Tim Nash
Hydrogenics Corp
HYG-T
COMMENT
Jul 20, 2018
Hydrogen energy technology. Likes this more than Ballard, because they’re moving toward larger forms of transportation. Hydrogen makes a lot of sense in central refuelling stations. Burns cleanly, only byproduct is water. The technology makes a lot of sense, but would want to see genuine interest from big companies in reducing CO2 emissions. Companies operating outside Paris Accord don’t necessarily care enough to make a commitment to a specific technology.
This whole sector is compelling. Recommends being careful and to diversify. The stock has had a nasty downward trend. Recommends to reduce in a rally if possible and sell on strength.
Most of the stocks in this space have been rallying. On concept stocks it is important to see what the peers are doing. This has probably bottomed. Don't let it make a new low. Thinks this will be OK.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.
Hydrogen energy technology. Likes this more than Ballard, because they’re moving toward larger forms of transportation. Hydrogen makes a lot of sense in central refuelling stations. Burns cleanly, only byproduct is water. The technology makes a lot of sense, but would want to see genuine interest from big companies in reducing CO2 emissions. Companies operating outside Paris Accord don’t necessarily care enough to make a commitment to a specific technology.