‘Hydrogen and Electric Vehicle Era’ 100% of plug power this year ↑… Wall Street Guru “needs part of Tesla”

From the start of this year, while hydrogen and electric vehicle-related companies have shaken the New York Stock Market, the share price of General Motors (GM), which has declared an’electric vehicle company’, has reached an all-time high since relisting. With Tesla’s share price rising 20% ​​in the first 10 days of the New Year’s opening, and PlugPower’s share price, which has been in collaboration with Ford and Renault, to produce electric vehicles, soaring 100%, Wall Street’s “Investment Guru” Howard Max Oaktree Capital Management co-founder took Tesla as an example. The era of food value investment is over,” he declared and attracted the attention of the market.

On the 12th (local time) in the New York Stock Market, the share price of the hydrogen fuel cell maker PLUG surged 22.33%, closing the deal at $66.02 per share (about 72,300 won). The company’s stock price rose 6.73% in after-hours trading, attracting attention. On the day, Plug Power and Renault, a leading French automobile manufacturer, issued a joint statement and announced that they will establish a joint venture with a 50-50 stake by the end of June to advance into a hydrogen battery vehicle (LCV), which attracted investors. The two companies plan to build a hydrogen fuel cell center in France.

Plug Power is the largest shareholder by securing a 9.9% stake by SK Group in Korea. Not only Renault, but also Ford Motors is collaborating with hydrogen fuel cells.

Meanwhile, GM’s stock price, one of the three major US automakers along with Ford Fiat Chrysler, surged 6.29% on the same day, closing the deal at $47.82 per share (about 52,300 won). This is the highest price ever since GM broke through bankruptcy and relisted on the stock market in November 2010. GM CEO Mary Barra at the’Consumer Electronics Show (CES) 2021′ keynote speech on the morning of the same day, “The electric delivery truck’BrightDrop’ business headquarters was newly created and a large electric van from the second half of this year. It is the result of the concentrated buying of investors, saying, “We will sell the EV600.”

In addition to GM, Daimler, Revion, Canoe, and Allival are competing in the electric delivery truck market. GM plans to deliver 500 EV600 units to FedEx, a major US shipping company. EV600 uses a low-cost, high-efficiency’ultium battery’. With one charge, it can drive 250 miles (about 400 km), and the company judges that this amount corresponds to the daily mileage of a delivery truck.

This year, GM has been emphasizing the transformation into an electric vehicle company instead of an internal combustion locomotive. The company announced that it is developing a high-end Cadillac EV electric vehicle and a’flying car’ eVTOL aircraft with autonomous take-off and landing functions. Investment bank Morgan Stanley predicts that the urban autonomous aircraft market will reach $1.5 trillion by 2040. Fiat Chrysler, Hyundai Motor Company, and Whisk sponsored by Boeing have already entered the business.

On the 10th, GM unveiled a new logo with the meaning of “Everyone’s Electric Vehicle” on the 10th, and said the next day, “We will join hands with all the great companies, including Honda Motors in Japan and LG Chem in Korea, to surpass Tesla.” By 2025, the goal is to invest $27 billion in electric vehicles and autonomous driving to launch a total of 30 electric vehicles, and to sell 1 million electric vehicles per year in the US and China, the largest markets.

On the other hand, Tesla’s share price rose by 4.72% a day, closing at 849.44 dollars per share (about 930,000 won). The Indian Express newspaper reported on the 12th that the company reported the establishment of a corporation under the name of’Tesla Motors India & Energy’ to local authorities and opened an office in southern Bengaluru of the’India Silicon Valley’ on the 8th. . News of the advance into India, the largest consumer market in Asia after China, has been steadily coming out, but if the company’s stock price rises whenever additional news is delivered, Tesla’s stock price has soared 20.37% this year. Investors also raised expectations that orders for high-end electric vehicle model Y produced by Shanghai Giga Factory in China are rushing in the new year.

Amid the rapid expansion of the next-generation automobile market such as hydrogen and electric vehicles, Howard Max (74), who is called the’investment guru’ of Wall Street, said on Bloomberg TV on the 12th, “It is time to reduce the proportion of Tesla stock and realize profits.” He said, “If people bought Tesla stock two years ago, they would be very rich now,” he said. On the 7th of this month, RBC Capital Market admitted that “we were completely wrong, who underestimated Tesla,” and raised the target price from $339 to $700. On the 11th, the large investment bank Bank of America (BofA) raised the target price of Tesla. It has been raised from $500 to $900. However, considering that Tesla’s share price jumped more than 700% in the past year alone, Max believes that it is necessary to sell some stocks to adjust the proportion of the portfolio.

The day before, Max declared, “It is no longer possible to distinguish between growth stocks and value stocks,” through an investment memo. In a memo, he wrote, “Since the stock price of growth stocks has risen a lot these days, many people ask what it would be like to invest in value stocks,” he said. “But I think there is no need to divide growth stocks and value stocks.” Max’s investment memo, known as an expert in investing in bad debt, is famous for being deliberately read by Warren Buffett (90), Chairman of Hathaway, who is a “investment genius.”

“The time when Warren Buffett and (his mentor) Benjamin Graham were famous as value investors and the time of innovation where everything is changing rapidly is completely different, so the concept of value investing must be different.” It is difficult to find’undervalued value stocks’ because it is expanding and investors can quickly access a lot of information.” Value stocks are stocks whose stock price is cheaper than the company’s value. Growth stocks refer to stocks that have a higher share price compared to the immediate value of the company, reflecting the company’s future growth potential rather than its current performance.

[김인오 기자]
[ⓒ 매일경제 & mk.co.kr, 무단전재 및 재배포 금지]