Green Equity - January 27, 2025
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Aker Carbon Capture (ACC.OL) and SLB Capturi have completed the first modular carbon capture plant at the Twence waste-to-energy facility in Hengelo, Netherlands, using the Just Catch™ technology. The modular design reduces on-site installation costs and accelerates deployment, with a capture capacity of up to 100,000 tons of CO2 annually.
EHang’s (EH) pilotless eVTOL successfully completed its debut flight in downtown Shanghai, marking the start of trial urban air mobility (UAM) operations along the Huangpu River at Longhua Airport. The initiative, supported by partnerships with Hynfar Aviation and the New Margin Eastwood Fund, aims to establish commercial air taxi services in Shanghai and the Yangtze River Delta region.
Price Targets & Reports
Seaport downgraded Plug Power (PLUG) to "Sell" with a $1 price target, citing challenges like limited hydrogen generation capacity until 2026, negative gross margins, and setbacks in key markets like the U.S. and EU. While the company secured a $1.66 billion Department of Energy loan for six green hydrogen facilities and a major electrolyzer deal in Australia, its revised growth forecast and strategic shift to material handling and stationary power raise concerns.
Piper Sandler raised Bloom Energy's (BE) price target to $33, maintaining an Overweight rating, citing strong growth potential, especially with rising electricity demand from data centers and utilities like American Electric Power (AEP).