Over the last couple of days, the cleantech industry has suffered from an uninspiring newsflow. First, three of California’s major utilities proposed to increase grid access fees and reduce compensation for consumers who install solar panels on their home rooftops, a move that would make solar economics less attractive for consumers. Second, hydrogen leader Plug…
“A Zest of Crypto On Booming e-commerce Trends” is probably the best way to depict right now our Fintech certificate which is up 25% year-to-date (and 80% over the last 12 months). We started building a crypto pocket in our portfolio and investing in several “crypto equities” (that mine or invest their cash reserves in digital…
Hydrogen fuel cell maker Plug Power, our largest portfolio company, just announced a strategic partnership with SK Group, one of the leading South Korean conglomerates which owns various businesses in the energy industry. The partnership aims to accelerate hydrogen penetration in Korea and broader Asian markets and to leverage Plug Power’s fuel cell and electrolyzer…
Since the vaccine news last month, some investors have started questioning the growth sustainability of work-from-home winners, including cybersecurity names, considering that most lockdowns are now behind us and that we are heading towards a full economy reopening in 2021. This week’s earnings and guidance from some of the top software vendors securing the remote…
The newsflow in the gaming industry remains extremely supportive, to say the least. Last week, Nvidia commented that demand for its graphics cards was significantly exceeding supply and Ubisoft announced that its latest Assassin’s Creed title was the biggest first-week seller in the franchise, suggesting that consensus relatively low expectations for Assassin’s Creed Valhalla are…
Electric Vehicles (EVs) are all the rage right now, especially since Biden’s election victory and the recent stellar quarterly results from leading pure play EV manufacturers like Tesla in the US and XPeng and Li Auto in China. The upcoming electrification of all vehicles (cars, buses, trucks, forklifts…) keeps on attracting many startups with the…
If one needed fresh evidence that hydrogen technologies are commercially ready and on their way to profitability, Plug Power, our largest portfolio position, provided it last week as the fuel cell maker reported 80% revenue growth to $107m in Q3 and a 19% EBITDA margin, way above consensus expectations and already close to its 2024…
The roller-coaster ride is set to continue for Beyond Meat, one of our largest Food Revolution positions, with significant disappointment and confusion last night following the company’s Q3 earnings report and McDonald’s announcement of its MacPlant burger (initial perception was that McDonald’s would develop plant-based burgers on its own). Even if we understand the short-term reaction,…
There’s definitely a lot of excitement around liquid biopsies and genomic testing, as illustrated by the acquisition announced today of Thrive Earlier Detection for up to $2.15bn by Exact Sciences. This transaction follows the $8bn purchase of Grail by Illumina a few weeks ago and that of ArcherDx by Invitae for up to $1.4bn in June.…
HelloFresh, the leading German online mealkit provider, just pre-announced impressive figures for Q3 with revenue expected up 120% to around EUR970m (vs. EUR836m initial guidance) and EBITDA expected to rise 7x to around EUR115m (vs. EUR73m initially). The company raised its full-year guidance accordingly, now forecasting 95%-105% revenue growth vs. 75%-95% previously. The read-across is…