How quickly things can change. Just a few months ago, FuelCell Energy [Nasdaq: FCEL] risked bankruptcy due to questionable financial practices. With the help of a highly committed and successful consulting firm, the business then righted the ship. At one point, its price soared from around USD 0.13 to an intraday high of over USD 4.00 as it saw its market cap jump from USD 40 million to USD 500 million. The latest stock crash then put an end to it all and the stock took a nosedive, finishing below USD 1.00. It will certainly take some time before the price averages out to reflect business growth.
Bloom Energy stock rose for a good while, to around USD 14, before falling dramatically. The plunge was a result of the company’s relatively weak performance in the fourth quarter of 2019 and the same-quarter restatement of managed service agreements entered into between 2016 and the end of last year. Instead of over the duration of the contract, the revenue for managed services transactions had been recognized upfront.
In the previous H2-international issue, I wrote that the price rally from USD 250 to more than USD 430 already represented a short squeeze. However, I was quickly disabused of that notion when I saw Tesla’s stock hitting an intraday high of USD 1,000 before pulling back in recent weeks.
Following an influx of new members, the Hydrogen Council has seen its influence grow around the world. In mid-January, the association said several global players, including Chevron, ElringKlinger, Mann+Hummel, McDermott and Nikola Motor, had joined the council in supporting roles. Its steering committee had also grown by five new members, namely CNH Industrial, Michelin, SaudiAramco, Schaeffler and Siemens. And another five, all of which operate in the finance sector, have formed an investor group. The organization’s membership total now stands at 81.
In an international collaboration, scientists have developed a kind of “bio-fuel cell” that can be worn directly on the body and supplied with energy by sweat alone. At the end of September 2019, French researchers from the Département de Chimie Moléculaire (DCM), a research unit comprising CNRS (National Center De La Recherche Scientifique) and the Université Grenoble Alpes, together with …
Freudenberg Sealing Technologies (FST) is regarded as one of the pioneers of fuel cell technology, at least in Germany. The globally active seal manufacturer is one of those automotive suppliers who see the far-reaching changes in the mobility sector as an opportunity. With the purchase of battery manufacturer XALT Energy and parts of FC supplier Elcore in 2018, the basis was laid.
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.