Hydrogenone Capital Growth Plc ( (GB:HGEN) ) just unveiled an announcement.
HydrogenOne Capital Growth Plc announced its annual results for 2024, highlighting a decrease in Net Asset Value (NAV) from £132.7 million to £116.4 million and a significant drop in share price. Despite these financial challenges, the company reported positive revenue growth from its portfolio companies and substantial investments in clean hydrogen, with over £500 million raised in new equity, loans, and grants. The clean hydrogen sector continues to grow, with global investments reaching £9 billion in 2024, and the company remains optimistic about future growth and its role in reducing greenhouse gas emissions.
More about Hydrogenone Capital Growth Plc
HydrogenOne Capital Growth Plc is the first London-listed fund investing in clean hydrogen, aiming for a positive environmental impact. Launched in 2021, the company focuses on capital growth through investments in hydrogen and complementary assets, integrating ESG principles. It is classified as an Article 9 climate impact fund under the Sustainable Finance Disclosure Regulation.
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Technical Sentiment Signal: Buy
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