H-power’s (HPOW) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of H-power (LON:HPOW) in a research report released on Wednesday, Marketbeat.com reports. They currently have a GBX 25 target price on the stock.

H-power Stock Performance

LON:HPOW opened at GBX 9.78 on Wednesday. The firm has a market cap of £111.18 million and a P/E ratio of -5.65. The stock’s fifty day moving average price is GBX 10.67. H-power has a 52-week low of GBX 9.58 and a 52-week high of GBX 17.20.

H-power Company Profile

H-Power plc (AIM: HPOW) (formerly AFC Energy plc) is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers’ needs with scalable, reliable supplies of low carbon hydrogen and power. H-Power is enabling customers to decarbonise at a price that is commercially viable.
We are focused on the successful commercial rollout of our core product suite and on creating significant shareholder value by converting our growing opportunity pipeline into contracted orders and delivering sustained revenue growth.