New Job - Time short now21 Jul 2020 08:50
For those who saw me open up the posting on this company and start listing daily news regards NEL world wide, I have started a new job which needs much more time, so I am unable to post anywhere near as much.
I have NEL as my long term hold v most others as they are solid, world wide, have a good cross sector customer base forming , the worlds current largest supplier of electrolysers and a solid Norweigen mentality to making money. No glory hunting here, just heads down and get on with supplying.
Order book in 7 weeks went from £45 million to by my account near £95.5 million. Not bad for a two month newsflow.
US Government DoEnergy right behind the R&D and have put in nuclear sub orders for the Navy and with the testing on nuclear facilities starting now to covert them from coal to hydrogen gas power across the US in the mid term , I feel safe that the US market and backed the the US government is a solid deal.
South Korea need another 70+ in one order.
Australia is looking like the next big push after Hyundai supplied the hydrogen car fleet to Canberra and NEL supplied the electrolyser , now actively working. I would suggest Hyundai will want market share and now this new start up hydrogen car company have announced cars in Oz , I expect this to rapidly be ramped up to keep the early start advantage by Hyundai.
Nikola Corp are to start selling the car Badger in Oz in the next 12 months and if the US deal in excess of $30m cash to start up the supply chain across the US for turcking, I would guess a similar view would apply to networks here from Nikola as they adopt the Tesla strategy of grabbing the problem by the neck and cracking on as fast as possible to get to optimum production supply asap.
Anyway, I will be around here for a good few years. Just because I am not posting doesn't mean I do not hold.
NEL is my biggest holding ! Solid and steady. Just buy the dips is my rec.