Bloom Energy Shares Charge Higher on Partnership with Samsung for Clean Powered Ships

Source: Streetwise Reports 06/30/2020 Shares of clean fuel cell technology company Bloom Energy traded 30% higher after the firm reported it is advancing plans for clean power ships in a joint development agreement with Samsung Heavy Industries. Solid oxide fuel cell technology company Bloom Energy Corp. (BE:NYSE) and Samsung Heavy Industries Co. Ltd. (010140:KRX) (SHI), a part of Samsung Group, announced that they “have signed a joint development agreement (JDA) to design and develop fuel cell-powered ships.” The two companies reported that they are partnering to work together toward achieving clean power for ships and creating a more sustainable vessels for the marine shipping industry. Samsung Heavy Industries’ VP of shipbuilding and drilling sales engineering Haeki Jang commented, “By signing this joint development agreement, SHI has a plan to develop eco-friendly ships that will lead the future of the industry…Our goal is to replace all existing main engines and generator engines with these highly efficient solid oxide fuel cells to align with the International Maritime Organization’s 2030 and 2050 environmental targets.” The company indicated that SHI will be actively involved in the joint development from start to completion in order to achieve the task of building highly efficient fuel cell-powered ships. In turn, Bloom Energy will deploy its cross-functional engineering team to adapt its servers to the specific requirements relative to the marine environment. The firm mentioned in the report that the companies are now proceeding with the next milestone in their joint development efforts and hope to be ready … Continue reading

Workhorse Group Shares Rise 40% Upon Joining Russell 3000 Index

Source: Streetwise Reports 06/29/2020 Shares of sustainable electric vehicles maker Workhorse Group reached a new 52-week high after company’s shares were added to the Russell 3000® Index beginning June 29, 2020. Workhorse Group Inc. (WKHS:NASDAQ) today announced that “its shares were added to the broad-market Russell 3000® Index at the conclusion of the annual reconstitution of the Russell indexes, effective after the U.S. market opens today, June 29, according to the FTSE Russell website.” The firm stated that “annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 8, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes.” The company’s CEO Duane Hughes commented, “Our inclusion into the Russell 3000 Index represents another milestone for Workhorse as a public company in a year where we expect to make additional landmark achievements in the electric vehicle industry…The Russell Indexes are a widely known and well-respected benchmarking standard. We appreciate being a part of this select group and will look to leverage this platform to generate further interest and awareness in our business within the investment community and beyond.” The firm noted that Russell indexes are widely and frequently used by investment managers and institutional investors and that around $9 trillion in assets are benchmarked against Russell’s U.S. indexes. Workhorse Group Inc. is … Continue reading

Amid Brightening Picture for Uranium, Explorer Finding the 'Right Rocks' at Western Athabasca Project

Source: Streetwise Reports 06/25/2020 Azincourt Energy is on the cusp of completing its 70% earn-in on the East Preston property. Uranium, which has been in a bear market for most of the last decade, has been making a recovery, increasing about 32% since the beginning of the year. Against this backdrop, uranium explorer Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTC) has been progressing with exploration at the East Preston Project, where it is close to completing the requirements to earn a 70% interest in the project with joint venture partners Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) and Dixie Gold Inc. (DG:TSX.V; YWRLF:OTCMKTS). East Preston is located in the western part of the Athabasca Basin, one of the world’s highest-grade uranium regions, and counts among its neighbors NexGen Energy’s Arrow deposit, Fission Uranium’s Triple R deposit and AREVA-Cameco-Purepoint’s joint venture, Spitfire. Drilling at East Preston takes place over the winter because it’s much easier to punch holes into the swampy terrain when it’s frozen, and the company recently announced results from this past winter’s 2,431-meter, nine-hole drill program. While the project totals more than 25,000 hectares, the drilling tested three areas in a 7 km by 2 km portion. “We are very encouraged with the results from the 2020 winter drill program at East Preston,” said Ted O’Connor, Azincourt director and technical advisor for East Preston. “We continue to see the right basement unconformity uranium setting—rocks, structure and alteration—from drilling on the project.” O’Connor has more than 27 years of experience in the uranium-lithium … Continue reading

Crude Prices on the Comeback as Producers Cut Supply and Upstream Investments

Source: McAlinden Research for Streetwise Reports 06/25/2020 As crude prices are pushing up against $40 per barrel, defying many bearish predictions from the first quarter, McAlinden Research outlines optimistic prospects for the market. Crude prices are pushing up against $40 per barrel, defying many bearish predictions from the first quarter. Output cuts in nearly all major oil producing nations have been effective thus far and can be expected to continue through at least July. Even after the supply cut deals expire, however, crude producers are now forecast to cut hundreds of billions of dollars in spending on expansion for years to come, which should provide support to longer-term pricing prospects. It is important to note that U.S. production capacity from shale producers also remains vulnerable with many drillers still staring down the barrel of bankruptcy. Crude Demand Digging Out of the Depths In its monthly oil-market report Tuesday, the International Energy Agency (IEA) said that while the world’s demand for crude will drop by 8.1 million barrels per day (bpd) this year, slightly less than forecast in last month’s report, demand in 2021 will rebound by a record 5.7 million bpd. Stripping out jet-fuel demand, global oil demand should reach pre-crisis levels in mid-2021, the IEA’s executive director Fatih Birol said Tuesday. “The key issue is when people will start to fly,” he said, adding that “if there is a solution to the coronavirus problem and the economy rebounds as foreseen, we may well see in the near term oil … Continue reading

Plug Power Shares Rise 17% After the Firm Increases 2024 Revenue and EBITDA Targets

Source: Streetwise Reports 06/24/2020 Shares of green hydrogen solutions provider Plug Power established a new 52-week high after the company reported it completed two acquisitions and raised 2024 Revenue and EBITDA targets. Global hydrogen fuel cell solutions company Plug Power Inc. (PLUG:NASDAQ) yesterday announced that it has completed the acquisitions of United Hydrogen Group Inc. and Giner ELX. The firm advised that “the acquisitions are in line with its vertical integration strategy in the hydrogen business laid out in September of 2019 with plans to have more than 50% of the hydrogen used to be green by 2024.” The company indicated “that these activities further enhance Plug Power’s position in the hydrogen industry with capabilities in generation, liquefaction and distribution of hydrogen fuel complementing its industry-leading position in the design, construction, and operation of customer-facing hydrogen fueling stations and that these activities establish a clear pathway for Plug Power to transition from low-carbon to zero-carbon hydrogen solutions.” The company additionally reported that with the closing of the acquisitions “it is raising its 2024 financial targets to achieve $1.2 billion in revenue (up from $1 billion), $210 million in operating income (up from $170 million), and $250 million in adjusted EBITDA (up from $200 million).” The firm added that the higher estimates are based upon the added value of this vertical integration, significant margin improvement and anticipated global growth in the electrolyzer market. The firm stated that the planned capacity addition will serve the significant and rapidly growing demand for green … Continue reading

With $5 Million in New Financing, This Small Cap Oil Company Sees Opportunity in the Midst of a Pandemic-Induced Major Oil Downturn

Source: Streetwise Reports 06/23/2020 Jericho Oil Corp.’s just-closed $5 million insider financing allows it to capitalize on the distress in the market right now. Update: On June 23, investor Michael L. Graves announced that through Catlett Sands-II, LLC he had acquired additional 8.473 million shares of Jericho Oil, bringing his total ownership via Catlett Sands and Inter Vivos Trust to approximately 16% of the firm. With many small oil producers fighting for survival, Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC) has taken the opposite tack and plans to go on the offensive and acquire assets, recently closing a $5 million non-brokered private placement with existing large shareholders. “Jericho sees opportunity in the present environment and will look to acquire what it perceives to be high-quality assets in special situations,” the company stated. “While Jericho does not currently have any binding agreement to enter into any such transaction, having cash on hand will allow it to be nimble as market opportunities may present themselves.” “Jericho Oil is regarded as an interesting speculative play here for a possible reversal leading to a potentially sharp upleg.” – Technical analyst Clive Maund Jericho benefits from a tight share structure with committed shareholders. “Insiders own around 27% of Jericho’s shares, with another 50% or so owned by large shareholders and family offices. There were just a handful of investors in the private placement that closed on June 12, four of whom comprised the vast majority,” Jericho CEO Brian Williamson told Streetwise Reports. “Our shareholder base provides us … Continue reading

The V-Recovery and Beyond

Source: McAlinden Research for Streetwise Reports 06/17/2020 Joseph J. McAlinden of McAlinden Research Partners outlines his firm’s view of what post-pandemic recovery will look like for various markets and explains why the firm is in a minority that foresees a V-shaped recovery. Summary: In the months since the COVID-19 crash began, stock prices have been on a wild ride in anticipation of a tsunami of poor economic data. However, some investors appear to be seeing the light at the end of the tunnel including McAlinden Research Partners (MRP). While most see a V-shaped recovery as doubtful, we feel that the combination of what appears to be limitless fiscal and monetary stimulus, combined with better than expected reopening data in a number of states, provides compelling reason to expect a V-shaped recovery. A V or not a V; that is the question. At least for the moment. According to a majority of commentators, the answer is not a V. But MRP is in the distinct minority, still expecting a sharp economic rebound. This content was delivered to McAlinden Research Partners clients on May 29. To receive all of MRP’s insights in your inbox Monday–Friday, follow this link for a free 30-day trial. And now new questions have arisen, in particular, how permanently the effects of the COVID-19 pandemic will affect long-term growth beyond the initial recovery, whatever its shape. Many notable sources have described scenarios of substandard economic growth for years to come irrespective of the shape of the recovery in … Continue reading

Standard Lithium Successfully Commissioned Demonstration Plant Despite COVID-19

Source: The Critical Investor for Streetwise Reports 06/12/2020 The Critical Investor takes a look at the current dynamics of the lithium market, and speaks with the Standard Lithium’s CEO about the firm’s latest news. After Standard Lithium Ltd. (SLL:TSX.V; STLHF:OTCQX) managed to close an almost two-times oversubscribed CA$12.1 million capital raise on Feb. 21, 2020, the company is financed at least into the “proof of concept” completion of its demonstration plant, and the subsequent consummation of the formal joint venture (JV) with Lanxess AG (LXS:DE). The timing couldn’t have been better, as the COVID-19 pandemic gathered speed at the same moment, severely dampening sentiment at, for example, the mining industry’s premier event, PDAC, in the first week of March. With the funding secured, Standard Lithium proceeded as quickly as possible, abiding by COVID-19 measures at the Lanxess location, resulting in the announcement on May 19, 2020, of the successful commissioning and commencement of continuous 24/7 operation of the demonstration plant, first of its kind at this scale, this month. In the meantime, lithium product prices kept on falling, so as these are interesting times, it certainly is time for an update, further illustrated by input from CEO Robert Mintak. All presented tables are my own material, unless stated otherwise. All pictures are company material, unless stated otherwise. All currencies are in U.S. dollars (USD), unless stated otherwise. Standard Lithium recently announced the successful start-up of the industrial-scale direct lithium extraction demonstration plant at Lanxess’ South Plant facility in southern Arkansas … Continue reading

Standard Lithium Successfully Commissioned Demonstration Plant Despite COVID-19

Source: The Critical Investor for Streetwise Reports 06/12/2020 The Critical Investor takes a look at the current dynamics of the lithium market, and speaks with the Standard Lithium’s CEO about the firm’s latest news. After Standard Lithium Ltd. (SLL:TSX.V; STLHF:OTCQX) managed to close an almost two-times oversubscribed CA$12.1 million capital raise on Feb. 21, 2020, the company is financed at least into the “proof of concept” completion of its demonstration plant, and the subsequent consummation of the formal joint venture (JV) with Lanxess AG (LXS:DE). The timing couldn’t have been better, as the COVID-19 pandemic gathered speed at the same moment, severely dampening sentiment at, for example, the mining industry’s premier event, PDAC, in the first week of March. With the funding secured, Standard Lithium proceeded as quickly as possible, abiding by COVID-19 measures at the Lanxess location, resulting in the announcement on May 19, 2020, of the successful commissioning and commencement of continuous 24/7 operation of the demonstration plant, first of its kind at this scale, this month. In the meantime, lithium product prices kept on falling, so as these are interesting times, it certainly is time for an update, further illustrated by input from CEO Robert Mintak. All presented tables are my own material, unless stated otherwise. All pictures are company material, unless stated otherwise. All currencies are in U.S. dollars (USD), unless stated otherwise. Standard Lithium recently announced the successful start-up of the industrial-scale direct lithium extraction demonstration plant at Lanxess’ South Plant facility in southern Arkansas … Continue reading

'Timing is Right' to Invest in Natural Gas Firm Weeks from Production Start

Source: Streetwise Reports 06/08/2020 The rationale for this view concerning Alvopetro Energy is explained in a Mackie Research Capital Corp. report. In a June 2 research note, Mackie Research Capital Corp. analyst Bill Newman purported that Alvopetro Energy Ltd. (ALV:TSX.V; ALVOF:OTCQX) currently presents a buying opportunity as its stock has not yet responded to its announcement of impending production. The company is on track to commence sales production from its Caburé natural gas field in Brazil before or on July 1, 2020. “Once on production, we expect the company to generate substantial free cash flow to fund an exploration program targeting the company’s large prospect inventory and potentially pay a cash dividend,” commented Newman. As a comparator, Newman used Canacol and the trading pattern around its announcement and commencement of natural gas production in Colombia in 2016. “Despite a fully funded project, the market did not fully reward Canacol until only after production had commenced,” he noted. When the market reacted, the stock increased to CA$4.50 per share from CA$3.30. This trend also held with Canacol in two other instances, with production increases. Further, Newman highlighted that Alvopetro is trading at a deep discount to its net asset value, as determined by Mackie, of CA$2.15 per fully diluted share. Thus, Mackie Research has a Speculative Buy recommendation and a CA$1.65 per share target price on Alvopetro. In comparison, the stock is trading now at about CA$0.67 per share. Read what other experts are saying about: Alvopetro Energy Ltd. Sign up … Continue reading