H-power (LON:HPOW) Stock: Insider John Wilson Acquires 236,438 Shares

H-power (LON:HPOW) insider John Wilson bought 236,438 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were acquired at an average cost of GBX 8 per share, for a total transaction of £18,915.04.

H-power Price Performance

Shares of HPOW stock opened at GBX 8.16 on Thursday. H-power has a 52 week low of GBX 7.90 and a 52 week high of GBX 17.20. The stock has a market cap of £92.73 million and a PE ratio of -4.72. The firm has a 50 day simple moving average of GBX 10.08.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 25 price objective on shares of H-power in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, H-power presently has a consensus rating of “Buy” and a consensus target price of GBX 25.

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.