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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:

    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: 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 May 16th, 2024 | 07:00 CEST

    Attention: Here we go! Hydrogen and uranium on the rise: Plug Power, Nel ASA, Kraken Energy and Siemens Energy in focus

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    It has finally happened! After months of sell-offs in hydrogen shares, there was a sigh of relief across the sector the day before yesterday. The reason: industry leader Plug Power received a government guarantee of USD 1.66 billion as backing for the construction of six-megawatt sites nationwide to create an initial hydrogen infrastructure. The Department of Energy (DOE) is thus demonstrating that the US is serious about investing in alternative energies. The decision boosted the entire energy sector, with uranium also continuing its recent upward trend. Where do the opportunities lie for investors?


    Commented by Fabian Lorenz on May 15th, 2024 | 07:00 CEST

    Horror at Plug Power! The cash registers are ringing at TUI and Carbon Done Right Developments!

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    The stock market is sometimes crazy. Plug Power reported a slump in sales and further increasing losses, yet the share price can rise significantly. Is this the turnaround for the hydrogen share? What caused the share price to rise? In contrast, the cash registers are ringing at TUI and Carbon Done Right Developments. The latter is benefiting from milestone payments from oil giant BP for a reforestation project to improve its environmental footprint. And business is also booming at TUI. The tourism group will present its financial results today, and the outlook for the summer season should be positive. Analysts see 50% upside potential.


    Commented by Armin Schulz on May 14th, 2024 | 07:15 CEST

    Nel ASA, dynaCERT, Plug Power - Growth in the hydrogen sector

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    The hydrogen market is currently experiencing an upswing, characterized by an increasing number of large orders and stronger demand for hydrogen technologies. One example of the momentum in this sector is the recent success of Canadian fuel cell manufacturer Ballard Power, which has received the largest order in its history from Polish bus manufacturer Solaris. This order, which includes the delivery of 1,000 fuel cell engines by 2027 to equip hydrogen buses, demonstrates the market's willingness to invest in sustainable and innovative mobility solutions. The German company Enapter increased its order intake in the first quarter by 730% compared to the previous year - reason enough to take a look at other hydrogen companies.