Potential parabolic growth beyond the line of least resistance.
Pleas see complete sector analysis below.
Here is an analysis on the hydrogen fuel cells, which is a part of Clean Energy campaign (solar, electric vehicles, hydrogen- this sector is encapsulated in etf- CNRG)... within this, solar and fuel cells are truly clean energy. Electric vehicles still run on electricity produced by coal. so the definition of clean energy is either carbon-neutral or negative. Nuclear should clearly qualify as is carbon neutral, but is not deemed clean. (sorry for this jargon... now to the point)... Fuel cells are considered a major future source of energy, with thousands of patents claimed every year. (search "Fuel-cell patent applications per year")
A new etf was launched in march 2021, to reflect the HYDROGEN energy sector, which essentially is largely fuel cells. See the HYDRO line in the chart.
In this chart you can see PLUG is a major player. the second largest players is FCELL.
PLUG uses very expensive catalysts to generate energy.. so their technology is not really commercialized.. major car companies have spend lots of time with them.
The chart compares FCELL vs SPY, the new HYDRO ETF, clean energy etf CNRG, and its peers in the sector PLUG and BLDP (not competition as they do not serve same markets). FCELL has outperformed all these benchmarks.
Issues with PLUG are not only linked with the technology, they had issues with accounting and reporting. got warnings. Ballard's tech is lagging.
FCEL did not have a favourable earnings quarter, but is positioned the best in this sector to deliver fastest growth. I believe the line of least resistance is $18.69, beyond which the volume profile is very thin. Stop loss at that point could very well be the current price of 15.47, with an expected return of 56%. See the long position plan.
___ not a financial advice____
Here is an analysis on the hydrogen fuel cells, which is a part of Clean Energy campaign (solar, electric vehicles, hydrogen- this sector is encapsulated in etf- CNRG)... within this, solar and fuel cells are truly clean energy. Electric vehicles still run on electricity produced by coal. so the definition of clean energy is either carbon-neutral or negative. Nuclear should clearly qualify as is carbon neutral, but is not deemed clean. (sorry for this jargon... now to the point)... Fuel cells are considered a major future source of energy, with thousands of patents claimed every year. (search "Fuel-cell patent applications per year")
A new etf was launched in march 2021, to reflect the HYDROGEN energy sector, which essentially is largely fuel cells. See the HYDRO line in the chart.
In this chart you can see PLUG is a major player. the second largest players is FCELL.
PLUG uses very expensive catalysts to generate energy.. so their technology is not really commercialized.. major car companies have spend lots of time with them.
The chart compares FCELL vs SPY, the new HYDRO ETF, clean energy etf CNRG, and its peers in the sector PLUG and BLDP (not competition as they do not serve same markets). FCELL has outperformed all these benchmarks.
Issues with PLUG are not only linked with the technology, they had issues with accounting and reporting. got warnings. Ballard's tech is lagging.
FCEL did not have a favourable earnings quarter, but is positioned the best in this sector to deliver fastest growth. I believe the line of least resistance is $18.69, beyond which the volume profile is very thin. Stop loss at that point could very well be the current price of 15.47, with an expected return of 56%. See the long position plan.
___ not a financial advice____