That Tesla chief Elon Musk would, one way or another, place his trust in Bitcoin was to be expected. He had already stated his interest and his enthusiasm for the cryptocurrency many times in the past and had previously considered switching the whole of his corporate financing to this digital money format. Words turned to action, with Tesla investing USD 1.5 billion in bitcoins.
The hammer fell on Nov. 30, 2020. General Motors will not buy into Nikola. But according to the new memorandum of understanding, GM still wants to work with Nikola on battery and fuel cell technology. Consequently, the Badger pickup truck will not emerge from GM’s assembly line as planned. And the originally projected USD 2 billion investment is also rendered moot. As a result, Nikola stock plummeted.
It may seem contradictory, since joining an important market index is a very good thing, requiring funds to adjust their holdings. In Tesla’s case, I see at least USD 8 billion would have to be invested through them. I tend to doubt this will automatically lead to a massive increase in valuation. Index funds may already have positions based on a variety of investment vehicles, such as options that can be turned into shares without any relevant influence on the price. Perhaps out of pure contrariness, the stock could turn sour when things are looking their best because analysts, investors and the media see only rising prices, completely ignoring the risks.
H2 Energy, a Swiss corporation based in the Glattpark industrial area in Opfikon, near Zurich, is gradually expanding its reach. CEO Philipp Dietrich said that the company would now concentrate its efforts on the German market. In mid-January, it formed a joint venture with Global Automotive Partners. Reportedly, the new business, called H2 Energy Deutschland, will sell renewable hydrogen produced in Pliening
The Trump government’s move toward fossil fuels has intensified in the fourth quarter. The Energy Information Center is primarily intended for power plants that are to receive a certain electricity price in order to be able to guarantee base load protection. The Environmental Protection Agency (EPA) is committed to revamping and eliminating the clean power plan.
FuelCell Energy’s stock went into free fall: Within a few days, the company’s shares had lost half of their value. Management didn’t even see the need to comment on the price drop for some time. On Dec.1, 2016, the Canadian business finally broke its silence and announced in a business update that it was letting go staff to adapt to new and lower projections of annual megawatt power closer to 25 than 50 MW. The move is reported to cut costs by USD 6 million each year.
At first glance, the figures for the first quarter of 2015 turned out to be disappointing: a loss of US$11.1m. with a turnover of US$9.4m. (+ 69% compared with the same quarter in the previous year). However, Plug Power (PLUG, US$2.65) has also succeeded in generating an orders backlog of US$160m. (US$46m. in the 1st quarter, goal for this year: US$200m.). 265 GenDrive systems have been accounted for, while the accounting for a further 419 has been delayed to the second quarter. One H2 filling station has been accounted for while seven are to begin their duties in the second quarter (2014: 10 H2 filling station installation, there are to be more than 15 in 2015). As stated by the executive team during the telephone conference, the turnover is set to