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☆ Risky bet in this global hydrogen fuel cell maker could net investors 160%, says RBC
▼ + stars: | 2024-06-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of AFC Energy , a provider of hydrogen-fueled power generation technologies, is expected to more than double over the next year, according to RBC Capital. The London-listed company, founded in 2006, makes a range of proprietary hydrogen fuel cell systems aimed at off-grid and remote power generation for construction, mining, and transportation industries. U.K. shares are generally priced in pence, with 100 pence equal to one British pound ($1.28). The 30-kilowatt generators consume hydrogen for fuel and will be available to customers in the U.K. through its joint venture with equipment hire firm Speedy Hire . The three-year deal with Speedy Hire — under its Speedy Hydrogen Solutions brand — will target U.K. and Irish construction and emergency power markets.

Persons: Erwan Kerouredan, Victoria McCulloch, Saudi Arabia's Organizations: AFC Energy, RBC Capital, RBC, AFC, Saudi, Speedy Hire Locations: London, British, United States, Germany, East, North Africa, Saudi

☆ These are the stocks hedge funds are betting the most against with S&P 500 at this lofty level
▼ + stars: | 2024-02-13 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

There is a significant amount of short interest in B. Riley Financial at 62.8% of the stock's float, or 10.4 million shares as of Jan. 31. Fisker has seen short interest continue for several weeks now. During the latter half of January, short interest remained flat but still amounted to 53.5% of the company's stock float. Short interest accounts for nearly a third of Blink Charging's total stock float. Shares of SunPower have fallen 25% this year, while Plug Power has lost more than 8%.

Persons: SunPower Organizations: Dow Jones, Nasdaq, CNBC Pro, New York Stock Exchange, Nasdaq Exchange, Riley, Street, Franchise, Riley Financial, Fisker, EV

☆ GM, Honda begin U.S. fuel cell production in step toward replacing diesel
▼ + stars: | 2024-01-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

An employee assembles a fuel cell system in the module final assembly at Fuel Cell System Manufacturing LLC, GM and Honda's fuel cell joint venture in Brownstown, Michigan. BROWNSTOWN, Mich. – General Motors and Honda Motor have begun commercial production of hydrogen fuel cell systems in a step toward offering alternative zero-emissions solutions beyond battery-electric vehicles. The fuel cell systems are produced through a 50-50 joint venture between the automakers at an $85 million facility in suburban Detroit. The companies, which are marketing and selling products separately, are calling the "large-scale" production at the joint venture the first of its kind in the U.S. And now we can start to move it into these segments where before it wasn't really feasible," Charlie Freese, executive director of GM's "Hydrotec" fuel cell products, told CNBC during an event at the plant.

Persons: We're, Charlie Freese Organizations: Cell System Manufacturing, GM, –, Motors, Honda, Fuel Cell System, CNBC Locations: Brownstown , Michigan, BROWNSTOWN, Mich, Detroit, U.S

☆ Stocks making the biggest moves after hours: Discover, Alcoa, Talos Energy and more
▼ + stars: | 2024-01-17 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Discover Financial Services — Shares dropped nearly 7% after Discover Financial Services reported fourth-quarter results. The financial services company reported quarterly revenue of $4.20 billion that topped estimates of $4.10 billion, according to analysts polled by LSEG. Alcoa — Shares dropped nearly 3% after the aluminum producer reported fourth-quarter results. Alcoa posted a narrower-than-expected adjusted loss of 56 cents per share, compared to an expected loss of 86 cents per share, according to analysts polled by LSEG. Talos Energy — Shares of the oil and gas company dropped 5% after Talos Energy issued fourth-quarter revenue guidance in the range of $380 million to $395 million, compared to the $393.5 million expected by analysts polled by FactSet.

Persons: Fuller — H.B, Fuller Organizations: Discover Financial, Discover Financial Services, LSEG, Alcoa —, Alcoa, Talos Energy, FactSet, QuarterNorth Energy, Riley Securities Locations: LSEG .

☆ Why the hydrogen tax credit has become a lightning rod for controversy
▼ + stars: | 2023-10-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +16 min

The proposed tax credit, 45V, is meant to turbocharge the production of low-emissions hydrogen. "The IRA's section 45V production tax credit is the most generous clean hydrogen subsidy in the world," Jesse Jenkins, professor of macro-scale energy systems at Princeton University, told CNBC. John Macdougall | Afp | Getty ImagesThe adjudication of the hydrogen tax credit has become about more than just the hydrogen tax credit, too. The amount of the hydrogen tax credit, which is available for 10 years, depends on the emissions generated in making hydrogen. If hydrogen is produced without releasing any carbon emissions, the tax credit is maxed out at $3 per kilogram of hydrogen.

Persons: that's, It's, Jesse Jenkins, John Macdougall, Wilson Ricks, Jenkins, Ricks, Rachel Fakhry, electrolyzers, Andriy Onufriyenko, Eric Guter, Josef Kallo, H2FLY, Guter, Phil Musser, Shannon Angielski, Angielski, Shi, Fakhry Organizations: Istock, Treasury, Princeton University, CNBC, Daimler Truck Holding, Afp, Getty, Energy, Research, Princeton, Natural Resources Defense Council, Power, Singularity, Air Products, Bloomberg, Air, Products, Hydrogen Company, European, EU, NextEra Energy, Hydrogen Future Coalition, BP, Duke Energy, Exxon Mobile, General Electric, Siemens Energy, American, Shell, Hydrogen, Coalition Locations: Biden's, United States, U.S, Berlin, additionality, Maribor, Slovenia, Oxagon, Saudi Arabia, Wilbarger County , Texas

☆ Japan to allocate $205 million to support electric aircraft systems, Nikkei reports
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Oct 8 (Reuters) - Japan will subsidize hydrogen fuel cell systems and other equipment to the tune of 30.6 billion yen ($205 million), the Nikkei business daily reported on Sunday. The government's decision is aimed at supporting the development of components for electric aircraft with reduced carbon dioxide (CO2) emissions, the newspaper said. The trade ministry is expected to present the policy at a working group of the ministry's council, it said. The government will allocate 17.3 billion yen for the development of hydrogen fuel cell systems for aircraft, and 13.3 billion yen for the development of fuel-efficient engine control systems, the Nikkei said. ($1 = 149.3200 yen)Reporting by Kaori Kaneko; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Kaori Kaneko, Robert Birsel Organizations: Nikkei, Thomson Locations: TOKYO, Japan, ministry's

☆ Tiger Cub hedge fund Coatue trims Nvidia exposure, hikes bet on Microsoft
▼ + stars: | 2023-08-14 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Coatue Management's Philippe Laffont trimmed his exposure to top holding Nvidia in the second quarter, while raising his bet on Microsoft, according to the firm's latest 13F regulatory filing to the SEC. Laffont, a so-called Tiger Cub for previously working under Julian Robertson at Tiger Management, showed in a Monday filing that Coatue trimmed its stake in Nvidia by 6.7%. Instead, Coatue raised the size of its position in its No. 2 holding, Microsoft — another key AI beneficiary. Electric vehicle play Separately, Laffont raised his bets on the future of electric vehicles.

Persons: Coatue Management's Philippe Laffont, Cub, Julian Robertson, Coatue, Laffont, Nikola Organizations: Nvidia, Microsoft, SEC, Tiger Management Locations: Amazon, ChargePoint

☆ Bosch ups investment in hydrogen, begins fuel-cell power module production
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

The planned investment was one billion euros more than earmarked in its previous investment plan for 2021-2024, the statement added. Bosch expects one in five new trucks weighing six metric tons or more would feature fuel-cell powertrains by 2030, it said. Bosch said production of its fuel cell power module - a fuel cell system generating electricity in vehicles from hydrogen, primarily used in commercial long-distance applications - has begun in its Stuttgart-Feuerbach plant in Germany and in Chongqing, China. Daimler Truck (DTGGe.DE) plans to bring a hydrogen truck to market in the second half of the decade, forming a joint venture with Volvo (VOLVb.ST) to develop the zero-emissions technology. Automaker Stellantis said this year it would begin deliveries in Europe of its first medium-sized vans powered by hydrogen fuel cells by the end of 2021.

Persons: Bosch, Stefan Hartung, Feuerbach, Stellantis, Victoria Waldersee, Ilona Wissenbach, Emelia Sithole Organizations: Bosch, Nikola Corporation, Daimler, Volvo, Volkswagen, Thomson Locations: BERLIN, Stuttgart, Germany, Chongqing, China, American, Europe

☆ TipRanks reveals the top 10 consumer goods sector analysts of the past decade
▼ + stars: | 2023-05-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized Wall Street's 10 best analysts in the consumer goods sector for identifying the best investment opportunities. TipRanks used its Experts Center tool to identify the pros with a high success rate, and analyzed each stock recommendation made by analysts in the consumer goods sector over the past decade. TipRanks' algorithms calculated the statistical significance of each rating, the analysts' overall success rate and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the consumer goods sector. Mark Astrachan - Stifel NicolausMark Astrachan has the 10th spot on the list, with a success rate of 65%.

☆ Honda to start producing new hydrogen fuel cell system co-developed with GM
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Feb 2 (Reuters) - Japan's Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. The Japanese carmaker is seeking to expand the use of its new system not only for its own fuel cell electric vehicles (FCEVs), but also commercial vehicles such as heavy trucks, as stationary power stations and in construction machinery. Honda will start production of the hydrogen fuel cell system through its joint venture with GM this year, Honda senior managing executive director Shinji Aoyama told reporters during a company event in Tokyo. With the "next-generation" system, the company aims to more than double durability compared with its older fuel cell system and to bring costs down by two-thirds. That would likely lead to a divergence in trucks using batteries and those running on fuel cells, he added.

☆ Stellantis in talks to buy 'substantial' stake in hydrogen mobility company Symbio
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

MILAN, Dec 23 (Reuters) - Stellantis (STLA.MI) has entered exclusive talks with France's Faurecia (EPED.PA) and Michelin (MICP.PA) to buy a "substantial" stake in their Symbio joint venture, a fuel cell system maker for hydrogen mobility, the three companies said on Friday. Stellantis, the world third-largest carmaker, launched hydrogen-powered mid-size vans late last year and aims to expand its hydrogen offer to large vans in Europe in 2024 and in the U.S. in 2025, "while further exploring opportunities for heavy-duty trucks". Stellantis entry "will accelerate and globalize Symbio's growth," Faurecia's CEO Patrick Koller said. The transaction, for which no financial details were provided, is expected to be finalised in the first half on next year, the three companies said in their statement. Reporting by Giulio Piovaccari, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Iveco showcases prototype of large hydrogen van developed with Hyundai
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

The logo of Italian truck maker Iveco is pictured at the IAA truck show in Hanover, September 26, 2014. REUTERS/Fabian BimmerMILAN, Sept 19 (Reuters) - Italy's Iveco (IVG.MI) showcased on Monday a prototype of the hydrogen powered eDaily large van it has developed with Hyundai Motor (005380.KS), the first tangible outcome of a wider partnership between the two manufacturers. Iveco and South Korea's Hyundai Motor in March signed a preliminary deal to explore cooperating on shared vehicle technology, joint sourcing and mutual supply. read moreIn July, they said Iveco would equip its future hydrogen-powered buses in Europe with fuel-cell systems designed by Hyundai's hydrogen mobility brand HTWO. Iveco added that Hyundai was also considering sourcing opportunities from FPT Industrial in the area of next generation conventional powertrains for commercial vehicles.

☆ Loop Energy says new hydrogen fuel cell more efficient than diesel engine
▼ + stars: | 2022-09-18 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Mark Blinch/File PhotoSept 18 (Reuters) - Hydrogen fuel cell maker Loop Energy (LPEN.TO) said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels. Hydrogen fuel cells have faced two challenges for broad adoption: they have so far been less efficient than diesel and fuelling infrastructure in Europe is virtually non-existent. "This brings the future forward," Loop Energy Chief Executive Ben Nyland told Reuters. Nyland said that Loop Energy aims to provide the fuel cell system to startup truck makers and as part of hydrogen powertrains provided to big truck makers by major suppliers. The company's biggest shareholder is U.S. engine maker Cummins (CMI.N), which holds a more than 20% stake in Loop Energy.

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