Enphase, Pure Hydrogen, Palantir – Alternative opportunities

After oil prices surged last week due to the US entering the Middle East conflict, briefly breaking their downward trend that had been in place since March 2022, a massive sell-off followed once tensions eased. As a result, our preferred scenario of new lows for the year remains intact. In contrast, companies in the renewable energy sector showed signs of life after months of correction. Once again, US policy played a key role in this development.

Palantir sets new standards

The stock of the data specialist from Denver, Colorado, continues to be the ultimate favorite on the US stock exchanges and was able to continue its high-flying performance. At USD 148.22, another all-time high was reached, bringing Palantir’s share price up by an incredible 2,400% since its low on December 27, 2022.

However, the team around the energetic CEO, Alex Karp, is not satisfied yet and is constantly expanding into new business areas. After focusing on defense in recent months, Palantir is investing USD 100 million in US nuclear energy to revolutionize the nuclear power market with artificial intelligence.

The Nuclear Company, a startup, is developing an AI-based platform that digitizes and accelerates the construction of nuclear power plants. The collaboration aims to bring the US technologically on par with China in the expansion of nuclear energy and ultimately to overtake it.

The AI platform will automatically process tens of thousands of construction documents and provide real-time information on construction progress, especially in the event of delivery delays. With this technology, The Nuclear Company plans to produce electricity for the first time by 2030. There are currently no new reactors under construction in the US.

Palantir is receiving USD 100 million in funding over five years to develop the software platform. The initiative is in line with the executive orders signed by former President Donald Trump, which aim to build ten new reactors by 2030 and quadruple US capacity to 400 gigawatts by 2050.

Pure Hydrogen – The 360-degree solution

The battle for energy and raw materials is likely to intensify in the coming years, bringing domestic production in individual countries increasingly to the fore. In Australia, Pure Hydrogen (OTCPK:PHCLF) is establishing itself as a player that is developing a hydrogen ecosystem covering all aspects of the market from production to end use, enabling it to offer its customers comprehensive hydrogen solutions.

The Company, currently valued at EUR 16.06 million and listed on German stock exchanges, aims to help shape a CO2-free future while driving the country’s transition to become a global leader in hydrogen technology.

Pure Hydrogen is pursuing a diversified strategy to tap into the growing market for green energy solutions. A key step is the recently granted gas exploration license for its subsidiary, Real Energy Queensland. This permit allows the Company to develop the Windorah gas project in the Cooper Basin over a period of 25 years.

In addition, Pure Hydrogen is involved in an international energy project in southern Africa with its partner, Botswana H2, and holds a stake in Botala Energy. The aim is to establish a stable hydrogen supply in the region. The operational portfolio serves a comprehensive target group. Pure Hydrogen develops and produces end-to-end mobility solutions for the transportation, logistics, construction, and government sectors.

Last week, the Australian company announced the delivery of a Taurus hydrogen fuel cell engine to Barwon Water, the first hydrogen-powered engine in Australia. The vehicle has an estimated service life of 20 years and offers a long-term, emission-free alternative to conventional diesel trucks.

Pure Hydrogen shares have been booming in recent days due to this milestone and are currently trading at EUR 0.059.

Enphase – A ray of hope after the sell-off

In contrast to data analysis company Palantir, the share charts of solar companies continue to point downward. Nevertheless, the sell-off may now be coming to an end, and prices appear to be stabilizing. Once again US politics played a key role, after a possible reversal of the planned cuts in solar subsidies emerged in the Senate.

Republican Senator Kevin Cramer hinted to reporters that the Senate version could be “a little more generous” than the previous version from the House of Representatives. The House of Representatives’ draft and the Senate Finance Committee’s draft still provided for a complete elimination of the 30% tax credit for rooftop installations and an end to subsidies for landlords.

Now, the so-called “sunset clause,” the provision that would phase out the subsidy, could be amended to allow for a gradual phase-out instead of an abrupt end. This prospect gave the stock markets a boost. Enphase, which develops solar microinverters, battery storage systems, and charging stations for electric vehicles, was able to halt its slide and closed the week up more than 10% at USD 40.88 after hitting a new low for the year. The 200 EMA stands at a high USD 114.31. From a technical perspective, however, the picture remains negative.

Palantir shares hit another all-time high. The US company is now planning to enter the nuclear energy market. Enphase managed to halt the sell-off for the time being. In contrast, Pure Hydrogen announced a milestone with the delivery of its first hydrogen engine in Australia.

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