RENIXX with New All-Time High - ITM Power, Powercell, Ballard Power, Plug Power and Nel at the Top
Münster, Germany - The global stock index for renewable energies RENIXX World catapulted to a new all-time high yesterday (13.01.2021). The 30-stock RENIXX World jumped 1.94 percent to 2270.90 points. High share price gains were again recorded for fuel cell and hydrogen shares.
Rally in fuel cell and hydrogen stocks continues
At the top of the RENIXX, UK-based ITM Power exited trading with a gain of more than 20 percent to just under 8 euros. The company had announced the sale of a huge 24 MW electrolyzer to Linde. Swedish Powercell, with a daily plus of over 8 percent, and Canadian fuel cell specialist Ballard Power, with a share price plus of 7.5 percent to around 30 euros, also made strong gains. Powercell has received an order for the supply of a fuel cell system from a leading European construction equipment manufacturer. Ballard Power lands the order to supply fuel cell modules for the first fuel cell train in Scotland.
For the US fuel cell manufacturer Plug Power with a share price gain of more than 6 percent to 57 euros, the rapid share record run also continues unabated. The Renault Group and Plug Power have announced a 50:50 joint venture based in France in the first half of 2021. The aim is to establish manufacturing capacities for the production of fuel cell systems in France. The companie’s plan is to achieve a 30 percent share of the market for light commercial vehicles. Norway's Nel ASA also gained over 5 percent to 3.35 euros. Here, the company has confirmed the contract for the delivery of a 20 MW electrolyzer to Everfuel.
Tesla to recall nearly 160,000 e-cars
With a stock market value of more than 600 billion euros, Tesla is the lone leader in business valuation in the automotive sector. For comparison, the much larger Daimler currently reaches just a 60 billion euros market capitalization. According to a report by Reuters, the U.S. National Highway Traffic Safety Administration (NHTSA) has ordered Tesla to recall 158,000 Model S and Model X vehicles. The reason, according to Reuters, are faults in the Media Control Unit (MCU), which could pose a safety risk because touchscreen displays do not work. Tesla has to respond and make a statement to the authority by Jan. 27, 2021.
Jinkosolar at the RENIXX bottom
With a discount of 4 percent to 52 euros, the Jinkosolar share is listed at the RENJIXX end. The company raised $98.25 million through a share placement and the sale of 1.494 million shares, net of commissions and offering expenses. Profit-takings in US solar provider Sunnova (-3.7 percent) and US geothermal specialist Ormat (-2.8 percent) pushed these RENIXX stocks into negative territory.
About the global share index RENIXX World
The RENIXX World (Renewable Energy Industrial Index, WKN: RENX01, ISIN: DE000RENX014, Reuters RIC: .RENIXX), was developed by Internationales Wirtschaftsforum Regenerative Energien (IWR) and launched in 2006. It is the first and world's oldest global stock index that tracks the performance of the 30 leading international listed companies in the industrial future field of renewable energy. Inclusion in the RENIXX and weighting is determined by free-float market capitalization. The RENIXX World can be accessed via the international financial service providers Reuters and Bloomberg, among others. The total market capitalization of all companies in the RENIXX reached over 800 billion euros at the end of 2020.
Source: IWR Online, 14 Jan 2021