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Dec 19, 2023, 4:31 am EST
Stock futures traded flat Tuesday, a day after the S&P 500 finished up 0.5% and moved closer to its all-time. The broad market index stands just 1.2% below its record of 4,796.56 reached in early January 2022.
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These Stocks Are Moving the Most Today: Plug Power, Trade Desk, Doximity, Unity Software, Illumina, Wynn, and More
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Press Release
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Nov 29, 2022 08:00 EST
LONG BEACH, Calif., November 29, 2022 (Newswire.com)
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OneH2, Inc. and Toyota Tsusho America, Inc. (“Toyota Tsusho America”) hosted a bus tour on Nov. 14, 2022, to exhibit the capabilities of their hydrogen vehicles and equipment.
The bus tour departed Hotel Maya in the early afternoon, transporting guests from various industries to the Fenix Marine Terminal in the Port of LA.
During the bus tour, guests experienced a live demonstration of OneH2’s hydrogen mobile refueler refueling Toyota Tsusho America’s newly remanufactured hydrogen fuel cell top handler with sustainable hydrogen fuel. This demonstration was part of Catalyst H2 — an annual convention hosted by the Green Hydrogen Coalition and Strategen in Long Beach, California, bringing hydrogen fuel manufacturers together to accelerate the green hydrogen economy in North America.
In an effort to reduce emissions at ports, Toyota Tsusho America is working with the Port of Los Angeles to shift the Port’s fuel dependence away from diesel to hydrogen. The Port’s goal is for all equipment at the Port to be zero emissions by 2030 and for drayage trucks entering and exiting the Port to be zero emissions by 2035. OneH2 is helping Toyota Tsusho America achieve this objective by supplying cost-effective, quality hydrogen fuel to refuel these hydrogen trucks and equipment.
During the bus tour, a OneH2 truck brought the hydrogen mobile refueler to the terminal’s zero-emissions fuel cell top handler. OneH2’s mobile trailer refueled the top handler with hydrogen before returning to the hydrogen production hub outside the Port area. This method demonstrated the refuel-and-go concept and deliverability of hydrogen fuel.
The purpose of the bus tour and the hydrogen top handler refueling demonstration performed by Toyota Tsusho America and OneH2 was to show attendees that hydrogen fuel is a viable zero-emissions fuel alternative ready for real-world implementation. Hydrogen fuel can power heavy industrial equipment to reduce dependence on fossil fuels.
Visit OneH2’s website to learn more about hydrogen fuel and how OneH2 plans to support hydrogen infrastructure from coast to coast.
About OneH2, Inc.: Based in Longview, North Carolina, OneH2 is a leader in sustainable hydrogen solutions, providing holistic production, delivery and monitoring for zero-emissions hydrogen fuel. OneH2 produces and delivers hydrogen fuel across the U.S. and maintains a growing network of on-site hydrogen generators. OneH2 offers scalable end-to-end hydrogen fuel solutions that enable emission-free workplaces, including hydrogen buy-back programs and custom configurations to suit each business’ needs.
About Toyota Tsusho America: With 60+ years in America, Toyota Tsusho America, Inc., together with its subsidiaries and affiliates, is a multi-market, multi-business enterprise with expertise in exporting and importing, supply chain management, new manufacturing, intermediate goods processing and logistics in the United States, Canada, Mexico, and the Caribbean. The company strives for comprehensive excellence by cultivating a vibrant culture of creativity, reliability, accountability, flexibility, and teamwork to activate the full potential of its employees, customers, suppliers, and communities. To learn more, visit www.taimerica.com.
For all technical, customer and investor inquiries, please contact Molly Vang at molly.vang@oneh2.com or 844-99-ONEH2, ext. 762, or Ashley Chatham from Toyota Tsusho America at ashley_chatham@taiamerica.com.
For all press-related inquiries, please contact Shawna Kilgore at shawna@fpwmedia.com or 541-343-1355.
Source: OneH2, Inc.
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Investors are bracing for some choppiness on Wall Street, with oil prices falling as growth worries rattle around the globe. That’s as the clock ticks down to CPI and the start of a earnings season later this week, and in the backdrop a war is intensifying in Europe.
Tough times don’t last, but tough investors do right? Maybe, hopefully. In any case, focusing on the distant future might offer some comfort right now.
And that’s where we’re headed with our call of the day from Citigroup, whose strategists have stock ideas to play what they expect will be one of the ten fastest-growing markets through 2040.
They are talking about the global fuel cell industry, a direct play on the green energy debate, and “reaching the part that batteries cannot.”
“Fuel cells enable both de-carbonization and energy resilience, and we see them as crucial in harder-to-abate sectors like commercial vehicles and marine,” a Citi team led by research analyst Martin Wilkie told clients in a note on Tuesday.
Their base case sees this market reaching 50 gigawatts (GW) and $40 billion by 2030, offering a compound average growth rate of more than 35% in dollar terms, with further acceleration to 500GW/$180 billion by 2040.
They admit they’re on the bullish side with these projections, and note fuel cell stocks are on average down around 70% since their January 2021 peaks .
“The fuel cell equity story has had false starts before, but we see the impetus from emissions policy as well as announced hydrogen plans as creating attractive opportunities,” said the Citi analysts, highlighting policies such as the U.S. Inflation Reduction Act, which aims at beefing up renewable energy and a recent EU move to offer more green-energy research and development subsidies.
While passenger cars were a big source of demand for the growing fuel cell market in 2021, they don’t think it can be a big competitor to battery electric. However, stationary power, such as distributed and backup power generation and heavy-duty transport, think commercial vehicles, off-road and later marine are set to become key fuel-cell markets.
U.K.-based Ceres Power
CWR,
Plug Power
PLUG,
Belgium’s Umicore
UMI,
and Japan’s Toyota
7203,
TM,
are Citi’s buy-rated stocks with high exposure to the fuel-cell theme.
Other names they mention, include Daimler Truck
DTG,
and Volvo
VOLV.B,
VOLV.A,
which are working with Germany’s Traton
8TRA,
on a joint venture called Cellcentric that aims to develop that technology for trucks, with a production goal of 2025. Others are outsourcing fuel-cell tech, such as Italy’s Iveco Group
IVG,
which has teamed up with South Korea’s Hyundai
005380,
and U.S.-based Paccar
PCAR,
with Toyota
TM,
Stock futures
ES00,
NQ00,
have pared some losses, while bond yields
TMUBMUSD10Y,
TMUBMUSD02Y,
are mixed, and the dollar
DXY,
has turned lower. Oil prices
CL.1,
are also pressure.
Shares of the world’s biggest chip maker, TSMC
2330,
fell 8% in Taiwan
Y9999,
where stocks dropped more than 4% following new limits by the U.S. imposed on exports of semiconductors and chip-making equipment to China.
The Bank of England made the second move this week to calm jittery markets, saying Tuesday it will expand its bond purchases to index-linked U.K. bond. But the program still ends Friday, something the pensions fund industry wants to see extended. Those yields
TMBMKGB-10Y,
TMBMKGB-30Y,
meanwhile, continue to creep higher.
The National Federation of Independent Business small-business index showed confidence rising in September, but inflation a nagging problem. At noon Eastern we’ll hear from Cleveland Fed President Loretta Mester.
Subscription-based private aviation company Flexjet plans to go public through a merger with SPAC Horizon Acquisition
HZON,
valuing it at $3.1 billion.
The U.S.’s third-biggest railroad union will be back at the negotiating table with employers on Tuesday, after rejecting a deal and raising the possibility of crippling strikes.
The Kremlin’s war hawks were thrilled at the devastating strikes across Ukraine on Monday. Now they want more. G-7 leaders are holding an emergency meeting to discuss the ramping up of the war.
Amazon’s
AMZN,
second Prime-Day like event kicks off Tuesday.
U.K. spy chief says Russians are starting to realize the cost of Putin’s war in Ukraine
India’s biodegradable bags are in demand, and reviving its industry
We are not at peace. The world needs to get ready for more sabotage
One of the greatest transfers of intergenerational wealth is coming, says head of TIAA
This graphic by Visual Capitalist’s Truman Du, shows Disney’s
DIS,
streaming empire — Disney+, Hulu, ESPN+ — is “giving Netflix
NFLX,
a run for its money.”
These were the top searched tickers on MarketWatch as of 6 a.m. Eastern Time:
| Ticker | Security name |
|
TSLA, |
Tesla |
|
GME, |
GameStop |
|
AMC, |
AMC Entertainment Holdings |
|
AAPL, |
Apple |
|
NIO, |
NIO |
|
BBBY, |
Bed Bath & Beyond |
|
APE, |
AMC Entertainment Holdings preferred shares |
|
NVDA, |
Nvidia |
|
TWTR, |
|
|
AMD, |
Advanced Micro Devices |
Everyone hail to this 2,560-pound pumpkin.
“Where’s Tony gone?” Supply-chain woes hit (shudder) Frosted Flakes.
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