Alternative energy was a major industry during the Obama years, as his admin's attack on oil sent these alt plays soaring. There's several different types, from pure electric vehicles running on batteries (powered by energy produced burning fossil fuels, no less) to natural gas engines, nuclear and wind options, and in this case, hydrogen fuel cells.
It's anyone's guess what the world will look like in 20 years, and as to what source of power prevails, well, determining that is a fool's errand. In my opinion, the best bet is to diversify across multiple types of alternative mobility, which is why I own oil and gas companies (specifically, refiners, MLPs, equipment suppliers, and oil majors) along with other types like natural gas (WPRT and CLNE), solar companies (via ETFs), and nuclear options (via ETFs).
I didn't have a pure-play in the hydrogen fuel cell space, though, so I found this one for a spec play for the longer-term.
This one will need several things to go right, for sure. It's loaded with debt, and hydrogen hasn't really taken off meaningfully. But times change quickly, as evidenced by pot stocks getting so high (sorry, couldn't help myself).
At under $2 a share, this is like an option that doesn't expire. Even so, I'm using options because I don't want to commit the capital to shares. And this may take time... lots of time... to work. So...
I bought January 15, 2021 $2 calls for 70 cents, so it has a little over 2 years to pan out for me. I'll be looking to sell shorter dated calls against it if shares catch bids, as I doubt any rally will be sustained unless there's a material change in the broader landscape for this type of fuel play.
Support is underneath at $1.53. Resistance is overhead at the $2 level, then on up the Fib levels to the highs at $3.21.
Even buying shares outright doesn't seem like a bad idea, just so long as you keep it small as it is a highly speculative play.
Happy trading!
It's anyone's guess what the world will look like in 20 years, and as to what source of power prevails, well, determining that is a fool's errand. In my opinion, the best bet is to diversify across multiple types of alternative mobility, which is why I own oil and gas companies (specifically, refiners, MLPs, equipment suppliers, and oil majors) along with other types like natural gas (WPRT and CLNE), solar companies (via ETFs), and nuclear options (via ETFs).
I didn't have a pure-play in the hydrogen fuel cell space, though, so I found this one for a spec play for the longer-term.
This one will need several things to go right, for sure. It's loaded with debt, and hydrogen hasn't really taken off meaningfully. But times change quickly, as evidenced by pot stocks getting so high (sorry, couldn't help myself).
At under $2 a share, this is like an option that doesn't expire. Even so, I'm using options because I don't want to commit the capital to shares. And this may take time... lots of time... to work. So...
I bought January 15, 2021 $2 calls for 70 cents, so it has a little over 2 years to pan out for me. I'll be looking to sell shorter dated calls against it if shares catch bids, as I doubt any rally will be sustained unless there's a material change in the broader landscape for this type of fuel play.
Support is underneath at $1.53. Resistance is overhead at the $2 level, then on up the Fib levels to the highs at $3.21.
Even buying shares outright doesn't seem like a bad idea, just so long as you keep it small as it is a highly speculative play.
Happy trading!