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Hydrogenone Capital Growth Plc ( (GB:HGEN) ) has shared an update.
Hydrogen Capital Growth plc, a company involved in the investment of hydrogen technology firms, has announced a significant update regarding its portfolio company, Bramble Energy Limited. Bramble, a hydrogen fuel cell producer, has failed to secure necessary third-party investments and has entered administration after an unsuccessful accelerated sale process. This development has led Hydrogen Capital Growth plc to write down its £11 million investment in Bramble to zero, significantly impacting its net asset value.
The most recent analyst rating on (GB:HGEN) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Hydrogenone Capital Growth Plc stock, see the GB:HGEN Stock Forecast page.
More about Hydrogenone Capital Growth Plc
Average Trading Volume: 202,387
Technical Sentiment Signal: Sell
For an in-depth examination of HGEN stock, go to TipRanks’ Overview page.