Close menu




April 28th, 2022 | 10:58 CEST

Plug Power, Altech Advanced Materials, Nel ASA - Ambitious valuations

  • renewableenergies
  • Lithium
Photo credits: plugpower.com

There is everything to be said for the transformation from fossil fuels to renewable energy. Now that the Western world has broken away from the Russian aggressor, the expansion of "freedom energies" is to proceed even faster. Baerbock, Habeck and Co. have already announced the withdrawal from dependence on the Eastern European neighbor. It should now be exciting to see how implementation works in the near future. The listed companies in the respective sectors, such as fuel cells, hydrogen and photovoltaics, have already built up horrendous valuations despite a correction that has been ongoing for months. Thus, caution is advised for some shares against a further slide.

time to read: 4 minutes | Author: Stefan Feulner
ISIN: ALTECH ADV.MAT. NA O.N. | DE000A2LQUJ6 , NEL ASA NK-_20 | NO0010081235 , PLUG POWER INC. DL-_01 | US72919P2020

Table of contents:


    Plug Power - Order from Hungary

    The fuel cell technology pioneer is building a comprehensive green hydrogen ecosystem, from production to storage and delivery to power generation, to help its customers achieve their business goals and decarbonize the economy. Creating the first commercially viable market for hydrogen fuel cell technology, the Company has installed more than 50,000 fuel cell systems and over 165 refueling stations, more than any other supplier globally. It is also the largest purchaser of liquid hydrogen. In order to complete its value chain, the US company plans to build and operate a green hydrogen highway across North America and Europe. It also plans to build a gigafactory to manufacture electrolyzers, fuel cells, and several green hydrogen production facilities that will produce 500t of liquid green hydrogen per day by 2025. The sales target for 2023 will then be USD 3 billion, with a gross margin of 30% and an operating profit of at least 17%.

    Above all, the new segments, which currently do not contribute any significant revenues, are expected to climb to become the primary revenue drivers, according to CEO Andy Marsh. While "Material Handling" will generate almost 90% of the Company's revenue of around 500 million in 2021, this segment is expected to rise to approximately USD 1 billion by 2025 as the Company builds up new customer groups. The "New Markets" area, where the Company plans to generate just USD 10 million in revenue in 2021, is budgeted to generate USD 0.5 billion in revenue by 2025. The "Green Hydrogen Market" segment, on the other hand, is expected to explode, bringing in half of the total revenue of an estimated USD 1.5 billion.

    Plug Power has now received an order from the Hungarian oil and natural gas company MOL to supply an electrolysis unit with a capacity of ten megawatts for the Danube refinery in Százhalombatta. In total, this will enable 1,600t of hydrogen to be produced per year. The start-up is planned for next year.

    Despite another order alongside Walmart, Plug Power has significant potential for a setback, as reported in an Update.

    Altech Advanced Materials - Study shows clear potential

    With a stock market value of EUR 6.21 million, the Heidelberg-based Company's shares are still at the beginning of their development, unlike Plug Power. Also, on the entrepreneurial side, no comparison can yet be made with the market leader in fuel cell technology. However, the recently prepared economic feasibility study showed the clear potential for Altech's Silumina AnodesTM battery material. Altech uses an anode coating with high-purity aluminum oxide (HPA) and an enrichment of silicon. As a result, battery performance can be increased by more than 15%, and service life can be extended by as much as 30%. The Company is currently conducting research into increasing the proportion of silicon on the anode, which would result in performance increases of between 50% and 100%.

    Construction of the production plant in the Schwarze Pumpe industrial park in the municipality of Spreewald in Saxony is currently in the planning stage. In the future, around 10,000 tons of anode composite material are to be produced there annually at full capacity. Annual sales at full capacity would then be EUR 153 million, with EBITDA estimated at EUR 52 million, corresponding to an EBITDA margin of around 34% based on the available calculations.

    "Our research and development results to date, together with the pre-feasibility study results, demonstrate the enormous technological and economic potential of our novel anode composite material and the targeted production in Schwarze Pumpe. We are convinced that this is a breakthrough technology for the future of lithium-ion batteries and can give an enormous boost to European battery technology. Silumina AnodesTM has the potential to be a game-changer in battery performance," says Uwe Ahrens, CTO of Altech Advanced Materials.

    Indeed, Altech could revolutionize the battery market in the future with its innovative technology. Nevertheless, it must be kept in mind that the Company is still in the early stages of development, making it suitable for speculative investors. Since the announcement, the share price has risen from EUR 1.00 to EUR 1.35; the previous all-time high was EUR 3.60.

    Goldman loves Nel ASA

    US investment bank Goldman Sachs kept Nel ASA at "buy" with a price target of NOK 22, equivalent to EUR 2.23, ahead of the Company's upcoming first-quarter figures. Seasonally lower total revenues and other income quarter-on-quarter, as well as continued pressure on gross margins, had a negative impact. On the other hand, positive change in the fair value of financial instruments supported Nel's reported results, analyst Zoe Clarke said.

    It was also reported that the Norwegian company, through its subsidiary Nel Hydrogen Fueling, received two orders for H2StationT refueling systems from a European customer for a total volume of EUR 3 million. Similar to Plug Power, the chart picture is battered. Accordingly, the next support area is at EUR 1.30.


    Renewable energies and the shift from fossil fuels to alternative energy sources are the future. Altech Advanced Materials could succeed in revolutionizing battery materials. Plug Power and Nel ASA are currently facing difficulties from a technical perspective.


    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

    Stefan Feulner

    The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
    He is passionate about analyzing a wide variety of business models and investigating new trends.

    About the author



    Related comments:

    Commented by Armin Schulz on May 2nd, 2022 | 10:27 CEST

    Standard Lithium, Power Nickel, Varta - Shares for the e-mobility of the future

    • Electromobility
    • Lithium
    • Nickel

    Decarbonization is a done deal among the major industrialized nations. Fossil fuels are to be used less and less, thus reducing emissions. The climate targets can only be achieved through a show of strength. The revolution began in early 2021 when the major car companies said goodbye to internal combustion engines. The future belongs to electric vehicles, which rely on batteries or rechargeable batteries. Since then, the prices for lithium, nickel and the like have skyrocketed. Smaller companies that want to take advantage of the imbalance in supply and demand also benefit from this. Today, we take a look at three companies that could be important for the mobility of the future.

    Read

    Commented by André Will-Laudien on April 29th, 2022 | 12:20 CEST

    BASF, Standard Lithium, Almonty Industries, BYD - Industrial shares in focus: Now it matters!

    • Tungsten
    • Lithium
    • Electromobility

    Poland and Bulgaria no longer receive gas from Russia because they cannot pay in hard rubles. Feat: No one has larger stocks of this exotic currency because until now, all energy deliveries could be paid for in foreign currency. The situation has reached a new level of escalation between the Russian government and resource-hungry Central Europe. With further arms deliveries, this political issue will become even more acute. We look at existing dependencies and the dangers for German industrial stocks.

    Read

    Commented by Juliane Zielonka on April 28th, 2022 | 12:04 CEST

    Mercedes-Benz, Edison Lithium, K+S - Strong gains from the start

    • Electromobility
    • Lithium
    • fertilizer

    Mercedes-Benz AG scores with a good return on cars and vans in the first quarter of this year. Luxury and electric, in particular, are selling like hotcakes. Despite the pandemic, delivery problems and the lapsed Russian business, shareholders are benefiting from the current share price. To meet the demand for electromobility, areas with mineral resources such as lithium and cobalt are becoming increasingly valuable. These metals are used in batteries to power electric vehicles. The fertilizer company K+S is also providing drive in the agricultural sector. With its products, farmers generate almost twice as much crop yield. However, this disturbs a delicate balance, prompting the German Federal Ministry of Research and Education to take action.

    Read