HPQ Silicon: “The quiet battery revolution” and more in one stock!
The experts at researchanalyst.com describe their analysis of HPQ Silicon as “The quiet battery revolution.” This is because the company is still a hidden gem, even though it offers precisely that rare combination of technological innovation, scaling potential, and strategic relevance that is actually in demand on the stock market. And the company has a whole lot more to offer. It combines the fields of pyrogenic silica, silicon anode materials for batteries, and hydrogen technology into an integrated business model.
In an interview with Lyndsay Malchuk of the International Investment Forum, CEO Bernard Tourillon explained that all projects are based on the same fundamental idea—the development of more environmentally friendly production processes for key industrial materials. Instead of building three independent business units, Tourillon sees this as a diversified technology portfolio with shared synergies and a focus on critical future markets.
HPQ Silicon currently sees particularly great potential in pyrogenic silica. The product is relatively unknown, but all the more important for it. Pyrogenic silica is used in numerous industrial products to stabilize materials, thicken them, or enhance durability. It is used, among other things, in batteries, paints, adhesives, cosmetics, electronics, and high-tech materials. Together with its technology partner, PyroGenesis, HPQ has developed a process that enables direct production from quartz in a single step. This could eliminate numerous energy- and cost-intensive intermediate steps in traditional industrial processes. According to Tourillon, the company has now demonstrated, not only on a laboratory scale but also at the pilot level, that commercially viable material can be produced. Furthermore, some of the industry’s largest players have already validated the quality. Following initial pre-orders and several letters of intent, HPQ is now in discussions regarding the next phase of scaling toward industrial production.
The company also sees itself as well-positioned in the battery sector. Silicon has long been regarded as a promising material for more powerful batteries, but the material’s tendency to swell has so far hindered its commercial use. Tourillon explained that HPQ Silicon has developed a solution to this problem, leveraging its experience with silicon nanomaterials. According to the company, commercial cell formats such as 21700 and 18650 batteries have already been successfully tested. This could allow HPQ to benefit from the rising demand for more powerful energy storage solutions, particularly in the fields of electric mobility and stationary battery systems. Most recent news has also come from this sector. For instance, HPQ Silicon has achieved strong test results with its GEN4 silicon anode material. A new semi-solid drone battery reached an energy density of 395 Wh/kg at the pack level, significantly outperforming conventional lithium-polymer and many modern lithium-ion drone batteries, according to the company. The tested 8S battery pack delivered a capacity of 15,900 mAh and 457 Wh of total energy while weighing just 1.16 kg. According to HPQ, this represents a performance increase of approximately 23% to 36% compared to well-known reference systems. The company had previously conducted successful tests with 21,700-series cylindrical cells delivering more than 7,000 mAh. Pre-commercial production in industry-standard formats is already underway, and HPQ is in intensive discussions with potential industrial partners.
As a third pillar, HPQ Silicon is driving the development of hydrogen technology that relies on hydrolysis rather than electrolysis. In this process, hydrogen is produced through a chemical reaction with recycled aluminum. According to Tourillon, this method enables on-demand hydrogen production without the need for complex infrastructure.
https://youtu.be/uHzaP_jOUXw?si=FSGCRPEOuiZIfv2h
Plug Power: Finally, Progress on a Major Contract
The fact that HPQ Silicon aims to revolutionize hydrogen production by switching from electrolysis to hydrolysis is likely to interest Plug Power as well. The US hydrogen specialist is once again a favourite among investors. Since early March, the stock has surged from a high of USD 1.80 to over USD 4. It is currently consolidating above USD 3.
Operationally, there is finally something new to report regarding a major project. Plug Power is reportedly making progress on its major project in Barrow-in-Furness, UK. The 30-megawatt green hydrogen production project has now received the final investment decision (FID). The plant is being developed by the joint venture GHECO, backed by Schroders, Greencoat, and Carlton Power. Plug Power is supplying six PEM electrolyzers from its GenEco series, each with a capacity of 5 MW, for the project. The plant is expected to produce approximately 100 GWh of green hydrogen per year.
The hydrogen produced is intended for a plant operated by the US consumer goods group Kimberly-Clark in Barrow. Among other things, products from the Andrex and Kleenex brands are manufactured there. According to the project partners, this could enable the site to reduce its natural gas consumption by up to 50%. At the same time, an annual CO₂ reduction of approximately 18,300 tons is expected. The project is also supported by the UK’s “Hydrogen Allocation Round 1” funding program.
With the FID, Barrow is the first of a total of three UK hydrogen projects that Plug Power is implementing together with GHECO and which are now moving into the concrete construction phase. The other projects, Trafford and Langage, remain in the development phase. Plug Power continues to view Europe as one of the most important growth markets for its electrolysis technology. According to the company, the European project pipeline now includes projects worth more than USD 2 billion, including projects in the UK and Spain.
Steyr Motors: Analysts Optimistic
While energy stocks such as Plug Power and HPQ Silicon are in the spotlight among investors due to the conflict in the Middle East and the associated issues in the energy markets, defence stocks are currently taking a back seat. Thanks to consolidation in the sector, Steyr Motors’ stock has actually fared well. The stock is up about 3% this year. For German industry leader Rheinmetall, performance in the current year stands at -23%.
Analysts at NuWays gave the stock of the specialty-engine provider for military and civilian applications a boost yesterday. As a result, Steyr shares jumped by 7% to EUR 38.54. NuWays sees the fair value of the stock at EUR 60 and recommends buying it. Analysts do not view the rather weak quarterly figures as a drag on the medium-term investment story. In the first quarter of 2026, revenue rose by 2% to EUR 11.7 million, while adjusted EBIT fell to EUR 0.9 million due to upfront costs for personnel and capacity expansion as well as the postponement of high-margin projects. The main reason cited was delays in orders from India and the Middle East due to geopolitical tensions surrounding Iran. Nevertheless, the company confirmed its full-year revenue forecast of EUR 75 to 95 million and an EBIT margin of at least 15%. The reason for analysts’ optimism is the high order backlog of EUR 308 million, as well as legally binding orders totalling around EUR 200 million.
NuWays highlights Steyr Motors’ strong positioning in the marine and defence sectors as a key growth driver. The engine specialist is thus benefiting from the expansion of unmanned naval systems and new procurement programs by the US Navy. For example, the company is an established engine supplier for the US Navy’s seven-meter-long RIB boats. Furthermore, the acquisition of BUKH is expected to expand the product portfolio and strengthen the market position in the marine sector. The appointment of Björn Krausmann as the new CFO is also viewed positively, as his experience in internationalization, financing, and M&A is expected to support the next phase of growth. According to NuWays, the business remains structurally attractive due to high technical requirements, long product life cycles, and high switching barriers.
NuWays expects a massive acceleration in revenue and profitability in the coming years. Following revenue of EUR 48.5 million in 2025, sales are projected to rise to EUR 78 million in 2026. In 2028, revenue is projected to reach as much as EUR 156 million. Concurrently, EBITDA is expected to climb from EUR 6.8 million in 2025 to EUR 13.8 million this year and to EUR 35.8 million in 2028. The EBITDA margin would thus rise from 14.0% to 22.9%.
For HPQ Silicon, the timing could be just right. Globally, investments are being made in energy independence and new supply chains. It is precisely in this environment that HPQ Silicon sees an opportunity to drive multiple technologies toward simultaneous commercialization. The stock does not appear to be expensive. Plug Power, with a market capitalization of around USD 4.6 billion, is certainly expensive. The question is whether it will finally manage to turn a profit. The company has never achieved this before. Steyr Motors appears to be on the verge of a strong growth spurt in an exciting niche.
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