Ballard Power – Perfect Market Position

wallstreet
© wallstreet-online.de, March 20, 2017

On March 1, 2017, China Today reported in detail about the Asian country’s joint efforts together with Canada in environmental protection and clean energies. Canadian-based Ballard Power Systems was mentioned as a model example and positive force behind many fuel cell and mass transportation projects and agreements in China (bus, rails). What Ballard and the fuel cell companies discussed in the following articles have in common is that they will be in the black in two to three years’ time and that the fuel cell markets are at a turning point for the better. The five businesses and their shares should be viewed based on their very promising long-term outlook and not based on their admittedly disappointing short-term results.

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Hydrogenics – Record-High Order Figures

Raglan
Raglan Glencore Nickel Mine, © Hydrogenics

Canadian-based Hydrogenics (NASDAQ: HYGS) reported revenue of USD 8.7 million for the fourth quarter of last year and a net loss of USD 0.20 per share. This means revenue in all of 2016 was at USD 29 million, at a net loss of USD 9.9 million. Conversely, the number of order bookings has skyrocketed and backlog totaled USD 106.6 million, of which around USD 38 million are said to be recognized as revenue in the current fiscal year

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FuelCell Energy – Exxon – Trump – Tillerson

Colton
William M. Colton, © Euroforum

During the industry conference Energy – Think Outside the Box in Berlin, William M. Colton, vice president corporate strategic planning at ExxonMobil, talked about the big potential of a technology called “carbon capture.” By that, he meant the option to add CO2 to hydrogen to create methane and convert the result into power and heat inside a fuel cell. ExxonMobil’s partner for generating energy from emissions is FuelCell Energy (NASDAQ: FCEL). Days later, U.S. President Donald Trump said in a speech that he intended to “end the war on coal” and that the United States was going to have “clean coal.”

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Plug Power – USD 130 Million Revenue in 2017

The minus USD 0.11 per share was a much higher loss than the USD 0.06 that had been anticipated. The adjusted EPS is said to be at USD 0.08 per share. The company’s revenue increased to USD 32.6 million in the final quarter of 2016 – while USD 34.8 million had been expected. The net loss attributable to common shareholders (incl. large extraordinary items) added up to USD 57.6 million at USD 85.9 million in revenue. This fiscal year, GAAP revenue is expected to grow to USD 130 million. Where does the company go from here? The focus of Plug Power (NASDAQ: PLUG) is the materials handling market, and it’s doing well on it regarding customers and bookings.

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Tesla – Has That Been the Squeeze Already?

Gigafactory
Tesla’s Gigafactory in January 2017, © Tesla

Just recently, the stock price of Tesla (NASDAQ: TSLA) had known no bounds: Prices went up more than 40 percent within a few weeks. But the hike was followed by a hefty decline from USD 286 to around USD 240. There had been no reassuring news and figures based on which you could make a logical argument for the price explosion. One of my theories focuses less on the influence of tweets and the content of statements made by Tesla’s CEO

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Buzz About Stanford Study

A new study that claims battery-only vehicles to be cheaper and more economical than fuel cell vehicles has caused quite a stir in the electric transportation industry. On Nov. 14, 2016, the website of Stanford University showed a press release that made the headlines on several online portals. Reportedly, the main conclusions were that battery-driven vehicles could become cheaper than gasoline-powered cars from 2025 and that the ones running on fuel cells would require more than twice as much electrical energy. It was also noted that battery-powered engines reduced CO2 emissions at lower costs than fuel cell versions – particularly because of the infrastructure needed to produce hydrogen.

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The Tesla Among Trucks

Nikola
Unveiling event, © Nikola

On Dec. 1, 2016, Nikola Motor Company presented its first hydrogen truck. Founder and CEO Trevor Milton unveiled the Nikola One in front of 600 invited guests at the company’s headquarters in Salt Lake City, Utah. The truck is a concept study of an electric semi equipped with a large lithium-ion battery pack and a fuel cell.

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H&FC Letter Archived

The collected works of Peter Hoffmann, the editor of The Hydrogen & Fuel Cell Letter, have now been preserved for posterity and are available as part of the Hydrogen and Fuel Cell Archives. This database contains all newsletters that Hoffmann published jointly with his wife, Sarah, from 1986 up till his untimely death in April 2014 as well as the information gathered by Fuel Cells 2000 and the newsletters by the International Association for Hydrogen Energy.

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H2FC Goes Overseas

H2FC NAThis year will be the twenty-third in the history of the joint booth Hydrogen + Fuel Cells + Batteries at the Hannover trade show (April 24 through 28). And since the industry meeting has proved to be a good networking platform, Tobias Renz FAIR and Deutsche Messe will also organize a similar booth at the American trade show this year. The Hydrogen + Fuel Cells North America will take place from Sept. 10 to 13 during the Solar Power International in the Mandalay Bay Convention Center in Las Vegas, Nevada.

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Plug Power Goes to China

fuel-cell-shares-web
Share price development as of Dec. 20, 2016

Plug Power CEO Andy Marsh is looking to establish framework agreements with Chinese companies, as he believes the country to be a very promising market. China is said to have already invested more than USD 100 billion in fuel cell technology over the years, as it has recognized that there is large potential to tap (see Ballard). Talks with Chinese-based automotive suppliers are ongoing. In the US, Plug Power hopes that there will be other tax incentives for fuel cell vehicles. The investment tax credits have certainly been a factor in getting orders for forklift truck retrofits. Donald Trump, however, is said to be opposed to these types of incentives as much as in the wind and solar industry.

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