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

H-power (LON:HPOW)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity Group in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 25 price objective on the stock. Canaccord Genuity Group‘s price objective points to a potential upside of 272.63% from the stock’s current price.

H-power Stock Down 10.3%

LON HPOW opened at GBX 6.71 on Monday. The company has a market cap of £76.31 million and a P/E ratio of -3.88. H-power has a 12-month low of GBX 6.49 and a 12-month high of GBX 17.20. The firm has a 50-day simple moving average of GBX 9.39.

Insider Buying and Selling at H-power

In other H-power news, insider John Wilson purchased 236,438 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was bought at an average cost of GBX 8 per share, for a total transaction of £18,915.04. Insiders own 4.64% of the company’s stock.

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.