ITM and Linde heavyweights suggesting a potential upward trend for the index?
The E-Mobility Hydrogen Index (WKN: SLA8F8) has seen a significant rise, with a recovery that has boosted its trading by almost 40 percent since its launch. This index, which offers a basket of stocks for hydrogen sector investment, has been developed by Börsenmedien AG, and its securities are licensed for use by an issuer.
The index is not solely focused on individual stocks but rather tracks companies involved in the development and production of hydrogen technologies with a focus on e-mobility. These include fuel cell manufacturers, hydrogen producers, and suppliers of related infrastructure.
Key Players in the Index
Some of the key players in the index include:
- Plug Power Inc.: A company specialising in fuel cell systems.
- Ballard Power Systems Inc.: A company known for its fuel cell technology.
- Nel ASA: A Norwegian company that focuses on hydrogen electrolyzers and fueling stations.
- ITM Power plc: A British company that specialises in electrolyzer technology.
- Toyota Motor Corporation: A Japanese automotive giant that is active in hydrogen fuel cell vehicles.
- Bloom Energy: An American company that provides fuel cell energy systems.
- FuelCell Energy Inc.: Another American company that focuses on fuel cell products and services.
Top Components and Weightings
The highest weighted component in the index is Linde, with a 23.9 percent weighting. Linde, while not a pure hydrogen player, is driving numerous hydrogen projects forward with determination and substantial capital. Air Liquide follows Linde with a 23.7 percent weighting. The fourth-largest component of the index is ITM Power, with a weighting of 14.2 percent. SFC Energy holds the third-highest weighting at 15.7 percent.
The Role of Green Hydrogen
Green hydrogen could play a key role in the green transition, as it is a clean and renewable energy source. Many states and companies are determined to drive the green transition forward, and the prospects for the hydrogen sector are gradually improving.
Volatility and Performance
The performance of the index tends to be volatile, reflecting the emerging nature of the hydrogen sector. Performance is influenced by technological advancements, government subsidies, regulatory developments, and global energy market dynamics. Over recent years, the index has seen significant growth due to increased interest in clean energy solutions. However, it can also experience corrections alongside the broader clean tech market.
Finding Updated Information
For the latest real-time composition, weightings, and performance data of the E-Mobility Hydrogen Index (WKN: SLA8F8), I recommend checking with financial data providers such as Bloomberg, Refinitiv, or Morningstar. You can also visit the official website of the index provider if available. Additionally, financial platforms that track indices and ETFs, such as Yahoo Finance, MarketWatch, or your brokerage’s research tools, can provide up-to-date information.
If you need assistance interpreting such data or require historical information, feel free to ask!
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