Close menu




July 1st, 2021 | 13:49 CEST

NEL, Plug Power, dynaCERT - Hydrogen, here we go again!

  • Hydrogen
Photo credits: pbs.twimg.com

What momentum! In just 6 weeks, hydrogen stocks have gained up to 60% again. Of course, those who missed the first wave are happy. Maybe it will work out now with the second one. The framework parameters are suitable because both the EU and Joe Biden have agreed on more hydrogen within the climate targets. Germany's significant contribution to climate protection can create applications in these sectors that operate with low emissions using hydrogen. An important focus in developing a German hydrogen economy and strategy should therefore be the commercialization of applications.

time to read: 3 minutes | Author: André Will-Laudien
ISIN: NEL ASA NK-_20 | NO0010081235 , PLUG POWER INC. DL-_01 | US72919P2020 , DYNACERT INC. | CA26780A1084

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 second wave is not running smoothly

    The share of the Norwegian hydrogen specialist Nel shows a strong performance in the middle of the week but had to accept the first 5% decline yesterday. Correction in the uptrend or renewed downward turn? Nel has just overcome an important hurdle at EUR 2, which clearly brightens the chart situation.

    The situation in the hydrogen sector continues to ease, and many of the badly battered stocks are increasingly recovering. The mood among analysts is good again. After an online meeting with Group CEO André Løkke, Canadian bank RBC has left its rating for Nel ASA at "Outperform" with a price target of 27 Norwegian kroner. NEL is among the strongest stocks to bet on green hydrogen, analyst Erwan Kerouredan wrote in a research note issued on Wednesday. Private bank Berenberg left Nel ASA at "buy" with a price target of 30 Norwegian kroner after the US Department of Energy's announcement that it plans to cut green hydrogen production costs by 80% by 2030. Converted to euros, the analysts' new price targets range from EUR 2.50-3.20. At the beginning of January, Nel had run up to EUR 3.40.

    The Nel Hydrogen Electrolyser division has signed a framework agreement with Howden, supplying hydrogen compressors for the electrolyzers. The Norwegians want to reduce the production costs of green hydrogen to USD 1.50 per kilo. The cooperation with Howden is an important step towards achieving this cost target. NEL shares fell below the EUR 2 mark again yesterday. Watch out at the platform edge!

    Plug Power - Much advance praise for future business

    We were also able to witness a rich price recovery at Plug Power. Calculated from below, this was an increase of 60% from EUR 18 to EUR 29. The E-Hydrogen North America Index had its strongest 2 weeks in 2021 and now looks back on a quarterly gain of more than 20% at the end of June. Of course, the stock with the strongest weighting in the index - Plug Power - provided the boost. The US fuel cell manufacturer reported results for the first quarter of 2021 on Tuesday. Overall, Plug Power continued to grow strongly, with revenue increasing 76% to USD 72 million. The main driver remains the sale of fuel cells and related infrastructure at USD 47 million. In this area, sales improved by as much as 129%. However, costs also increased, so the bottom line was a loss of USD 61 million.

    From a chart perspective, the chances are good that the recovery will now continue, but there was a break in the momentum yesterday. At Plug Power, the EUR 30 mark is now in the room; in the medium term, of course, the share needs a good operational background because with a price-to-sales ratio of over 50 based on 2021, a very rosy future is already included in the prices. It will be difficult for Plug Power to surprise positively. We, therefore, advise profit taking at this level.

    dynaCERT - Climate protection on site

    Hydrogen is increasingly seen as a key pillar of decarbonization strategies worldwide. According to the Hydrogen Council, an initiative of around 100 companies worldwide, the hydrogen economy could generate more than USD 2.5 trillion in sales per year. Residents in Canada are experiencing the changing climate firsthand with nearly 50-degree weather in June, one of the hottest months on record. Again, the naiveté of one, Donald Trump, who ridiculed the climate debate during his term in office, is evident.

    Something urgently needs to be done, and action starts in small ways. For big implementations, the new governments in the US and the EU have already sent strong signals. One good place to start is with bus and heavy-vehicle traffic. According to Statista, the number of trucks sold in the USA alone is currently 444,000, and the number of registrations is growing at a constant rate of 5% per year. And this is where decarbonization must take hold!

    dynaCERT has an on-site technology for combustion optimization with hydrogen, especially for heavy-duty diesel vehicles. The switchable system HydraGEN has already been used in several small Canadian towns and is also distributed by the European logistics specialist Mosolf. With the HydraLytica system, dynaCERT also offers the appropriate telematics software to officially measure the CO2 savings and document them for the responsible environmental authority. The fleet operator thus receives credits in the form of CO2 certificates. dynaCERT has signed a cooperation agreement with Galaxy Power to promote innovative hydrogen technologies in Canada.

    Shares are currently trading at around CAD 0.36-0.40. The general correction in the sector had dragged the stock down with it. At some point, however, the end is also in sight here, which is why we now advise initial buybacks.


    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 Armin Schulz on June 1st, 2023 | 08:30 CEST

    Nel ASA, First Hydrogen, Plug Power - Paving the way for hydrogen technology

    • Hydrogen
    • greenhydrogen
    • GreenTech
    • renewableenergies

    Germany has shut down its nuclear power plants, and now the expansion of renewable energies is to be accelerated. But what happens to the surplus electricity when the sun shines all day? In order not to overload the grids, the energy is given away to neighbouring countries. In the future, it will be turned into green hydrogen that can cover the energy needs of industry and the transport sector. On May 25, the Federal Cabinet passed an amendment to the Energy Industry Act that defines the legal framework for a future hydrogen core network in Germany. Hydrogen technology will not only prevail in Germany. We, therefore, take a look at three international hydrogen companies.

    Read

    Commented by Nico Popp on May 30th, 2023 | 08:30 CEST

    Hydrogen drumbeat - where things can move quickly now: Plug Power, NEL, dynaCERT

    • Hydrogen
    • greenhydrogen
    • renewableenergies

    Green hydrogen is becoming a key technology for the industry in the fight against climate change. Wirtschaftswoche reports that by 2030, a whopping 13 million tons of hydrogen will be produced annually in Europe. But the necessary investments are still lacking. In the US, USD 10 billion have already been invested in hydrogen projects, while in Europe, only 7. In order for Europe to reach its goals, it must move faster. But this much already seems certain: companies in the hydrogen sector are facing an exciting phase - we take a closer look at three stocks.

    Read

    Commented by Stefan Feulner on May 30th, 2023 | 08:00 CEST

    Powerful rebound potential - dynaCERT, Manuka Resources, Steinhoff

    • Mining
    • Gold
    • Vanadium
    • Hydrogen

    The default of the world's largest economy seems to have been averted. In the dispute over raising the debt ceiling in the US, Democrats and Republicans reached a compromise; only Congress still has to agree in the middle of the week. This is an advantage for the world's stock markets. The DAX briefly regained the 16,000-point mark. Several small-cap companies were also able to start a countermovement.

    Read