Close menu

February 28th, 2022 | 11:10 CET

Russia crisis: Plug Power, Nel ASA, First Hydrogen - Which hydrogen stock to buy now?

  • Hydrogen
  • GreenTech
Photo credits:

Buy when the guns are thundering! This stock market wisdom has worked many times before. This time, the chances for a discussion in favor of "alternative energy sources" are excellent because the Russian crisis shows Europe's staggering dependence on fossil fuel energy supply. One of the main suppliers has historically been Russia, and there are virtually no alternatives, especially for the critical natural gas. To avoid getting into a supply bottleneck, the possibilities for extended EU sanctions against Putin are thus also limited. However, the traffic light coalition is unanimous: The development in the direction of hydrogen must get going now to finally get Europe's climate strategy and energy turnaround on track! Here is an overview of the best-positioned titles!

time to read: 3 minutes | Author: André Will-Laudien
ISIN: PLUG POWER INC. DL-_01 | US72919P2020 , NEL ASA NK-_20 | NO0010081235 , First Hydrogen Corp. | CA32057N1042

Table of contents:

    Nel ASA - Good figures and chart technical double bottom

    That was fast! The Norwegian hydrogen company Nel ASA presented good figures for 2021 last week. However, the high investments continue to press on the profit. With sales of NOK 798 million after NOK 652 million, an operating loss (EBITDA) of NOK 475 million after NOK 252 million remains. Including all research expenses, the bottom line is a net loss of NOK 1.67 billion - the equivalent of EUR 168 million.

    However, Nel's order backlog is at a record level of NOK 1.23 billion at the end of 2021. While sales have turned out better than many experts expected, the sustained negative result is disappointing. Nel ASA has not yet formulated a concrete outlook for 2022.

    Nevertheless, the share price is also rising due to positive analyst opinions. The heavily battered title gained a full 30% from EUR 1.07 to an astonishing EUR 1.37 in just 48 hours. A huge gulp from the bottle, but the formation now resembles a double bottom and sends positive chart signals for the next trading weeks.

    First Hydrogen - One of the strongest stocks in the TSX Venture Index

    Listed for almost one year exactly, hydrogen specialist First Hydrogen (FHYD) is enjoying an award. The TSX Venture Index Commission is now recognizing companies for the strongest performance in revenue and performance on the TSX Venture Exchange over the past year 2021. The honor list comprises 10 companies from each of the five industry sectors and recognizes stock market performance based on market capitalization, share price and trading volume in a ranking. First Hydrogen is on it - that's what investors like to hear!

    CEO Balraj Mann comments, "We are very excited to be included in the TSX Venture 50 in 2022. First Hydrogen is developing rapidly after entering into strategic relationships with the world-renowned University of Cambridge to develop AI learning software. With Ballard Power Systems Inc. and AVL Powertrain UK Ltd., two commercial vehicles powered by hydrogen fuel cells will be developed. Together with FEV Consulting GmbH, we are jointly developing and building hydrogen refueling stations. Our alliances point the way to decarbonization and net-zero CO2 targets."

    The Company continues to expand its team of experts with the recent additions of Steve Gill, Robert Campbell and Nicholas Wrigley. The goal is to rapidly develop the automotive strategy and new opportunities such as hydrogen refueling stations and hydrogen-related technology. Overall, the Canadians' portfolio of operations currently harmonizes very well with industry and policy requirements.

    First Hydrogen shares enjoyed a super rebound last week. Starting from CAD 1.68, it went up to CAD 2.20. Almost 300,000 shares were traded daily on the German stock exchanges. Investor interest in H2 shares has returned impressively. Buy!

    Plug Power - Here, too, the positive voices are increasing

    There are many reasons for the positive mood in the sector. On the one hand, sentiment has improved after the outright sell-off in "GreenTech" shares. For another, green hydrogen could turn out to be the key to a climate-neutral energy supply and even develop into a market with a volume of more than USD 1 trillion per year.

    In a recent interview on CNBC, Goldman expert Michele DellaVigna speaks of the urgent need to rely on hydrogen: "If we want to move to net zero, we cannot do it through renewables alone. We need something to take over the role of natural gas today, especially to deal with seasonality and intermittency, and that is hydrogen." A nice plea for H2 technology, certainly a timely comment given the natural gas shortage due to the Ukraine conflict.

    Plug Power is a benchmark in the H2 sector. The Company repeatedly secures its pioneering role in the industry with numerous cooperations and acquisitions. These include a joint venture with the Spanish energy company Acciona, founded in November under the name "AccionaPlug". The joint project aims to provide green hydrogen for the Spanish and Portuguese markets.

    As part of the cooperation, business customers will also be able to use AccionaPlug's storage, transport and delivery services in the future. AccionaPlug aims to have hydrogen production plants located directly at its industrial customers. The first plants are expected to be operational in 2023. Plug Power stock is also very good at picking up the current momentum in the industry, improving 25% in the short term. The share price is thus back at the technical resistance line of EUR 20. Put the value back on the watchlist!

    The sails for the H2 sector are fully set again. There will still be high volatilities due to the current political upheavals. Therefore, no loud bells are being rung for either entry or exit. Those who invest now do so speculatively or with staying power. The big players have fallen sharply after the hype but are still ambitiously valued. The innovative First Hydrogen will have many surprises in store this year.

    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 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

    André Will-Laudien

    Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

    About the author

    Related comments:

    Commented by Juliane Zielonka on September 28th, 2023 | 09:20 CEST

    First Hydrogen, Siemens Energy, PayPal - Innovative growth with hydrogen and its own currency

    • Hydrogen
    • greenhydrogen
    • Energy
    • renewableenergies

    Global Market Insights forecasts that the parcel delivery vehicle market is expected to reach over USD 210 billion by 2032, driven by the uninterrupted growth of e-commerce. First Hydrogen is a company specializing in sustainable propulsion solutions for such fleet vehicles. Hydrogen-powered vehicles are also currently finding their way onto the streets of India. India is the world's fifth-largest economy and is sending a crucial signal with hydrogen technology. First Hydrogen has positioned itself in a promising market. Siemens Energy is also betting on hydrogen. After the debacle caused by the takeover of the wind energy company Siemens Gamesa, the hydrogen deal with Air Liquide is finally leading to an increase in the share price. At PayPal, the new CEO is a breath of fresh air. The Company is expanding its growth potential in the direction of its own cryptocurrency. Find out what that means for investors here.


    Commented by André Will-Laudien on September 27th, 2023 | 08:05 CEST

    The high-tech gold rush on the Nasdaq is waning: BYD, Manuka Resources, and Infineon remain on the buy list

    • Mining
    • Vanadium
    • Electromobility
    • Technology
    • GreenTech

    For those investing in green or high-tech sectors, keeping an eye on the supply chains of raw materials is crucial. After all, in times of geopolitical upheaval, nothing seems more important to the industry than securing its foreign sources of critical resources. The EU and the US have already responded by adding several metals to the list of strategic elements. For the capital markets, too, the fight against global warming has become an issue that cannot be ignored. We focus on successful protagonists that can enhance any portfolio.


    Commented by André Will-Laudien on September 25th, 2023 | 08:35 CEST

    Make a return instead of sitting on the sidelines! Nel ASA, Desert Gold or Nikola Motors - Who belongs on the buy list?

    • Mining
    • Gold
    • Hydrogen
    • Inflation

    Despite the bull market, the hydrogen sector is feeling the global investment slump, not to mention precious metals. Once again, the US Federal Reserve has issued warnings on the inflation front, but this time, after 11 consecutive hikes, it has not turned the interest rate screw. The refinancing rate remains at 5.5%, but the accompanying wording has greatly unsettled the markets. Capital market rates shot up, reaching a whopping 4.55% for 30-year US Treasury bonds - the highest level in 10 years. We take a look at values that have fallen sharply. Where can adequate yields be expected?