The auto industry is going green and it looks like over the next few decades the proven internal combustion engine will be a thing of the past.
At present, electric vehicles are the main replacement. But there are other options. Hyundai Motor Group (OTC: HYMTF) this week, it announced plans to offer hydrogen fuel cell versions of all its commercial vehicles as early as 2028, and fuel cell vehicles could reach cost parity with battery electric vehicles by the end. of the decade.
Hyundai’s claim has sparked some skepticism, and it’s certain that fuel cells still have a long way to go to meet the company’s ambitious 2030 target. But if that’s right, there are a lot of businesses that would benefit. Here’s why three Fool.com contributors will pay special attention to General Motors (NYSE: GM), Flowering energy(NYSE: BE), andConnect the power (NASDAQ: PLUG) as fuel cell technology continues to develop.
Invest in fuel cells and more
Lou whiteman(General Motors):Hydrogen fuel cells sound good in theory. The idea of powering vehicles with clean water as the only emission would go a long way in solving the greenhouse gas problems we face. The problem is, producing hydrogen is difficult and storing it safely is not an easy task.
General Motors has been working on fuel cells for more than 50 years, giving it the foundation and technical know-how to adapt quickly if fuel cells become mainstream as soon as Hyundai hopes. It also has a range of batteries and other green powertrains to fall back on in the meantime, and is spending more than $ 35 billion on various forms of clean tech through 2025 to build on the research it does. he performed.
I am not convinced that hydrogen fuel cells will ever be the big winner, I hope they will be when it comes to passenger vehicles. What makes GM the best stock of fuel cells is the company’s work to broaden the total addressable potential market for its technology as much as possible. The company has an agreement with Navistarto supply its Hydrotec fuel cell power cubes for use in commercial trucks. He also partnered withWestinghouse Air Braking Technologies to use its battery and fuel cell technologies on a new generation of freight locomotives. He is even involved in a demonstration project with the private company Liebherr Aerospace to explore the use of hydrogen to power airplanes.
If the green revolution in the transportation industry unfolds as I think it does, with batteries replacing gasoline vehicles and hydrogen replacing large diesel vehicles, General Motors has the potential to win in both areas.
Investing in new technologies is exciting and can be lucrative. But it’s important to remember that many great ideas never come to fruition the way bulls hope they do. With General Motors, you benefit from a strong auto company investing for the future and the opportunity to profit if fuel cells become a big part of the answer.
A commercial and industrial partner
Rich Duprey (Bloom Energy): Hydrogen fuel cell vehicles are getting the most attention, including Hyundai’s recent announcement that it plans to introduce commercial models by 2028, but Bloom Energy is taking a different path.
It manufactures stationary fuel cells for commercial and industrial users to generate electricity, and its customers include businesses, including Adobe,AT&T, Google, Intelligence , and Walmart.
Like any fuel cell technology, Bloom’s units do not create greenhouse gases, but its power plants rely on solid oxide fuel cells instead of the proton exchange membrane, molten carbonate, or batteries. phosphoric acid fuel used in other applications.
The United States is Bloom’s largest market, but South Korea is a world leader in the large-scale deployment of fuel cells such as those manufactured by Bloom. In July, it announced that it would develop a solid oxide fuel cell combined heat and power plant in South Korea in partnership with SK Ecoplant. The first of its kind 4.2 megawatt plant will produce 35,000 megawatt hours per year.
Because global governments are determined to implement policies to reduce greenhouse gases, hydrogen fuel cells have a particularly bright future. President Joe Biden’s multibillion-dollar infrastructure proposal has the potential to pour hundreds of billions of dollars into industry, and Bloom Energy, because of its goal of reducing or eliminating commercial carbon emissions and industrial, could benefit greatly.
Bloom’s shares, however, have weathered waves of investor interest and annoyance surrounding the hydrogen promise. The shares are trading at half of the all-time high they hit in February, even though Wall Street estimates Bloom will grow earnings at a compound rate of 25% per year over the next five years.
Bloom Energy should be a name in the space that benefits investors.
Money is king – and Plug Power is the king of fuel cells
Rich Smith (Power of the plug): Let me be blunt about this: I personally don’t plan to buy fuel cell stocks in the near future – my reason being that I prefer to invest in companies that are profitable, and right now, there are no fuel cell stocks that match that bill.
That being said, if I were going to invest in a fuel cell stock, Plug Power would be at the top of my list.
Why? Cash. That is why.
Plug Power stock fell last year, if you remember, from less than $ 4 per share in mid-January 2020 to $ 66 per share in mid-January 2021. Now you can safely say that this increase in the share price was not justified. (Indeed, many investors would agree with you. Plug Power is trading today at less than half of its January 2021 price.) What you can’t deny is that Plug Power did. hay while the sun was shining. From August 2020 through January, Plug completed three separate stock offerings, raising a total of $ 2.98 billion in cash.
As a direct result of those actions, Plug Power now sits on top of a $ 4.5 billion cash pile (and its debt load is only $ 705 million). Compare that to Ballard Power’s $ 1.2 billion in cash (with negligible debt), Bloom Energy’s $ 204 million (with $ 1.1 billion in debt), and just $ 139 million in cash. of FuelCell Energy (cleared by $ 92 million in debt), and it’s pretty clear – – Plug Power is by far the most financial fuel cell company with the firepower available to it.
It is also quite clear that while success in the fuel cell industry can be purchased, Plug Power is the company most likely to be able to pay the purchase price. Moreover, even if Plug ultimately fails to dominate hydrogen fuel cells, at its current consumption rate of $ 368 million per year, it will take 10 years for the company to run out of cash.
In the long-term race to make hydrogen fuel cell power a global reality, my advice is to bet on the company that has the most endurance. Right now, there is no doubt that Plug Power is that business.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a premium Motley Fool consulting service. Were motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]