Member Info for RAS12

Citi group upgrade ITM, Nel and Ceres power on EU moves to reduce energy dependence.

Hi PM444,
I understand this fund has invested in unquoted companies so far and has no exposure to Nel, ITM , Ceres...
I think this would explain its muted response

Unable to trade... no quote for buy or sell at the moment

I see credit suisse has slashed target price on ITM to £2.35 citing pricing power weakness. I presume this is having a knock on effect at Nel. Feel I'm missing something here.... all the geopolitical stars are aligned in hydrogens favour and yet the share price remains weak

Hi MO,
I'm not sure what else there's to say. The key details as discussed was the potential pipeline which is fantastic. I helped myself to some more. They are a steal

Further large director purchasing. Only able to sell . No quote for buying any amount

As others have alluded to ... the pipeline here is the key. It's inconceivable they won't convert at least 1/3 of these (industry average). It's quite conceivable to convert 50% . The company clearly has faith in their products and frankly they are the only manufacturer who can at produce at scsle.ITM are about 18/12 behind and from my understanding don't have the potential manufacturing capacity of Nel ( this is a judgement not a face)
My only concern regarding Nel... is what am I missing? Why are institutional investors thinking so differently? Then again I was flabbergasted when Shell hit £9 and Bp went sub £2... I filled my boots and just sold. They were a screaming buy as was Lloyds sub 30p (still holding). So despite the resources they have .. analysts miss stuff. My guess is they are missing here

Share price unmoved. Tight margins offsetting order book maybe?
Pipeline as outlined by MO .. potential 12 B US. Assuming 1/3 of pipeline becomes a firm order that's still v encouraging

I agree may not be jam tomorrow but hydrogen economy stocks can really fly on positive news ... see ceres power recently.
Like MO I'm in for the long term. This feels so much like internet stocks in the last 90s. This decade will see big winners in new energy, biotech and machine learning

Just added a few more (2475) which takes my holding to 22000 shares. Whether it's tomorrow or 6 months this will move. If big oil is really serious Nel would be a great fit ( small change with oil profits atm) You get electrolysers and refuelling together.
The geopolitical situation sadly can only be v favourable too

Thanks MO,
This is my 3rd biggest holding and I share your enthusiasm. I am an angel investor in 2 hydrogen start ups and the consensus amongst the teams is that Nel electrolysers are the tops.
I've just been on the Hexagon website and the results are v encouraging. I understand Nel are a partner but do you know if they have retained a holding in Hexagon?
Good luck to all holders for tomorrow

Thanks for input MO. As ever v interesting reading. Can't wait for Wednesday

That’s really interesting and very exciting. Nel clearly a different beast. Fingers crossed for results next week

Hi MO, agree Nel would be a snip for big Oil. I'd love to understand what Clearstream bankings strategy is for Nel ( their biggest shareholders I think)
However the hydrogen produced by electrolysers isn't suitable for fusion I don't think

Solid upwards movement today following positive news from Ceres. ITM also up ... Hopefully this will see a re rating to the sector

Keep ‘em coming MO. Hopefully results next week will ask as a catalyst for a move upwards….
ITM trading in a similar fashion

Thanks once again MO. In same article RBC reiterates buy with 22K target (Goldmans 17)

Major Oak… selfish I know but I too would ask you to reconsider. It’s unusual that so many holders/interested parties have taken the time to post all I may add unanimous in their appreciation of your research. I too share your view that this is way oversold. Hydrogen used to account for up to 40% of the gas mix in town gas and this is by far and above the easiest way to cut down emissions. However to get to 40% we’re going to need a lot and I mean a lot of electrolysers to produce that amount of green hydrogen. No company can be better placed to exploit this opportunity than Nel

Thanks Major, you have been a huge asset to the Nel chat. I too will be sorry to see you go and can only echo the sentiments already expressed. All hoping for good news on the 16th. My very best wishes to you.

Puzzled by this share. Barely moved last few months having trickled down from 33p (directors bought heavily at 30). Trading update pretty good and yet zilch. Business apparently going v well in USA. Has anyone any ideas why this has become such a damp squib