Pennsylvania and the Western New York Science, Technology and Advanced Manufacturing Park (STAMP). According to US Department of Energy plans, combined projects are expected to produce more than 500 tons of green hydrogen per day by 2025.

    Plug Power is naturally counting on government help with its investment policy. The fuel cell manufacturer could receive support from the US Senate. After all, bridges and roads in the US are decaying, the water supply is outdated, and the power supply is prone to faults. These problems are to be remedied with more than a trillion dollars, and the focus is also on green technologies.

    For PLUG shares, it is time for operational progress to stabilize the share price. From a chart perspective, the share price has fallen below the USD 27 mark, which could mean trouble ahead. After all, the Company is still capitalized at USD 16.7 billion, which provides a price-to-sales ratio of 33. Even if Plug Power is growing at 50% p.a. - it is (still) not cheap!

    The hydrogen industry is very fragmented in its structure and has been riding a wave of euphoria for a long time. Companies that provide a product solution are analytically at an advantage because they are already generating tangible revenues. However, if you only hang on to government funding, the private sector relevance is missing in the medium term. dynaCERT produces H2 system solutions, is currently cheap, and the management is already buying at low prices.

    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

    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 André Will-Laudien on January 24th, 2022 | 13:53 CET

    NEL, dynaCERT, Plug Power - Hydrogen: First the crash, now the rebound?

    • Hydrogen

    Elon Musk has been considered an absolute star on the stock market since 2021. First PayPal, then Tesla and later SpaceX. He is an ingenious entrepreneur with almost clairvoyant abilities when it comes to future megatrends. Because whatever he touches becomes a hot topic overnight. However, he smiles at the hype surrounding hydrogen. After all, he is one of the loudest critics of this technology. He has repeatedly called it "stupid" to use electricity to produce hydrogen to power a fuel cell, which in turn generates electricity. Fuel cells are "fool cells" in his eyes. So why do H2 values have their relevance on the stock market after all?


    Commented by Nico Popp on January 19th, 2022 | 10:59 CET

    NEL, dynaCERT, Volkswagen: Will the last be first?

    • Hydrogen

    Energy prices are going through the roof. Anyone who has to change their energy supplier these days is in for a surprise. Surcharges of 50% and more for electricity and gas are not uncommon. In this context, questions about the drives of the future are becoming louder again. Although hydrogen also has a high energy requirement, the German Federal Ministry of Economics and Technology promotes green hydrogen as a lower levy under the Renewable Energy Sources Act. Reason enough to take a closer look at some stocks related to hydrogen and mobility.


    Commented by Carsten Mainitz on January 13th, 2022 | 14:13 CET

    dynaCERT, Plug Power, Nikola - Will hydrogen be the comeback of 2022?

    • Hydrogen

    Electromobility is an important building block for reducing CO2 emissions. However, batteries are not efficient enough due to their limited range and long charging times, especially in heavy-duty traffic. The most promising technology is hydrogen. However, after a veritable hype last year, many values experienced an abrupt crash after it became clear that the necessary infrastructure was not yet ready. But in 2022, the course could slowly be set, and hydrogen stocks could make the comeback of the year. We took a closer look at three promising candidates.