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Plug Power buys Giner ELX and United Hydrogen

Plug Power buys Giner ELX and United Hydrogen

by | Oct 16, 2020 | worldwide

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

Hydrogenics – Cummins Engine acquires the company

by | Oct 13, 2019 | worldwide

The topic of hydrogen and fuel cells is also becoming increasingly hotly debated on the stock exchange.

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.

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Tesla – strong price reaction after sharp slump

Tesla – strong price reaction after sharp slump

by | Oct 13, 2019 | worldwide

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.
Model Y, © Tesla

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.

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Hydrogenics versus ITM Power

Hydrogenics versus ITM Power

by | Apr 4, 2018 | Europe, North America

Simon Bourne

Simon Bourne in the ITM container, © 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. (more…)

Plug Power takes over HyPulsion

by | Nov 5, 2015 | worldwide

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 all of the shares in its former partner Axane, a subsidiary of the gases company Air Liquide. The New York-based manufacturer of fuel cells paid US-$ 11.5 m. for 80 % of the shares. In 2012, Plug Power and Axane joined forces to form HyPulsion, primarily with the goal of kick-starting the market for fuel cell forklift trucks. Andy Marsh, managing director of Plug Power, made the following comments: “We are now moving ahead with optimism to extend our presence in the European materials handling market. […] I am pleased that our collaboration with Air Liquide for the further development of the hydrogen sector in Europe is continuing.”