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Hydrogenone Capital Growth Plc ( (GB:HGEN) ) has issued an update.
HydrogenOne Capital Growth plc has released its annual hydrogen sector review, highlighting a significant increase in forecasts for clean hydrogen growth despite current industry challenges. The review notes that while the sector faces obstacles like supply chain issues and geopolitical tensions, the construction of 3mtpa green hydrogen and a $69 billion investment commitment indicate a rapid expansion in supply by 2027. This growth is expected to impact industrial gas, buses, stationary power, and e-fuels, positioning clean hydrogen as a critical component in the global energy transition.
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
HydrogenOne Capital Growth plc is the first London-listed fund focused on investing in clean hydrogen, aiming for a positive environmental impact. The company is involved in the hydrogen industry, which is driven by climate change, air quality, and energy security. Clean hydrogen is seen as a solution for reducing greenhouse gas emissions and replacing fossil fuels in various sectors such as transportation and power generation.
Average Trading Volume: 267,715
Technical Sentiment Signal: Sell
See more data about HGEN stock on TipRanks’ Stock Analysis page.