PowerHouse Energy - Initiation of Coverage. Conviction Buy.
​AIM listed PowerHouse Energy (PHE) is a waste-to-hydrogen business focusing on the development and commercialisation of its proprietary Ultra High Temperature Gasification technology.
Our DCF analysis suggests a net NPV of £52.75 million, or 4.24p per share, 324% above the current share price of 1p. But, using what we consider to be conservative assumptions, we see significant further potential upside. We initiate coverage of PowerHouse Energy with a Conviction Buy stance.
Powerhouse Energy Group is engaged in the development of the PHE G3-UHt Waste-to-Energy System in order to achieve its full commercial roll-out. The system's gasification reactor converts waste materials such as non-recyclable plastic, biomass, and other waste streams into a synthesis gas composed primarily of hydrogen and carbon monoxide.
Align Research is a commissioned research company founded in November 2015 in order to provide the under-served smaller company space with high quality analysis. We have an initial focus on the natural resources sector, in which we see significant opportunities given the current once in a generation bear market, however all undervalued small caps (sub £100m) are considered by our team. Align was founded by industry professionals with decades of experience in the stock markets, headed up by highly qualified individuals from both fund management and analytical backgrounds.
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