Following a short-term dip, the stock of Canadian
fuel cell manufacturer Ballard Power (Nasdaq: BLDP) went on to rebound in a big
way, shooting up daily. A good sign. While the company didn’t ink any major
deals, it signed several framework agreements and received multiple letters of
intent. It also tried to branch out, getting in on projects such as H2Ports. As
a global leader, Ballard will remain in the spotlight, in multiple markets,
thanks to its highly advanced technology.
For me, the new year started off with a bang: While hydrogen and fuel cells had rarely been discussed at the many energy conferences held in past years, power-to-gas, electrolyzers and fuel cells are quickly seizing the spotlight these days. It’s very good news for technology suppliers listed on the stock exchange, especially for those mentioned below. The market has finally built enough momentum, and the public is taking note. Also, Tesla’s position as the leader of the field took a bit of a hit in 2018: Competition grew fiercer, with more and more businesses offering electric or hybrid models.
The bloodletting among the executive ranks
at Tesla (Nasdaq: TSLA) continues. The carmaker’s general counsel stepped down
only two months after taking the position and its chief financial officer, who
had already been in this role once before, years ago, resigned as well, this
time after two years. This doesn’t bode well. Tesla’s CEO, Elon Musk, at least
managed to bring his billionaire friend and Oracle founder Larry Ellison on board. Ellison
has bought Tesla shares worth over USD 1 billion, making him the automaker’s second-largest
private shareholder, after Musk.
On February 22, Plug Power (Nasdaq: PLUG) celebrated the Grand Opening of a new factory in Rochester in the United States. Reportedly, the site will create more than 180 jobs and produce as many as 400,000 membrane electrode assemblies, compared to a company-wide production of 10,000 in 2018. The big increase in capacity is thought to be achieved by using a technology that the manufacturer obtained by buying American Fuel Cell. Additionally, tests of courier vans have created high expectations.
After a sharp decline, with high volumes being
traded at prices as low as USD 0.40, the tide suddenly turned for FuelCell
Energy (Nasdaq: FCEL). While trade volume increased even more, to 17.5 million shares,
the price shot to USD 0.90 within a few days. Then, the tide turned again, and the
shares fell to a new low. It’s almost as if the stock is part of a high-stakes
gambling game. Who is in the know?
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.