Canaccord Genuity Group Reaffirms Speculative Buy Rating for H-power (LON:HPOW)

H-power (LON:HPOW)‘s stock had its “speculative buy” rating restated by research analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, London Stock Exchange reports. They currently have a GBX 25 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 159.61% from the company’s current price.

H-power Stock Down 1.1%

H-power stock opened at GBX 9.63 on Wednesday. The business has a 50 day moving average price of GBX 10.76. The stock has a market cap of £109.48 million and a price-to-earnings ratio of -5.57. H-power has a 12-month low of GBX 9.60 and a 12-month high of GBX 17.20.

About H-power

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.