Close menu




February 24th, 2026 | 07:30 CET

New German hydrogen gem! Will A.H.T. Syngas eclipse the old favorites Plug Power and Nel ASA?

  • renewableenergy
  • Gas
  • syngas
  • Technology
  • Hydrogen
  • Fuelcells
  • greenhydrogen
Photo credits: pixabay.com

Is it time for a changing of the guard in the hydrogen sector? The old favorites Plug Power and Nel ASA have been falling short of expectations for years. Yet the benefits of hydrogen in the energy mix of the future are undisputed. A.H.T. Syngas is on its way to becoming the new hydrogen gem. The company produces synthetic natural gas substitutes from biogenic residues and, in the future, hydrogen as well. A.H.T. Syngas has recently achieved an important breakthrough. In addition, it is in the process of transforming itself from a pure plant manufacturer to an energy producer. The revaluation has begun, but is far from complete. Analysts see considerable upside potential.

time to read: 3 minutes | Author: Fabian Lorenz
ISIN: A.H.T. SYNGAS TECH. EO 1 | NL0010872388 , PLUG POWER INC. DL-_01 | US72919P2020 , NEL ASA NK-_20 | NO0010081235

Table of contents:


    Environmentally friendly energy from biogenic residues

    Will Germany run out of natural gas this winter? That is unlikely to happen, but there are frequent reports of storage facilities being almost empty. Alternatives to imports from abroad are therefore more important than ever. This is exactly what A.H.T. Syngas offers. Based in Bonn and Overath, the company has developed a regional and environmentally friendly alternative to natural gas. Synthetic natural gas substitutes for the production of electricity and heat are made from biogenic residues such as manure or sewage sludge. A.H.T. is currently supporting projects in Poland, Austria, and Germany. The company is currently undergoing an exciting transformation from a pure plant manufacturer to an operator.
    By extending the value chain in this way, A.H.T. aims to generate recurring revenues and higher returns.

    Green hydrogen without electrolysis

    And with its decentralized, climate-friendly biomass power plants, A.H.T. plans to replace not only natural gas, but also hydrogen. To this end, the publicly funded BiDroGen joint project was recently completed. The project contributes to solving a key challenge of the energy transition: the economical, decentralized production of climate-neutral hydrogen from sustainably available biogenic residues.

    While companies such as Nel and thyssenkrupp nucera focus on electrolysis, the use of biogenic residues promoted by A.H.T. appears much more logical. This is because manure, sewage sludge, wood residues, and the like are frequently available in large quantities on a regional basis - in Germany and in so many other countries.

    Within the project, A.H.T. implemented the processing of wood synthesis gas using a newly developed water gas shift technology. This converts waste wood into high-purity hydrogen suitable for fuel cells. Container-sized power plants are to be developed to ensure good transportability and scalability.

    Overall, A.H.T. believes it is on the right track and has already formulated the next steps. The aim is to further improve hydrogen purity and experiment with additional feedstocks. Commercialization is the clear goal.

    Note: Those interested in learning more about A.H.T. and this exciting new technology should register for the International Investment Forum ii-forum.com taking place tomorrow, February 25, 2026. CEO Gero Ferges will be presenting live.

    Huge market potential and competitive prices

    The market potential for natural gas replacement solutions and green hydrogen is huge. Experts at MarketResearchFuture.com expect the syngas market in Europe to almost double to around USD 33.4 billion by 2035. Demand for hydrogen is also rising. By 2050, annual consumption in Germany alone is expected to rise to between 360 and 500 TWh. Major consumers include energy-intensive industries such as the chemical industry and the transport sector. A.H.T. expects future production costs to be between EUR 4.40 and EUR 7.98 per kilogram of hydrogen. The aim is to offer more attractive prices than those offered for electrolysis-based renewable hydrogen. This does not yet take into account the income from CO2 removal certificates.

    Analysts recommend buying

    The revaluation of A.H.T. shares has begun. After a rally of around 80% in the current year, the company's market capitalization still stands at below EUR 11 million. In view of its market position, this does not appear expensive. GBC Research shares this assessment. The analysts expect A.H.T. to generate revenue of EUR 9.24 million in the current year. By 2027, this figure is expected to reach EUR 18.79 million, before breaking the EUR 20 million mark in 2028. The experts forecast a net profit of EUR 1.36 million or EUR 0.51 per share for 2028. Based on these projections, the analysts recommend A.H.T. stock as a "Buy" with a target price of EUR 8.50. The shares are currently trading at EUR 4.28.

    Register for free to participate in the virtual International Investment Forum!

    There is much to suggest that A.H.T.'s share price will continue to rise. The stock market is only just beginning to discover the story.
    The latest company announcements have been very promising, and the potential is undeniably huge. GBC's price target alone represents an increase of almost 100%.

    The share price has consolidated and could now rebound. Source: LSEG

    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 hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Fabian Lorenz

    For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

    About the author



    Related comments:

    Commented by Mario Hose on February 24th, 2026 | 08:05 CET

    Frequentis, Parrot, and Volatus Aerospace under the microscope: A hidden gem from Canada is reshuffling the deck

    • Defense
    • Drones
    • aerospace
    • Technology

    Drones have long been more than just a technological trend - they have become a geopolitical factor, and the stock market is reacting accordingly. While Austrian security specialist Frequentis, valued at billions, is already firmly in the sights of institutional investors, French micro-drone pioneer Parrot and Canadian full-service provider Volatus Aerospace are engaged in an exciting race for investor favor. Volatus, previously little known in Germany, has transformed itself from a restructuring case to a growth star in a remarkably short time with government backing, a promising NATO contract, and inclusion in the prestigious "TSX Venture 50" list. Parrot has apparently reached the break-even point, but is leaving investors in the dark until the end of March. Those who make the right choice now could benefit from one of the most exciting investment themes of the decade – but the differences between the three candidates are greater than they appear at first glance.

    Read

    Commented by Fabian Lorenz on February 24th, 2026 | 07:20 CET

    International Expansion as a Catalyst? RENK, CHAR Technologies, and SFC Energy enter new markets

    • cleantech
    • renewableenergy
    • Energy
    • biochar
    • Defense

    CHAR Technologies is likely to achieve a breakthrough this year, both operationally and on the stock market. The company is now bringing its HTP technology for the production of biogas and biochar to Europe. Licensing reduces risks and conserves capital. The first industrial plant has already gone into operation in Canada. Its expansion is being planned, as are further plants in North America. RENK is also gaining momentum in the US. Analysts recently speculated that US business could surprise on the upside from 2028 onwards. New orders are already confirming this. And what about SFC Energy? Following the forecast adjustment last summer, the share is looking for new momentum. This may come from internationalization. However, analysts are not yet convinced.

    Read

    Commented by Stefan Feulner on February 24th, 2026 | 07:05 CET

    Rheinmetall, First Hydrogen, BYD – Innovations put pressure on the competition

    • Hydrogen
    • cleantech
    • greenhydrogen
    • Electromobility
    • Defense
    • Batteries

    Record military spending, major orders worth billions, and structural rearmament are set to drive the European defense industry for years to come. At the same time, global energy demand is exploding. Modular nuclear reactors and green hydrogen are coming into focus as low-CO₂ base load solutions. And in the field of electromobility, Asian battery manufacturers are massively expanding their cost advantage. As a result, cell prices are falling, ranges are increasing, and Western competitors are coming under pressure. Three future-oriented industries – defense, clean energy, and battery technology – are facing a new wave of investment, but some of the first warning signs are appearing in the charts.

    Read