Plug Power stock is resilient. On the plus side, Plug [Nasdaq: PLUG] completed its USD 123 million acquisition of Giner ELX and United. It will allow the company to not only produce hydrogen but also start making electrolyzers. As I often noted, this kind of deal would be needed for an upward trend in Plug’s price. Moreover, the fuel cell supplier announced that it had received several sizeable orders, including a recent one from a new UK customer, Asda, a Walmart subsidiary.
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Hydrogenics – Cummins Engine acquires the company
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.
Tesla – strong price reaction after sharp slump
170 US dollars, a good 30 US dollars lower than I had expected (200 US dollars), marked the lowest price of Tesla’s share in the recent past, before the strong rebound to over 260 US dollars – until the disappointing figures for the second quarter of 2019 started the reverse.
Hydrogenics versus ITM Power
Canadian producer Hydrogenics (Nasdqaq: HYGS) and British manufacturer ITM Power (London: ITM) aren’t entirely comparable, but they use similar technologies. There are some commonalities in the form of power-to-gas projects, hydrogen stations and powerful electrolyzers to generate the gas. Their market caps aren’t as far apart as I would expect based on the number and contract value of bookings. Both stocks have experienced severe price drops.
Plug Power takes over HyPulsion
The HyPulsion joint venture has now been owned in full by Plug Power since August 2015. As announced by the American (USA) company on July 27th 2015, it has acquired … Read more
Current Stock Market Analysis of North American FC Shares
At first glance, the figures from some of the North American fuel cell companies by the end of March 2015 have proved to be disappointing. The reason that Ballard Power, Hydrogenics and Plug Power have come up with figures which failed to correspond to expectations are the high quarterly variations in relation to the accounting of orders which are complete as well as ones which are still being processed and settled. On the second glance