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What an opportunity to buy at this price then sell at £16 very quickly
It was only two days back a personal opinion of a potential cliff edge moment with CWR was critiqued with a hammer, but this recent 2 day drop represents how such times arrive without notice.
On the plus, this is a clear buying opportunity CWR is a long run return. Just my opinion though.
DireEmblem
Ceres - 100%
ITM - bad news.
No, carried on below 1200 - has to be a bargain now.
Looks like its bounced at around 1212
Heading down towards 1200 now - time to start thinking about buying.
Stationary Fuel Cell Market Is Thriving Worldwide
27.1.21
Https://neighborwebsj.com/uncategorized/1938133/stationary-fuel-cell-market-is-thriving-worldwide-panasonic-toshiba-siemens-fuji-electric-posco-energy-bloom-energy-jx-nippon-fuelcell-energy-ballard-power-plug-power-doosan-purecell-ameri/
Hold don’t fall for the mms games if they smell panic sells they will just drop it further great get in price
ITM is a far more speculative share to hold than than Ceres.
Ceres has been frugal with capital spending - ITM just the opposite - if ITM slip up, they become a cheap takeover target.
Bought back at 1,329. Fundamentally believe in the business and don't normally duck in and out but expected ITM to take a hit today (based on estimated income problems) and Ceres to follow.
The bottom could be as low as 1200 but I think that we will see strong buying when it gets below 1300.
andrbea
Today's fall is simply a readjustment - the SP went up too quickly to be sustainable - Ceres is a great company but when the market cap rises above what its worth in the real world then a fall is eventually inevitable.
I sold 1/2 my holding yesterday (and 1/2 ITM) to 'protect' against a possible fall today but wasn't expecting this big a drop, trying to find the bottom!
In right sector but me thinks valuation got ahead of its self
Stationary fuel cells
several projects ongoing in the US, all looks well
so the red wave at CWR is difficult to understand
But then again, institutions will load up, and take shares off nervy punters, as always
27.1.21:
General Motors Co. (NYSE: GM) will use two Hydrotec fuel cell power cubes as the power plant replacing the RH Series diesel engine. Each power cube contains 300 fuel cells with thermal and power management systems.
Mobile hydrogen producer OneH2 will make the fuel by steam reforming of methane gas.
J.B. Hunt Transport Inc., a unit of J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), will test the trucks on yet-to-be determined dedicated routes.
“After investigating all the alternatives, we are coming up with a model we believe can be highly successful, which is this decentralized way of distributing hydrogen at an affordable cost and enable a longer range for vehicles operating in long haul,” Navistar CEO and President Persio Lisboa said on a media conference call Tuesday.
Cummins partnership continues
Navistar recently announced a hydrogen fuel cell testing program with its longtime engine manufacturing partner Cummins Inc. (NYSE: CMI) to build a fuel cell truck for testing by Werner Enterprises (NASDAQ: WERN).
The addition of a hydrogen fuel provider distinguishes Wednesday’s announcement from Navistar’s earlier collaboration.
“It is probably the most-integrated solution in the market in North America,” Lisboa said.
“Hopefully it’s going to gain scale enough that it’s going to enable the nationwide infrastructure of hydrogen.”
Navistar is taking a minority financial stake in Longview, North Carolina-based OneH2. Lisboa declined to disclose the amount.
Coincidentally, Cummins said Tuesday its 20-megawatt proton exchange membrane (PEM) electrolyzer began generating green hydrogen in late 2020. The system at an Air Liquide hydrogen production facility in Becancour, Quebec, can produce more than 3,000 tons of hydrogen a year using hydropower.
Leapfrogging the competition?
Just as it did last fall in announcing a partnership with autonomous software startup TuSimple to bring a Level 4 autonomous truck to market by 2024, Navistar appears to be pushing to be a market leader in fuel cells.
Larger competitors Daimler Trucks and Volvo Group formed a joint venture last year aimed at building fuel cell trucks and stationary fuel cells for data centers by late this decade. Toyota (NYSE: TM) and Kenworth Truck, a PACCAR Inc. (NASDAQ: PCAR) brand, are testing a few Class 8 T680 models equipped with fuel cell stacks from Toyota Mirai passenger cars.
Startup electric truck maker Nikola Corp. (NASDAQ: NKLA) plans to have a couple of fuel cell trucks in testing with Anheuser Busch InBev S.A. (NYSE: BUD) in 2022. Nikola also plans to build a network of hydrogen fuel cell stations. Each station could cost $17 million, according to the company’s investor deck.
Https://www.freightwaves.com/news/n
There is no reason for this
Drop but the thieving corrupt mms bar starts can and will do this to panic sellers on 10 and 20 day settlements so causing panic selling stop losses mms pick up cheap shares
Good buying opportunity ahead but it hasn't stopped falling yet.
A real test for the SP today but Ceres remains a strong long term hold whatever happens in the short term.
pps up 5%
they don't seem too worried by the sector news from Scania
np Chilting, better to get the news out for consideration/possible explanation twice than not at all
Gruffell
I wouldn't be to worried about Ceres - at least in the long term - its still a definite long term hold.
ITM looks like a strong sell - anything that disrupts orders to the new factory has to be bad news - even or maybe especially in the short term.
I got my answer for Ceres and ITM and it is Scania.
Much better than some vaguely abusive slurs on my intelligence
Sorry AquaeSulis I didn't see your post until after I posted.
Many investors seem oblivious to this news or don't understand the potential implications - rather worrying I think.
I don't Weichai will reduce their holding, they would be more likely to sell it to another player - maybe Bosch.
Wonder if this lies behind the drop; maybe weichai have reduced holdings? May also explain the drop in ITM who are more focused on transport rather than stationary power?
https://www.rechargenews.com/transition/blow-to-clean-hydrogen-sector-as-major-truck-maker-rules-out-h2-for-long-distance-transport/2-1-951345
Easy Gruff - u have to remember that every seller has a buyer too ! reported sells and buys can be a really poor indicator