The stock market shows gravity! Black Friday prices for Plug Power, dynaCERT, Oklo, and Nel ASA

dynaCERT – The future of low-emission transport is now

We have reported several times recently on the Canadian technology company dynaCERT. With the international rollout to Texas and Mexico, tangible progress is now visible. It is all about the patented HydraGEN™ technology, with which dynaCERT is setting new standards in low-emission mobility. The technology generates hydrogen and oxygen directly at the engine through electrolysis of water, which reduces diesel consumption by up to 8% and significantly reduces CO₂ and NOx emissions. HydraGEN™ improves diesel fuel combustion by adding gases and ensures more efficient, cleaner combustion with fewer pollutants. The system is already in use in North America, Europe, and other regions, including by freight forwarders, in the mining industry, and in port operations. Recently, the French port of Rochefort demonstrated that even retrofitting port cranes can lead to significant emissions and fuel savings.

dynaCERT's technology meets strict environmental requirements and has been certified for emissions reductions by the international certification body Verra. The market breakthrough is currently evident in new large orders, for example, in Mexico, one of the world's largest truck markets. There, dynaCERT is cooperating with the Texas-based distributor Hydrofuel Technologies, which has ordered 100 units of HydraGEN™ technology for delivery within a year. One thing is clear: Mexico is the gateway to Latin America. However, dynaCERT also reports projects in Australia and Canada, such as Caterpillar haul trucks and H2 generators for extreme environments.

In May 2025, Bernd Krüper, who has many years of industry experience, took over as President of dynaCERT and strengthened important partnerships, including with Cipher Neutron in the field of electrolysis technology. John Amodeo, who has extensive expertise in global corporate development, was recently appointed as the new CFO to support growth and international expansion. The Company has also raised CAD 5 million in fresh capital and is now listed on the US stock exchange. The stock is highly liquid and tradable in both Germany and Canada and is currently trading at a significant discount for no real reason. Nevertheless, GBC Research expects CAD 0.75, which means the current price of CAD 0.11 offers a multiplication over the next 12 months. Time to buy!

What do GBC analysts say about the latest developments at dynaCERT? Here is an interview by Lyndsay Malchuk with market expert Matthias Greiffenberger.

https://youtu.be/CgRYH2iNbUg

Oklo – What a price slump

SMR hopeful Oklo, from the US, has really fallen by the wayside. In wild euphoria over Trump's announcements about a revolution in nuclear energy, the share price had risen by a staggering 700% since April. After a technical peak lasting about 10 days, the reversal came. What happened? It is the abundance of projects that Oklo now plans to push forward in parallel. Investors are increasingly doubtful about the financial feasibility, because the complete implementation of just one plant requires external investors, the state, and public subsidy programs to shoulder the billion-dollar investment. The momentum is high. For example, the expansion of the collaboration with the Idaho National Laboratory is on the agenda, strengthening the R&D pipeline for important materials and fuels. The selection for three DOE reactor pilot projects signals high political confidence and accelerates the realization of the Aurora fast reactors. Finally, the planned co-location with Lightbridge for fuel production could create significant synergies. Recent progress underscores Oklo's goal of establishing a robust domestic fuel supply. At the same time, the Company is addressing regulatory hurdles through cooperation with government agencies. Investors have apparently gotten cold feet and taken their initial profits. A staggering 50% drop in price to USD 95 in just 15 trading days. Respect!

Plug Power and Nel ASA – Were these false breakout signals?

American hydrogen pioneer Plug Power is also proving to be highly volatile. In October's NASDAQ frenzy, its share price catapulted from USD 1.90 to USD 4.50 at breakneck speed. Then came Q3 figures that were only in line with expectations. CEO Andy Marsh expressed optimism for the coming years, but at the same time urged public institutions to accelerate their investments in alternative energies such as hydrogen. On the other hand, there is little news from the COP30 meeting in Brazil. Some protagonists had hoped for more positioning on this issue from the most important industrialized countries. But the absence of the US delegation alone reduces the meeting to only about 65% of global pollutant emissions. With the announcement of a USD 375 million convertible bond, PLUG management is not generating much excitement either. Due to renewed dilution, the stock fell another 14% yesterday to USD 1.86. This means that the entire increase from October has now been wiped out. It is a shame, as the technical breakout had looked promising, but now the chart resembles the Kaiser Wilhelm Memorial Church in Berlin. Wait and see!

At Nel ASA, too, the Q3 figures had only a short-term positive effect. Nel generated contract revenues of NOK 303 million, a 17% decline, but EBITA was significantly better than in the previous year at NOK -37 million compared to NOK -90 million. Furthermore, order intake is continuing to decline, causing the total order backlog to slump by 47% to NOK 984 million. The only slight consolation is the cash balance, which totaled NOK 1.8 billion on the reporting date. The share price jumped 25% to NOK 2.85 yesterday, but ended the day back at NOK 2.35. A tragedy!

Following an extensive correction in the Greentech sector, there is now room again for high-growth technology and sustainability stocks. While industry giants such as Oklo, Plug Power, and Nel ASA face a challenging scaling process, dynaCERT is increasingly coming into focus with its unique Greentech solution. The Company combines climate protection with increased efficiency in mobility and industry.