Shareholders discover fuel cells

Shareholders discover fuel cells

Share price development of the six discussed companies
© www.wallstreet-online.de

The reports are overwhelming as far as the areas of application and potential of the fuel cell are concerned, and politicians in Germany have also finally woken up. The stock exchanges have led many FC companies into a real course euphoria. But also, contradictions find their way into the media, according to which China allegedly plans to reduce or even completely discontinue the promotion of battery-powered, but also fuel cell-powered electro-mobility. On the other hand, from a very well-informed source one hears exactly the opposite, namely that precisely the promotion of the fuel cell and the associated infrastructure in China is being set up anew, that only the battery promotion is being limited.

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Ballard Power – Growth begins in 2020/21

Randy MacEwen
Randy MacEwen

Forget the quarterly figures for Ballard Power this year. They are only important to analysts. The CEO already said at the beginning of the year and recently underlined in a Bloomberg interview that this calendar year will be used to build capacity in China (production of the LCS stacks together with Weichai), among other things, to position themselves, to strengthen the central production and R&D location in Vancouver, to expand the workforce and to tackle pilot projects as a basis for orders.

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FuelCell Energy – Chance for a new beginning

Jason Few, FuelCell Energy
Jason Few, © FuelCell Energy

What a farce it was that Shortseller FuelCell Energy set out to use toxic financing media (preference shares convertible into ordinary shares) to depress the share price and at the same time bring more and more shares into the market – without commitment. In addition, some project financing was subject to conditions that could be considered questionable (e.g. minimum return, guarantees). In addition, bank loans were used as leverage against the company, as reference was made to safety margins and termination clauses, while FuelCell did not approach restricted cash. A vicious circle.

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Bloom Energy – Share price fireworks after collapse

Energy supply with Bloom SOFC systems on ships
Energy supply with Bloom SOFC systems on ships, © Bloom

The figures for the third quarter were satisfactory: On balance, earnings per share were $ 0.01, with the quarterly loss being due to stock-based compensation (issuance of shares and options to employees), which is “extraordinary” accounting and non-operating.

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Plug Power – 1 billion US$ turnover 2024?

DHL Express has ordered 100 H2 Panel Van with fuel cell systems from Plug in spring 2019, delivery starts 2020
DHL Express has ordered 100 H2 Panel Van with fuel cell systems from Plug in spring 2019, delivery starts 2020, © DHL

Full-bodied it comes from the company Plug Power: In 2024, the company aims to exceed the US$ 1 billion sales hurdle and generate pre-tax profit of US$ 170 million. But there’s still a long way to go. First of all, it was possible to increase the billings (new bookings) by a good US$ 61 million in the third quarter and the annual turnover is expected to be between US$ 235 and 245 million.

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Tesla – Price bubble through Short Squeeze?

Cybertruck - with the usability of a truck and the performance of a sports car
Cybertruck – usability of a truck and the performance of a sports car, © Tesla

Tesla’s share price rose sharply from US$ 230 to over US$ 360 during the reporting period, after the third quarter did not close with a loss (consensus was a loss of US$ 1.31 per share), but on the contrary with a profit of US$ 143 million (US$ 0.78 per share GAAP). Cash holdings were also maintained at US$ 5.3 billion.

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The maritime sector discovers the fuel cell

Aqua
Concept for the Aqua Luxury Yacht, © Sinot

While hydrogen in the maritime sector has only ever been treated as an option for the future under “far away” for years, not only the events at which this energy source is the subject of lively debate are currently on the increase, but also the reports on concrete projects. More and more shipping companies are turning to hydrogen because the pressure to say goodbye to fossil solutions is growing from all sides.

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There will be FC mobility and an H2 industry

Prof. Angelika Heinzel
Prof. Angelika Heinzel, © ZBT

There is a lot going on in the energy sector at the moment. As a result of numerous activities and events – be it diesel scandals or CO2 pricing, driving bans or Fridays-for-Future demonstrations, flight shame or real laboratories – more and more players are committing themselves to more sustainability as well as to hydrogen as an energy storage.

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Iceland: From pioneer to laggard

Borehole for geothermal energy in Iceland
Borehole for geothermal energy in Iceland, © ON Power, Iceland.

Iceland was quick to recognise the opportunities offered by hydrogen and fuel cells for the transport sector – but has unfortunately made little of them to date. At the end of the last millennium, the Nordic island was regarded as a pioneer in the field of hydrogen, because it considered the vision of a sustainable hydrogen economy to be quite feasible.

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Positive influence of CO2 pricing

H2 production costs as a function of production quantity and investment total.
H2 production costs as a function of production quantity and investment total.

Synthetic gases will play an important role in the full supply of renewable energies for Germany’s energy requirements. The meta-analysis of [1] shows that, according to several studies, an electrolysis capacity of more than 100 GW is required in the future energy system in Germany. If such an electrolysis capacity is to be installed in the course of the next few decades, it will be necessary to ramp up the market in good time so that market-driven, reliable and inexpensive plants can be made available.

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