Close menu




November 26th, 2021 | 13:04 CET

Plug Power with a bang - what are Nel and First Hydrogen up to?

  • Hydrogen
Photo credits: pixabay.com

Hydrogen shares are in demand again. The basis for the industry is the political will for hydrogen to become a central pillar of the energy transition. It applies to numerous industrialized countries, and Germany's new traffic light coalition will also stick to it. But there is also positive news from the companies in operational terms. Following ThyssenKrupp's plans to float its hydrogen division on the stock market, Plug Power has now reported a major order with charisma. That should also give new impetus to hydrogen shares such as First Hydrogen and Nel.

time to read: 2 minutes | Author: Fabian Lorenz
ISIN: PLUG POWER INC. DL-_01 | US72919P2020 , NEL ASA NK-_20 | NO0010081235 , First Hydrogen Corp. | CA32057N1042

Table of contents:


    Plug Power to build 100 MW in Egypt

    Plug Power has won a major contract from a green hydrogen consortium to supply a 100-megawatt electrolyzer. The PEM electrolyzer is expected to be the largest of its kind when commissioned and will be located in Egypt. The plant will produce green hydrogen for the production of up to 90,000 tons of green ammonia. Egypt has sufficient renewable energy resources and is considered a good location for green hydrogen production. The plant is expected to be ready for production in about 12 months and will be the largest green hydrogen plant globally. It is a highly prestigious order for Plug Power. It represents a breakthrough in the Middle East, where Abu Dhabi, Dubai and Saudi Arabia are currently racing to be the "largest producer" of green hydrogen. Even though Plug Power's stock barely reacted to the order, the chart looks promising.

    First Hydrogen: Newcomer with potential

    First Hydrogen's stock has yet to take off. Yet, the Canadian Company is well on its way. It aims to become the leading manufacturer of zero-emission, long-range hydrogen-powered commercial vehicles in the UK, EU and North America. Several experienced industry experts have joined forces to achieve this goal. With the "First Hydrogen Utility Van", a vehicle is currently in development with which First Hydrogen is addressing major logistics companies such as Amazon, UPS and DHL. The Company is pursuing a "best of" strategy, which means that proven chassis are used to reduce development time and costs. The prototype construction time is expected to be a maximum of 12 months, well below the industry average. Cooperation with two high-caliber companies was already agreed upon in the second quarter. Ballard Power, a global provider of innovative clean energy with a hydrogen fuel cell fleet, was secured for the technology. For the design, a definitive agreement was reached with AVL Powertrain UK, the world's largest independent automotive engineering, simulation and testing company. Two hydrogen-powered light commercial vehicles are scheduled for delivery in the third quarter of 2022 for demonstration purposes.

    In addition, First Hydrogen will also offer fuel cell-powered CO2 extraction systems that will allow users to operate the systems in remote locations - even without a power grid. At CAD 1.65, the stock is still trading well below its all-time high of CAD 2.30 in June 2021, though the Company is a good deal further along today than it was then.

    Nel: Rebound underway

    The Nel share tended to fall in recent days but then started to rebound on Thursday. The reason is a new order from Sweden. Nel announced that it had received an order for an alkaline water electrolyzer with a capacity of 20 megawatts. The customer is Ovako, a European manufacturer of structural steel. The electrolyzer is to be installed at Ovako's existing plant in Hofors, Sweden. Hydrogen is used there to heat steel before rolling and hot forming. The fossil-free hydrogen will replace fossil propane gas, which is currently still used to heat the furnaces at the plant.
    "There is enormous potential for reducing CO2 emissions from steel heating processes by using green hydrogen. There are many similar sites with equally great potential for decarbonization throughout Europe and the rest of the world," says Jon André Løkke, CEO of Nel.


    Hydrogen stocks are stepping on the gas again. Plug Power and Nel are among the industry heavyweights. But investors should also look at newcomers like First Hydrogen.


    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

    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 André Will-Laudien on September 27th, 2022 | 13:49 CEST

    Energy for the stock market! Siemens Energy, TubeSolar, Nel ASA, Plug Power - Green innovations are needed now!

    • renewableenergies
    • Energy
    • Hydrogen
    • GreenTech

    Many innovative companies are working on sustainable solutions to reduce the colossal dependence on fossil fuels, sometimes with success and sometimes with less noteworthiness. For investors, it is important to note that most of the ideas have German engineering behind them, a testament to our high-performing education and training system. Some very creative start-ups go public quickly and boldly to refinance themselves. Other large companies are already long-listed and now have to watch their formerly lush valuations melt away in the sun. The selection of portfolio stocks is important, so it is always advisable to mix standard stocks with hopeful ones, which lowers the risks. We make a selection.

    Read

    Commented by Nico Popp on September 27th, 2022 | 10:50 CEST

    Plug Power, dynaCERT, Varta: Where there is shadow, there is also light

    • Hydrogen
    • GreenTech
    • Technology

    GreenTech shares have been booming in recent weeks, and rightly so: regenerative energy sources and innovative drives are now often even cheaper than proven technology. Coupled with zero emissions, this is a decisive advantage. We explain why some shares are nevertheless weakening and show where there are interesting opportunities.

    Read

    Commented by Nico Popp on September 26th, 2022 | 14:10 CEST

    Amazon, First Hydrogen, Shell - Profits are now being made on the stock market!

    • Hydrogen
    • greenhydrogen

    The past week did not exactly provide high spirits among investors. Almost all asset classes fell. But anyone who now gives up and turns their back on the market is making a crucial mistake! We look at why winners are being made right now, where there are opportunities and which trends simply cannot be beaten down in the long term, using three stocks from different sectors as examples.

    Read