I am following hydrogen stocks for some months. ITM Power looks like one of the most stable in my portfolio. Went a bit down during Covid-19 sell off, but almost recovered to previous price. Guess we will see a 52W high in a few weeks from now.
Nikola Motor (VTIQ) taking off today. 20% up at this moment to 17.95. Going to be big this stock. Next two years are filled with orders for hundreds of hydrogen trucks.
@chantal What do you think for ITM Power now? It keeps rising but I am not sure whether it is too overvalued (not due to the stock price but the recent rise, e.g. 83% in one month).
I already had stocks from couple of renewable companies, added some ITM stocks to my portfolio with some cautious last week (thanks to your post it got my attention). It is still rising despite small fluctuations.
I usually believe in new technologies and advancements, I also think that renewable energy sources including hydrogen have big potential. So, my cautiousness is not about the company’s (or in general this field’s) future but rather its valuation.
Apparently I am not very sure about this stock I am interested in what others think about it.
Hydrogen is the future. So you can get it in now extra cheap. I also own VTIQ, FCEL, CWR and ACF. PLUG and BLDP closed positions. ITM is working together with Shell in multiple countries. Good sign if you ask me. FCEL is working together with ExxonMobile in the US and The Netherlands (Port of Rotterdam)
Thank you for the suggestions. I will look into these in detail. It is indeed a good sign that ITM cooperate with Shell and apparently Linde has some minority holding.
Adding a US based/focused company into my holdings might be nice to increase geographical exposure, but I guess Europe would be ahead of US to widely accept and use hydrogen power.
You dont need to pay for a preserve. If I wish I can just go to their website and say I want 50k trucks and they will count it as a reserve… Be careful with these practices.
An interesting one that a friend brought to my attention is Powerhouse Energy - PHE. Essentially, they have a new technology that converts waste plastic into syngas from which they can extract hydrogen either for producing electricity or fuel cells.
It really appeals to my desire to invest in green technology (cleaner energy & better disposal of plastic waste - win win). UK company too.
IMO PLUG hasn’t a big impact. You see it in the SP. Had a small position in BLDP, but I expect the same. Not a huge impact. Companies who produce electrolysers have the most potential. Nel, ITM, FCEL.
I am interested in what others think about it.
