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Is the hydrogen share price bubble set to burst?

11/08/2020 · AFC Energy (AFC)  · Ballard Power Systems (BLDP)  · Bloom Energy (BE)  · Ceres Power Holdings (CWR)  · ITM Power PLC (ITM)  · Nel ASA (NEL)  · Nikola Corporation (NKLA)  · Plug Power Inc (PLUG)  · Pressure Technologies (PRES)  · Tesla (TSLA) 
AIM ESG Mega trends Trends UK US

We have kept a close eye on the soaring valuations of hydrogen fuel cell companies and are wary that investors could be in for a rude awakening if companies fail to deliver on the hype

While UK listed ITM Power (LON:ITM) and Ceres Power (LON:CWR) are the stand out performers on the UK market, the share price returns of US listed peers are even more impressive. When we covered US listed Plug Power Inc (US: PLUG) in March 2020 the shares were trading at $3. In four short months, when most of the world has been preoccupied by Covid-19, the shares have risen four fold to $12 lifting the market capitalisation to a staggering $3.8bn. Plug calls itself “the architect of modern hydrogen and fuel cell technology” and “the innovator that has taken hydrogen and fuel…

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