Plug Power, Pure Hydrogen, RENK – The order books are filling up
The stock markets are celebrating as if there were no tomorrow. But caution is advised! The ambitious valuations of many companies are likely to result in a sharp correction in the near future. Stock picking is currently the order of the day, because we saw how quickly high prices can evaporate into thin air at the beginning of April when Donald Trump unveiled his tariff measures. But there are still some undiscovered gems out there. In the hydrogen sector in particular, a previously unknown company has made a name for itself with two future-oriented orders.
This article is disseminated in partnership with Apaton Finance GmbH. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Plug Power – Red flags
Plug Power was considered a beacon of hope for future-oriented fuel cell technology at the turn of the 2000s. The plans are still ambitious, as CEO Andy Marsh’s company aims to benefit from the development of a comprehensive ecosystem for green hydrogen, ranging from production, storage, and delivery to energy generation. The ambitions have been euphoric ever since and have been regularly missed in recent years.
Even with the recently published figures for the second quarter, the hydrogen specialist once again disappointed. Although revenue increased by 21.4% to USD 174 million, and the gross margin improved from minus 92% to minus 31%, the results still fell short of expectations. The improvement was due in part to rising demand and the implementation of the strategic restructuring program “Project Quantum Leap,” which includes targeted cost reductions, improved service performance, and lower hydrogen prices.
However, Plug Power once again fell short of expectations in terms of earnings per share, posting a loss of USD 0.20 per share, while analysts had expected a smaller loss of USD 0.15 per share.
After an initial setback, Plug shares rose to the 200 EMA at USD 1.72, but were then sold off again despite a strong overall market environment.
Pure Hydrogen – Two promising orders
It is one thing after another for Australian hydrogen innovator Pure Hydrogen (ASX
H2). The Company plans to offer hydrogen from domestic production in Australia and other countries. Together with its majority stake in HDrive International, Pure Hydrogen is also expanding its range of zero-emission products and implementing several solutions that enable commercial customers to switch to zero-emission vehicles.
The cleantech company has received two significant orders for its hydrogen fuel cell vehicles, which is a clear sign of the growing interest in zero-emission heavy-duty transport in Australia.
Of particular note is the purchase agreement with Scott Lovatt Transport, an established transport company based in New South Wales. The Company has ordered two TS70-400 “Taurus” prime mover trucks with a total value of over AUD 2 million. These vehicles are part of Australia’s first fully licensed hydrogen truck fleet. Delivery is scheduled for mid-2026. The deal is still subject to conditions, in particular securing financing or government subsidies, but both parties are confident that access to these funds will be granted soon. The “Taurus” truck represents a new generation in long-distance transport and is designed for real-world use in Australian heavy-duty transport.
The second order comes from Heidelberg Materials Australia, one of the country’s largest building materials companies. The Company has ordered another 8×4 concrete mixer truck with a hydrogen fuel cell after ordering the first vehicle of this type in March 2025. Delivery of the second vehicle is scheduled for the first quarter of 2026. The vehicles are based on the T30-200 platform and are equipped with a 200 kW fuel cell system, a CATL traction battery, and an 8×4 axle configuration specially designed for concrete transport. Both vehicles will be used in Rockingham, Western Australia, and are expected to significantly reduce operating emissions.
With a market capitalization of AUD 41.08, the Company still has considerable upside potential, unlike companies such as Nel ASA and Plug Power, which remain overpriced.
RENK – Defense hype reignited
Is the correction that began at the beginning of the year at defense company RENK coming to an end with the announcement of its figures? From a technical perspective, the share price defended the significant EUR 60 mark and turned north. The MACD and relative strength index indicators are already back at “Buy.” The next important hurdle would be the horizontal resistance in the EUR 69 range.
RENK achieved significant growth in the first half of 2025 and further strengthened its position as a supplier in the defense sector. The Vehicle Mobility Solutions segment, which supplies transmission solutions for Leopard 2 tanks, among other things, recorded a significant increase in orders of 65.9% to EUR 681 million. Revenue in this segment rose by 32% to EUR 389 million, while EBIT grew by as much as 45.3% to EUR 67 million, with an EBIT margin of 17.1%. The US subsidiary RENK America also received a significant order worth USD 99 million from a long-standing customer in the defense sector.
Driven by robust demand for defense equipment, the Augsburg-based company continued its growth course at the Group level. Order intake rose by 46.8% to EUR 921 million, and the order backlog reached a new record level of EUR 5.9 billion. Revenue grew by 21.5% year-on-year to EUR 620 million. Adjusted EBIT rose disproportionately by 29.4% to EUR 89 million, improving the Group margin from 13.5% to 14.4%.
Fuel cell specialist Plug Power remains in the red. RENK benefits from the defense spending boom. Pure Hydrogen has reported two milestones.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as “Relevant Persons&CloseCurlyDoubleQuote
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
Plug Power, Pure Hydrogen, RENK – The order books are filling up
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
10.8¢ |
Change
0.003(2.38%) |
Mkt cap ! $40.14M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.5¢ | $3.239K | 30.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 621227 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 199338 | 9 |
View Market Depth
| Last trade - 11.56am 20/08/2025 (20 minute delay) ? |
| PH2 (ASX) Chart |