H-power (LON:HPOW) Given “Speculative Buy” Rating at Canaccord Genuity Group

H-power (LON:HPOW)‘s stock had its “speculative buy” rating reissued by Canaccord Genuity Group in a report released on Wednesday, London Stock Exchange reports. They currently have a GBX 25 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 159.61% from the stock’s current price.

H-power Stock Performance

LON HPOW opened at GBX 9.63 on Wednesday. The company has a market capitalization of £109.48 million and a price-to-earnings ratio of -5.57. The stock has a 50-day simple moving average of GBX 10.76. H-power has a twelve month low of GBX 9.60 and a twelve month high of GBX 17.20.

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.