The Ups and Downs of Hydrogenics

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© wallstreet-online.de

Hydrogenics (Nasdaq: HYGS) seems to be facing similar headwinds in China, mostly with regard to funding, bid requests and grant approval. It said the country offered excellent prospects; everything was just moving along a bit more slowly than expected. At the very least, backlog at Hydrogenics added up to USD 132 million, more than half of which originates with Alstom contracts for fuel cell trains. Thirty trains have already been ordered and more are said to follow this year.

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New Funds Secured by Plug Power

Carrefour
Carrefour’s Still forklift trucks equipped with Plug Power systems, © Still

Considering the many possible uses of fuel cells, the market for them won’t go up in a straight line. Nor will the large-scale production of cheap renewable hydrogen be a goal that can be accomplished overnight. Still, new hydrogen fueling stations will be added at a steady pace, and it will only be a matter of time until mass-produced fuel cell cars are available for sale.

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The Rollercoaster That Is Tesla

Tesla
© Tesla

The sky’s the limit, you might have been thinking, when Tesla’s stock jumped from USD 240 to about USD 340 in few days. On Oct. 23, 2018, a short while before the company said that it would preschedule the publication of third-quarter results, a well-known short seller named Andrew Left, of Citron Research, changed his outlook on Tesla (Nasdaq: TSLA). In what seemed like a 180-degree turn from his previous position, he stated

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Kühn Tries His Luck with kraftwerk TUBES

kraftwerk
Sascha Kühn, © Consilium Rechtskommunikation

Many German fuel cell fans are still angry at Sascha Kühn, mostly not because his company’s kraftwerk fuel cell charger has yet to be delivered but because Kühn has practically disappeared from the public eye. Months have passed since there was some kind of statement about if and how the original idea of manufacturing small high-temperature fuel cells with the help of crowdfunding could still be brought to market.

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AVX Buys Kumatec

In mid-May, an AVX Corp. subsidiary, AVX Interconnect Europe, signed a EUR 12.5 million agreement to acquire Kumatec Sondermaschinenbau & Kunststoffverarbeitung, a German plastic components manufacturer based in Neuhaus-Schierschnitz, near Coburg. As a U.S. supplier of advanced electronic parts, interconnect solutions and sensor products, AVX bought Kumatec to benefit from the latter’s expertise in automation.

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Plansee Shuts Down Fuel Cell Division

Plansee SE, which specializes in high-temperature materials and is based in Reutte, Austria, will discontinue its fuel cell business. Early this year, management had announced that the company intended to refocus attention on core operations, namely molybdenum and wolfram production, and abandon research on metal-supported fuel cells. It is said, however, that Global Tungsten & Powders, a fully owned Plansee subsidiary headquartered in Towanda, USA, will continue

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Is That the Turnaround on the Horizon?

© wallstreet-online.de, Retrieved Aug. 30, 2018

The second half of the year is said to right the wrongs of the first, when fuel cell stocks did not have a chance to shine in the spotlight. Recent oil price hikes, typically a surefire recipe for larger investments in renewable energy, have had no discernable impact either. The interest shown by institutional investors in Tesla is much higher than that in the companies described below, most likely because their market caps are nowhere near USD 50 billion.

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Ballard Anticipates Strong Growth in Second Half of 2018

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Current liquid-cooled FCvelocity 9SSL stacks, © Ballard

Even Ballard’s chief executive, Randall MacEwen, has been heard using the word “megatrend” to describe the future of the fuel cell market. The industry is benefitting from the technological readiness of multiple fuel cell products and bringing them to market will only be a matter of time. The driver of growth at Ballard is a broad portfolio of prototypes and partnerships.

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FuelCell Energy Stock Still in the Valley of Tears

Margalef
Pere Margalef, © FuelCell Energy

FuelCell Energy (Nasdaq: FCEL) disclosed in June that South Korean Posco Energy would end its agreement with the company to provide certain market access rights in Asia. By contrast, other Korean suppliers have begun to invest in fuel cells on a large scale. Posco’s decision could have been made for strategic reasons, maybe to limit its product range. The fuel cell division seems to be the logical choice

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