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ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 22 April 2024

This week, we're taking a closer look at Ørsted. Despite challenges in the last few years, we now argue Ørsted is back on the right path. We rate the stock a BUY, and set a 12-month TP of DKK 450/sh.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
04/22/24 April 22, 2024 1 EN
ABGSC Renewable Energy Research ... (+2)
  • ABGSC Renewable Energy Research
  • Haakon Amundsen
PREMIUM
NEL-NO NEL HYDROGEN

Underlying performance highlights challenges

Revenues 39% below cons and softer underlying EBITDA. Backlog down 14% y-o-y is not great for a growth case. In need of volumes - HOLD.

04/17/24 April 17, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 12 April 2024

This week , we provide some insight into the marginal pricing of electricity markets in Europe, as well as calculation details and a simple calculator where investors can enter their own assumptions.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
04/12/24 April 12, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 4 April 2024

This week, we take a look at cost developments in the offshore wind supply chain.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
04/04/24 April 4, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 27 March 2024

Of our basket of 41 stocks, returns were positive for 33 and negative for 8 over the week. Median performance 4.1%, average 9.9%. Sub-sectors: Wind (3%), Solar (7%), Hydrogen (7%), Cleantech/other (2%).

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
03/27/24 March 27, 2024 1 EN
ABGSC Renewable Energy Research ... (+7)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
GARO-SE GARO
IWS-NO Integrated Wind... ... (+23)

Renewable Weekly - ​21 March 2024

This week we highlight the offshore wind auction for Sørlige Nordsjø II (SNII). The winning bid was from the consortium Ventyr (Parkwind and Ingka Investments) at a price of NOK 1.15/kWh.

GARO-SE GARO
IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
SEAW7-NO SEAWAY 7
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
03/21/24 March 21, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 11 March 2024

This week, we take a look at the new rules for deposit return systems in EU, following a provisional political agreement between the European Council and European Parliament representatives last week.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
03/11/24 March 11, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 4 March 2024

On aggregate, the R&Ct stocks underperformed MSCI Nordic by ~13% throughout the season (26 Jan to 4 Mar)

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
03/04/24 March 4, 2024 1 EN
ABGSC Renewable Energy Research ... (+2)
  • ABGSC Renewable Energy Research
  • Haakon Amundsen
PREMIUM
NEL-NO NEL HYDROGEN

Project FIDs determine direction

Operational improvement, cash flow still depressed in Q4. It is all tied to project sanctioning. Market direction key as valuation support is hard to find : HOLD, TP NOK 5.

02/28/24 February 28, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+20)

Renewable Weekly – 27 February 2024

This week, we would like to highlight one of our key long ideas in the sector: Volue (BUY, TP 31.5), which is a Norwegian technology company.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
02/27/24 February 27, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 19 February 2024

This week, we summarise the key takeaways from the Nordic Renewables & Cleantech companies that have reported Q4 figures so far.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
02/19/24 February 19, 2024 1 EN
ABGSC Renewable Energy Research ... (+2)
  • ABGSC Renewable Energy Research
  • Haakon Amundsen
PREMIUM
NEL-NO NEL HYDROGEN

Challenges around most corners

Q4 earnings likely stable vs. Q3, but negative orders. Medium-term growth outlook challenged. Could be too early to grab a falling knife - HOLD, NOK 5 (8).

02/02/24 February 2, 2024 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 10 December 2023

Of our basket of 42 stocks, returns were positive for 27 and negative for 15 for the week. Median performance +2.7%, average +3.5%. Sub-sectors: Wind (+4%), Solar (+2%), Hydrogen (+4%), Cleantech/other (+4%).

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
12/10/23 December 10, 2023 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 3 December 2023

Of our basket of 42 stocks, returns were positive for 27 and negative for 15 for the week. Median performance +0.8%, average +2.2%. Sub-sectors: Wind (+1%), Solar (+6%), Hydrogen (+2%), Cleantech/other (+1%).

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
12/03/23 December 3, 2023 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 26 November 2023

This week we focus on the rapid development of wind turbine size.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
11/26/23 November 26, 2023 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 19 November 2023

On aggregate, the R&Ct stocks underperformed MSCI Nordic by ~9% throughout the season (10 Jul to 29 Aug), i.e. before the Orsted warning.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
11/19/23 November 19, 2023 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+20)

Renewable Weekly – 12 November 2023

This week, we highlight our upgrade of the Bonheur share to BUY (Hold) from Monday.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
11/12/23 November 12, 2023 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+20)

Renewable Weekly – 3 November 2023

This week, we highlight our upgrade of the Bonheur share to BUY (Hold) from Monday.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
11/03/23 November 3, 2023 1 EN
ABGSC Renewable Energy Research ... (+8)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Olof Cederholm
  • Stian Wibstad
PREMIUM
IWS-NO Integrated Wind...
BONHR-NO BONHEUR ... (+21)

Renewable Weekly – 27 October 2023

This week, we summarise the key take-aways from Nordic Renewables & Cleantech companies that have reported so far during Q3.

IWS-NO INTEGRATED WIND SOLUTIONS
BONHR-NO BONHEUR
NEL-NO NEL HYDROGEN
ORSTED-DK ORSTED
VWS-DK VESTAS WIND SYSTEMS
OX2-SE OX2
CADLR-NO CADELER
EOLU.B-SE EOLUS VIND
EWIND-NO EDDA WIND
ARISE-SE ARISE
SCATC-NO SCATEC
HPUR-NO HEXAGON PURUS
GREENH-DK GREEN HYDROGEN SYSTEMS
TOM-NO TOMRA
AKH-NO AKER HORIZONS
HEX-NO HEXAGON COMPOSITES
ELMRA-NO ELMERA GROUP
VOLUE-NO VOLUE
ZAP-NO ZAPTEC
ECC.B-SE ECOCLIME
BIOGAS-SE BIOKRAFT INTERNATIONAL
10/27/23 October 27, 2023 1 EN
ABGSC Renewable Energy Research ... (+2)
  • ABGSC Renewable Energy Research
  • Haakon Amundsen
PREMIUM
NEL-NO NEL HYDROGEN

Q3 earnings up but growth trajectory uncertain

EBITDA beat in Q3, but cash flow still depressed. How will the Renewables meltdown impact the hydrogen roll-out? Without valuation support, stock needs sector to improve - HOLD.

10/26/23 October 26, 2023 1 EN
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