Posted by sandihop on September 23, 2003 at 13:28:12:
Renewableenergystocks.com Issues Update on Renewable Energy Stock - Hydrogenics Corp.
Point Roberts, WA; Salem, New York - ECON Corporate Services - September 23, 2003 (ECON) http://www.Investorideas.com and its sub-domain http://www.renewableenergystocks.com is pleased to provide investors interested in renewable energy stocks an update on Hydrogenics Corp. (HYGS).
Renewableenergysstocks.com is a unique site offering investors research, news, links and information on private and public companies in alternative energy. Guest writer J.Peter Lynch provides insight into the industry and the participants, based on years of experience in the stock market and as an expert in solar and renewable energy.
Renewable Energy Stocks - Update
J. Peter Lynch
Hydrogenics Corp. – (HYGS)
HYGS has been forming a huge base between $3.00 and $5.00 since May 2002. The stock appears to be poised to move above the $5.00 area. It has not shown great relative strength recently and this may indicate that the stock may need to consolidate in this area before moving further up. Either way, the stock should be viewed as a long-term way to participate in the Fuel Cell Industries growth.
The company has a unique plan to approach to the fuel cell business and has PLENTY of money to support and move forward operations - over 5 years of cash at the current burn rate.
HYGS is the world leader in the Fuel Cell testing business and it has projected over $100M in business in the testing area by the end of 2005. They are also working with some interesting partners: John Deere and General Motors.
In addition, they are involved in a project that we feel could be a major product in the future - a regenerative fuel cell.
A regenerative fuel cell is a device that can operate as a fuel cell and as an electrolyzer. As a result, it can provide power when needed (working as a fuel cell) or it can convert water into hydrogen, when grid electricity is cheapest (example, at night during off peak hours) and then it can be stored for later use.
This type of device would be IDEAL in a future home that is powered by the sun (Photovoltaics). The regenerative cell could use the electricity generated by the Photovoltaics during sunlight hours to produce hydrogen from water via electrolysis and then provide power at night by turning the stored hydrogen into electricity via its fuel cell function.
About Hydrogenics:
Hydrogenics Corporation (www.hydrogenics.com) is a leading clean power generation company, engaged in the commercialization of fuel cell technology and test stations for fuel cells. The company is building a sustainable business, in a potentially "game changing technology" for transportation, stationary and portable power. Hydrogenics, based in Mississauga, Ontario, Canada, has operations worldwide
Mr. J. Peter Lynch, Solar Energy/Renewable Energy Guest Columnist
Mr. Lynch has over 25 years experience working as an investment banker in New York, with start up and development stage companies in the technology, computer and medical fields. In addition, he has worked for 25 years as an independent securities analyst in small emerging technology companies with a primary focus on alternative energy and has served as a contributing editor for the past 15 years to the Photovoltaic Insider Report, a leading alternative energy publication primarily directed at industry. Mr. Lynch is available for interviews upon request.
For more information contact:
Dawn Van Zant / Trevor Ruehs
Toll free: 800-665-0411
Email: dvanzant@investorideas.com or truehs@investorideas.com
Web Site: http://www.InvestorIdeas.com