Insights: Bullish Stocks
Hydrogen/Fuel Cell Stocks Are Bottoming -- Buy PLUG, BE, BLDP, FCEL, and NEL-NOClean energy stocks of all types (e.g., hydrogen/fuel cell, solar, lithium, EVs, etc.) display major bullish price and RS inflections, and we expect strength to continue in the months ahead. This report focuses on buy opportunities within the hydrogen/fuel cell space; we are buyers at current levels -- add exposure.
These companies are starting to get awarded with big contracts, and we expect that momentum to continue which will further fuel gains.
Most importantly, the technicals are confirming this clean energy story. Looking at the Vermilion Group TE-40 Fuel Cells/Lithium Batteries, we can see that price and RS have pulled back substantially YTD, and now exhibit bullish price and RS reversals; this is the time to pounce, and we recommend buying at current levels. These names are volatile and not for the faint of heart, which is why it is important to get in early and at a good entry point, before they start to move substantially higher... see chart below.
Related ETFs have only been trading for a handful of months, but display bullish price and RS inflections. These include the Global X Hydrogen ETF (HYDR) and the Defiance Next Gen Hydrogen ETF (HDRO)... see chart below.
In today's report we highlight our favorite technical setups in order of attractiveness, all offering compelling and timely opportunities to add exposure to at current levels. Buy: PLUG, BE, BLDP, FCEL, and NEL-NO... see pages 2-4.
Ballard Power Systems is engaged in the design, development, manufacture, sale and service of proton exchange membrane fuel cell products for a variety of applications, focusing on the power product markets of Heavy-Duty Motive (consisting of bus, truck, rail and marine applications), Portable Power, Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services, technology transfer and the license and sale of Co.'s intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications. A fuel cell is an electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity.
Bloom Energy designs, manufactures, and sells solid-oxide fuel cell systems, or Energy Servers, for on-site power generation. The company's Energy Servers utilize a fuel cell technology. The company's solution, the Bloom Energy Server, is a stationary power generation platform. The Bloom Energy Server converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.
FuelCell Energy is engaged in delivering distributed baseload power solutions. The company develops distributed power generation solutions and operates and provides service for the life of the power plant. The company's primary fuel cell products provide power generation for customers, including the sub-megawatt SureSource 250? and SureSource 400? in Europe, and the 1.4 megawatt (MW) SureSource 1500?, the 2.8 MW SureSource 3000?, and the 3.7 MW SureSource 4000? globally. The company's power plants utilize a variety of available fuels to produce electricity electrochemically, and produces none of the particulate pollutants associated with combustion-based power generation solutions.
Plug Power is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen and fuel cell systems used for the material handling and stationary power markets. The company's products and services include: GenDrive, which is a hydrogen fueled proton exchange membrane fuel cell system providing power to material handling electric vehicles, electric forklifts and ground support equipment; GenFuel, which is a hydrogen fueling delivery, generation, storage and dispensing systems; and ProGen, which is a fuel cell stack and engine technology that used in mobility and stationary fuel cell systems, and as engines in electric delivery vans.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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