by Hydrogeit | Aug 1, 2017 | North America
© www.wallstreet-online.de, May 20, 2017
On April 27, 2017, FuelCell Energy (NASDAQ: FCEL) took everyone by surprise when it announced that it intended to raise USD 15.4 million in capital through an underwritten public offering. The net proceeds amounted to USD 13.8 million at USD 1.28 per share, meaning 15 per cent above current stock quotes. At the same time, it issued one-year warrants priced at USD 1.28 per share, exercisable at any time, and five-year ones at USD 1.60 per share, including the same option (convertible into shares). (more…)
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by Hydrogeit | Aug 1, 2017 | North America
Presenting the new electrolysis stacks
Before the capital raise, a Chinese-based investor, Fuzhou Bonded Zone Hejili Equity, made a private placement to Hydrogenics (NASDAQ: HYGS) at a price that was 10 per cent above the average stock quote, meaning USD 7.83 per share. This has all the hallmarks of a good deal for Hydrogenics and shows the trust that the strategic investor has in its decision. Hejili paid USD 21 million for those shares (more…)
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by Hydrogeit | Aug 1, 2017 | North America
Model 3, © Tesla
Profit from 2017‘s first quarter was less than persuasive, as minus USD 1.33 per share (before extraordinary items/losses) was a much higher fall than the, on average, USD 0.81 in loss analysts had expected. First-quarter net loss added up to around USD 330 million. That revenue grew strongly by 69 per cent (compared to the same quarter last year) to USD 2.7 billion is a positive. (more…)
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by Hydrogeit | Aug 1, 2017 | Europe, North America
Shell station by ITM Power in the UK, © ITM
ITM Power (NASDAQ: ITMPF) is the first R&D fuel cell business from the UK making the jump onto the British stock exchange. ITM manufacturers power-to-gas systems, H2 filling stations and electrolyzers. Currently, it is working on a module-based electrolyzer that could allow for combinations offering up to 100 MW capacity. (more…)
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by Hydrogeit | Aug 1, 2017 | Germany, North America
Since last December, industrial gas supplier Linde has been trying in a second attempt to merge with its American competitor Praxair. On June 2, 2017, Linde’s supervisory board finally approved the merger, a decision that was not without controversy. As Reuters has reported, one of the six worker representatives had abstained from voting, effectively turning a split decision into a six-to-five vote in favor of the deal. (more…)
by Hydrogeit | Jul 1, 2017 | Asia, North America, worldwide
Next Generation Fuel Cell Stack, © GM
Japan remains fully committed to integrating hydrogen into its national energy mix, and is looking to Europe and to a lesser extent the U.S. for markets and research support. Developers f residential fuel cell systems have all found European partners to bid for FCH-JU funding. And Japan’s Toyota has quietly led an international effort to engage corporations (more…)
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