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April 11th, 2022 | 18:58 CEST

New hydrogen fantasy: NEL, First Hydrogen, Amazon

  • Hydrogen
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Electromobility is on the rise. In terms of new registrations, Germany's share of pure electric cars was 6.7% last year. Rising fuel prices are likely to help accelerate growth even further. But hydrogen is not out of the race yet, either. Fuel cells, especially for larger vehicles, such as trucks or delivery vans, could be an alternative - fast refueling and independence from charging structures are arguments in their favor. We present three stocks that have hydrogen fantasy.

time to read: 3 minutes | Author: Nico Popp
ISIN: NEL ASA NK-_20 | NO0010081235 , First Hydrogen Corp. | CA32057N1042 , AMAZON.COM INC. DL-_01 | US0231351067

Table of contents:

    NEL: More and more are getting involved in the core business

    The Norwegian Company NEL is something of a full-service hydrogen supplier: NEL offers everything to do with the production, storage and transport of hydrogen. However, reading through the new orders, it is noticeable that the order volumes are relatively small for such a promising company. With the outbreak of the Ukraine war and the associated high energy costs, NEL's share price also shifted into forward gear again. But the euphoria has faded. It is all the more tragic that the share has not succeeded in breaking free from a chart perspective either: the March high was below the November high, and the share thus remains in a downward trend. On a one-year view, the share is down a sobering 34%. But how is the Company really doing?

    Although NEL has a good market position in many areas related to hydrogen, the competition is growing. Siemens Energy, for example, recently announced its intention to build a new factory for electrolyzers in the Berlin area, which is scheduled to start production as early as 2023. The decision is also seen in industry circles as a frontal attack on the new fully automated electrolyzer plant in Heroya, Norway. Even though an emerging hydrogen market should leave room for both factories, Siemens Energy's move is a statement. Hydrogen is no longer a project for young companies but has long since arrived in large-scale industry. Although sometimes a bit sluggish, it can pick up speed quickly once the necessary critical momentum is reached. NEL has competition. That is not good news for the Norwegians, but it is all the more good news for the hydrogen economy.

    First Hydrogen with relative strength: The summer will be hot

    When more and more large companies seek new business around hydrogen, it shows that the technology promises success. First Hydrogen is hoping for the same success. Together with partners such as Ballard Power Systems and AVL Powertrain, the Company is developing a hydrogen-powered van. This van is to be ready for initial testing as early as June and could then convince customers. First Hydrogen has set itself the task of using the best components to put a vehicle on the road that combines the advantages of classic vans with those of innovative drive systems. The Company relies on proven bodies and fuel cells from renowned manufacturers to achieve this. In this way, the young Company wants to win delivery services and logistics companies as customers.

    These companies increasingly have to comply with ESG criteria, i.e. sustainability criteria. First and foremost, this includes CO2 emissions. Those who rely on hydrogen instead of diesel have taken a big step forward - and score points with customers. As a first mover, First Hydrogen intends to live up to its name and respond even more specifically to the requirements of various industries after the first series, which is scheduled to hit the road in September. The Company has already met the demands of shareholders - in a weak market environment, the stock gained a whopping 30% in three months. This relative strength attracts attention and is a reason to take a close look at the stock.

    Amazon facing a new era?

    One of First Hydrogen's potential customers could be Amazon - or any other logistics company. Amazon has long since set up its own logistics service provider. Hydrogen vehicles could be one of the next steps for the innovative Company. Amazon is considered a good mix between eCommerce and technology and has long been a stock of the spirit of the times. However, the fact that these times are changing can be seen in the stock's performance over a one-year horizon - a 5.1% return is a bit meager for Amazon. Even on a three-year horizon, the chart has recently looked relatively flat. The Amazon share is no longer a sure-fire winner.

    Amazon, NEL and First Hydrogen are worlds apart. While the former is the undisputed market leader in many regions of the world, the Norwegian Company NEL is considered the first choice for hydrogen - for now. The competition is already chomping at the bit. First Hydrogen, on the other hand, is positioning itself as a first mover. Delivery trucks with fuel cells could find their niche - a wide range of applications are conceivable. First Hydrogen plans to put the first vehicle on the road as early as this summer. The stock market likes the development of the up-and-coming company.

    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.

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    Der Autor

    Nico Popp

    At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.

    About the author

    Related comments:

    Commented by André Will-Laudien on November 29th, 2023 | 09:50 CET

    DAX on record course, hydrogen sell-off! Plug Power, First Hydrogen, Nel ASA and Daimler Truck on the test bench

    • Hydrogen
    • greenhydrogen
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    The DAX is soaring because most investors expect interest rates to fall. Based on the assumption of slower growth, investors are again focusing on cyclically sensitive stocks at the turn of the year. According to the expectation curves for ECB and FED interest rates, the first downward adjustments are already expected in Q2. The key factors here are the slight fall in inflation and the central banks' desire to cushion the potential downturn. Despite all the euphoria, the desire to buy is currently bypassing the hydrogen sector. Representatives of the sector are the stock market losers of 2023. Is there still a possibility of a quick rebound in 2024? We do the math.


    Commented by Fabian Lorenz on November 24th, 2023 | 13:00 CET

    100% upside potential with hydrogen! Siemens Energy, thyssenkrupp and dynaCERT instead of Nel?

    • Hydrogen
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    Is there about to be a changing of the guard in the hydrogen sector? There are significant doubts that the previous investor favorites, Nel and Plug Power, will get their losses under control. Who could be the new favorites? Siemens Energy and BASF are working on a production plant for CO2-free hydrogen. The partners are now receiving funding from the federal government and the state of Rhineland-Palatinate. dynaCERT is having its technology tested under the toughest conditions. The hydrogen and emissions reduction specialist is equipping a team for the Dakar Classic Rally. Could 2024 bring revenue growth? thyssenkrupp nucera shows that you can also earn money with hydrogen. Analysts see almost 100% share price potential.


    Commented by André Will-Laudien on November 23rd, 2023 | 07:30 CET

    Getting in now? Hydrogen - The analysis: Nel and Plug Power sold off, rebound at dynaCERT!

    • Hydrogen
    • GreenTech
    • greenhydrogen
    • renewableenergies

    It was like a crash. The hype sector hydrogen experienced one of the most significant sell-offs in recent stock market history with a complete reversal to the downside. Parallel to otherwise bullish markets, losses of 70 to 90% were not uncommon. The rationale behind this is understandable and frustrating at the same time: green-oriented governments around the world are trying to accelerate the climate transition but often have the wrong targets in mind due to their lack of expertise. Hydrogen is just a selectively applicable technology and not a solution for global energy supply. Studies show that only the complete, green production of H2 makes any economic sense. Investors have long since seen through the game, and politicians may have to fail before the necessary insight comes. Nevertheless, there are some opportunities for sensible hydrogen applications. We delve into the topic and put current models to the test.