I’m a hydronaut. No, that’s not a term for an underwater astronaut, but a term Honda uses to describe me, as one of their Clarity Fuel Cell electric vehicle (FCEV) drivers on California’s road today. Between three automakers (Honda, Toyota, Hyundai) there are now over 7,000 (Aug 1, 2019) FCEV’s on the road.
The
surprising takeover of the Canadian competitor Hydrogenics will also
have a positive impact on Ballard Power’s stock market valuation:
Both companies have been frontrunners in FC development for many
years. Their activities overlap in rail vehicles and trucks. They are
both absolutely tops: Hydrogenics with Alstom and Ballard with CRRC
and Siemens. Ballard also has many other activities in the major
markets of the future, such as the use of fuel cells in drones.
The topic of hydrogen and fuel cells is also becoming increasingly hotly debated on the stock exchange. The takeover of Hydrogenics, the Canadian frontrunner in fuel cell systems for trucks and rail vehicles as well as for electrolysers, by the US company Cummins Engine, should make people sit up and even trigger a wave of further takeovers or participations of listed companies in the industry.
The reports are coming thick and fast: Chinese companies and some provinces are planning to initially invest US$17 billion in hydrogen technology. A master plan already provides for 1 million FC vehicles on the country’s roads in 2030.
If you hold this H2-international issue in your hands, we will know how FuelCell Energy will continue – whether it will continue: Chapter 11 (US insolvency) or reorganisation. What has happened? Enormous amounts of shares were traded daily by FuelCell Energy – on some days up to 150 million (computer arbitrage programs?). These were felt more than there actually are (reason: Conversion of preference shares). The interim price gain resembled an explosion, as there were even short-term prices of 1.00 US-$, while the price days before was still 0.13 US-$ (all, of course, under the aspect of the 12:1 reverse split).
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