REBOUND for Steyr shares! COLLAPSE at Nel and thyssenkrupp nucera! SCALING at dynaCERT?

dynaCERT: Scalable business model could drive share price

Making existing diesel engines more environmentally friendly and efficient with minimal effort – that is dynaCERT's approach. At the heart of the cleantech company's business model is the HydraGEN system, a retrofit module that uses electrolysis to produce small amounts of hydrogen and oxygen from distilled water and injects them into the engine's air intake. This leads to more complete combustion, enabling the engine to deliver more power using the same amount of diesel while emitting less CO₂, soot particles, and NOx. The technology can be retrofitted within two to three hours and is designed for numerous applications – from forklifts and trucks to generators and ships.

A milestone for dynaCERT this year was an order from the port of Rochefort-Tonnay-Charente in France. There, HydraGEN was initially tested on a port crane and impressed with fuel savings of up to 8% and significantly reduced CO₂ and particle emissions. Following these results, the customer decided to equip its entire crane fleet with the technology.

In a recent interview with GreenPort, German managers Kevin Unrath (COO) and Bernd Krüper (President) expressed strong confidence in the company's trajectory. They emphasize that the HydraLytica telemetry platform will enable operators not only to track fuel savings and emission reductions in real time, but also to generate CO₂ credits in the future. The larger the fleet, the more attractive this becomes — a powerful incentive for ports, logistics companies, and industrial operators alike. For dynaCERT's share price, widespread adoption across ports, transport companies, and industrial environments will be decisive. If the rollout accelerates in the coming year, the Company's scalable business model could become a significant driver for the stock.

thyssenkrupp nucera: All-time low and now?

While dynaCERT relies on bridge technology to make existing engines more environmentally friendly and efficient, companies such as thyssenkrupp nucera rely on 100% hydrogen technology. The latest announcement from thyssenkrupp nucera shows that it is challenging to establish this technology in the market and convince customers to make high investments.

The preliminary figures for the 2024/2025 fiscal year did not convince the stock market. Revenue fell from EUR 862 million to EUR 845 million. This means that the electrolysis specialist missed its revenue forecast of EUR 850 million to EUR 920 million. Earnings before interest and taxes (EBIT) improved from EUR -14 million to EUR 2 million, which was in line with expectations.

In the largest business unit, Green Hydrogen (gH2), revenue fell from EUR 524 million to EUR 459 million. Although EBIT improved noticeably from EUR -76 million to EUR -56 million, it remained heavily in the red.

The order backlog declined significantly. At the end of the reporting period, thyssenkrupp nucera had orders with a volume of EUR 0.6 billion (previous year: EUR 1.1 billion). For fiscal year 2025/2026, the Executive Board expects a significant decline in sales to between EUR 500 million and EUR 600 million. Measures have already been initiated to reduce the lower cost coverage due to lower sales, and thus ultimately the impact on the Group's earnings. Nevertheless, the EBIT forecast range is vast, from EUR -30 million to EUR 0 million.

Following the announcement, nucera shares fell further and are currently trading at EUR 7.33, an all-time low.

Steyr: Rebound started?

Steyr Motors shares have also fallen sharply recently. Since the beginning of November, they have slipped from EUR 50 to below EUR 30. On the one hand, the euphoria surrounding defense stocks has cooled noticeably. The securities of heavyweights RENK, Rheinmetall, and Hensoldt have also lost significant value, albeit not as much as Steyr shares. The situation was exacerbated for the supplier of special engines for military and civilian applications by the fact that major shareholder Mutares sold 1,213,206 Steyr shares, thereby exiting the Company completely. In the current environment, this did not go down well at all.

As a result, Steyr's market capitalization has fallen to around EUR 155 million. In July, it was still more than EUR 300 million. Is this an opportunity to buy? Meanwhile, Steyr shares gained more than 5% yesterday. According to Cantor Fitzgerald, there is still significant upside potential. The analysts have confirmed their price target of EUR 65 even after Mutares' exit.

Hydrogen remains an exciting market, but investors still need to watch it closely. Industry giants such as Nel and thyssenkrupp nucera continue to struggle, as the path to sustainable profitability remains uncertain. In the current environment, a bridging technology that boosts efficiency and reduces emissions with minimal effort is easier to commercialize – and that is exactly where dynaCERT comes in. That is precisely what dynaCERT offers. The recent sell-off in Steyr shares was likely a little too strong. Defense stocks, on the other hand, currently appear to have run out of steam.