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Thank you Satellite Pro for sharing your Hydrogen Fund earlier in the week.
Today have spread things around a bit more and added Cummins, Hyundai, Nikola,and Bloom Energy to my hydrogen fund mix. I now feel I have most posts covered across 12 companies.
One thing is for certain there are some great companies out there that are going to benefit from the major hydrogen industry growth over the next decade and beyond. I still believe ITM will be one of the long term stars, it's certainly enabled me to diversify and spread the risk about.
Liking the look of the Bloom Energy news release today for anyone who may be interested below is a good read.
https://www.businesswire.com/news/home/20200715005286/en/Bloom-Energy-Announces-Initial-Strategy-Hydrogen-Market
I don't recall Bloom being tipped here before. Our radar must be faulty! SP shot up today.
As well as Bloom entering the market, Hygear a company based in Holland has just entered a distribution agreement with Perec, a Chinese electrolyser supplier .
https://hygear.com/news/hygear-partners-peric-to-supply-water-electrolysers/
If you have invested into Nikola, have you done the research on them? Their pre-orders are worthless because none of the truck companies have put down a deposit. Also, hydrogen trucks are way more expensive to run than electric ones. Tesla will take market share of the truck business. Nikola haven't proven they can scale, which is the hardest part for an unproven company. Tesla is cheaper to run and has the scale, and they are building several new giga factories across the world.
Until Nikola can prove their business is viable, I don't see the point in investing in them. They are going to need billions to build the infrastructure.
dsc - while I agree with you that Nikola is a sketchy company until they can prove their viability, I don't agree that Tesla will take and hold the market share for trucks (or any EV company for that matter) - Hyundai have already started shipping H2 trucks while Tesla's semi is still a prototype.
Yes electric is cheaper to run currently than hydrogen because H2 is still in its infancy and will take some time and money for the infrastructure to be put in place ...
However, the infrastructure isn't in place for realistic large scale EV either - while there are growing numbers of recharge points around the country, there is no where near enough to handle most people having electric vehicles that need charging, secondly the recharge speed is no where near sufficient for trucks - Musk keeps claiming the semi can be charged in 30 minutes, however with the current fastest chargers available the Model 3 takes 30 minutes to charge from 0-80% ... which means with the current infrastructure an electric truck would take over 2 hours to charge, and to a haulage company time is money.
Also don't forget that electric vehicles don't scale in size well, it might work ok for cars but by trucks you are already reaching a point where the weight of the battery needed to power it makes it close to unfeasible - you couldn't have large ships or aircraft traveling around the world on batteries because they would sink under their own weight - but you can have them on H2.
I think rechargeable EV's will be a short term quick fix to cut global emissions while the hydrogen infrastructure is built up, but once H2 is being produced on a large scale there will be a big shift to it.
Dsc. Last summer the times had sell tesla to $210.00.
My oh my how tech changes.
Do not write off the new tech or the fact Nikola Trucks are the only thing they are currently doing.
Just saying , plenty going on and plenty of £$¥ going in to fund several expansion strands.
Not having a go at Tesla either, a FANTSTIC man who wants to change the world with imagination, drive and skin thicker than Kevla.
Anything which makes a positive application for humankind is fine with me and I would guess most on here have part of our hearts pinned on a world made better for all our children. Its bad enough as it is without climate change.
I wish all the companies you name blast a hole in fossil fuel use !
Agree. I was p@ssed the day NKL opened as I didn’t buy at $40. They hit $80 before dropping slightly. Look at them now. It was a day light robbery moment, IMO, now gone!
Tesla- interesting. Worth more than Toyota but they make no £!! Something surely has to give... and when it does it will make the dot com bubble look like fairy liquid! Far too late IMO/ though look at early Monday trading !
dsc, sometimes you have to take a bit of a punt.
Nikola have started to take pre-orders and their factory built is due to start this month.
A strong buy recommendation from J.P Morgan was a good read.
The price looks a bit more realistic than it did just after it floated.
ITM was quite a punt 5 years ago when I first invested, sometimes you have to take risks, and yes not all come in.
I am happy with the size of my investment in Nikola, just like ITM was 5 years ago it was small, but here I am over 2000% up on ITM, I can afford to take a small punt off the back of that on something risky.
I believe that FCEV will win the battle on the larger commercial vehicles. The weight of the batteries will be far heavier than the Hydrogen tanks and fuelcell and that will eat into the payload of vehicle.
Time will tell as they say.
DSC we live in a crazy world. Steady old Hyundai is already shipping fuel cell trucks and yet a newly launched company that has not even built a factory to start making them has an instant market cap of $19bn and that's in the middle of a pandemic. Herd mentality is a powerful force! So is ITM overpriced? Probably not if the herd thinks otherwise....... but then herds are very unpredictable....
Psmith perfectly reasonable to take a punt on other people's irrationality....that is what you do with a share like Nikola and plenty make good money from it. High risk but when you are spending profits it doesn't hurt so much if it goes wrong and icing on the cake if it goes right. Good luck!
Agree re the upscaling of EV charging. I did the Landscape design on the new Chester Bus Interchange. At one point the council we looking to have rapid EV charging point for buses to charge in three minutes it soon got canned, as needed 2 cable ducts as thick as my thigh and a substation the size of a small house. Although Tech is no doubt better than 4 years ago it was still for just one quick re-charge station. The grid isn't suited or ready for mass EV roll out (cars or trucks), when you look at the upgrade in infrastructure required H2 is a far cheaper and quicker upgrade option. Also in Cheshire, all the old salt mines are pretty much a ready made H2 Storage facility. Just wish the penny would drop with Bojo and his cabal of F**kwitts.
Tesla are more than a car company, they are the complete green solution in battery and solar energy, and have proved their viability. Their sales are continuing to rise, and once they get into the £25,000 car market, it's going to be a big problem for the other manufacturers. Its long term debt isn't as bad as the mainstream car companies. The valuation is high, but it might be considered cheap in 5 years - the market is usually irrational. :-)
As a punt, sure, even I would gamble on it for a day, but a long term investment? Not seeing it yet, not until they have made actual progress on the infrastructure and the hydrogen stations. They have no actual orders, orders worth any money, just vapour. I hope I'm wrong, I want them to succeed.