Hydrogen stocks update: FIA finds hydrogen, SFC Energy demonstrates resilience, yet Nel ASA experiences persistent falls!
The world of motorsport is abuzz with excitement as the FIA Extreme H World Cup, a new hydrogen-powered event, is set to make its debut this year. The competition, initially not an official FIA World Championship, will kick off in Saudi Arabia, marking a significant step towards sustainability, innovation, and equality in the motorsport industry.
FIA President Mohammed bin Sulayem has expressed his support for the use of hydrogen in the Extreme H World Cup, stating that it is an important move towards a more sustainable future. The event will be powered from the paddock to TV production by hydrogen, a decision that aligns with the global push towards renewable energy sources.
However, the road to the Extreme H World Cup has not been without its challenges. One of the key players, Nel ASA, a Norwegian hydrogen company, has been facing a tough time recently. The company's stock chart has been under pressure, and almost all indicators are pointing downwards. The fluctuating stock prices indicate a phase of low investor interest and sideways movement after a period of decline. Key support levels are around 1.95 NOK, with resistance near 2.9 NOK.
The company's woes stem from a 48% revenue drop in Q2 2025 compared to the previous year, project cancellations, and increased competition from China’s expanding hydrogen market. Despite this, there has been radio silence from Nel ASA regarding any positive news or prospects of improvement. The company's stock is set to be removed from the OSEBC reference index next Monday.
In contrast, SFC Energy, a German fuel cell expert, has expressed optimism about better days ahead. The company's stock price increased by 9% to 16.98 euros on Wednesday afternoon over the past month. However, the company's performance has been affected by poor figures, leading to heavy losses and a downward adjustment of the forecast for the current year.
Despite these challenges, SFC Energy has a strong order intake from Europe, Canada, and the US. The company expects a strong fourth quarter following a weak third, with rising profits targeted for next year.
The exact venue for the FIA Extreme H World Cup will be announced in September, while the stock price of SFC Energy is not far from the levels seen at the beginning of the year. The comeback for Nel ASA, on the other hand, seems far off.
The resurgence of interest in the Extreme H World Cup comes after the wane in interest in Extreme E, an electric car series. The new hydrogen-powered event has been given new life, providing a fresh opportunity for companies like Nel ASA and SFC Energy to shine.
As the countdown to the FIA Extreme H World Cup begins, the spotlight is on these companies to deliver on the promise of a sustainable and innovative motorsport event. The Q3 results for Nel ASA are expected on October 29, 2025, offering a glimpse into the company's future prospects. The world watches with bated breath as the hydrogen revolution in motorsport continues to unfold.
