- The stock price of Fusion Fuel Green (HTOO) fell by 6.23% today. This is why.
The stock price of Fusion Fuel Green (HTOO) fell by 6.23% today.
Why: Bearish research report
Price target: $7
Rating: Sector Perform
Analyst: RBC Capital analyst Erwan Kerouredan
Kerouredan initiated coverage on Fusion Fuel while noting that the company is a pure-play green hydrogen developer with a differentiated positioning in the energy transition space. And green hydrogen demand is expected to grow substantially in the next decade so Kerouredan believes that the company’s integrated product offering and strategic location near cheap renewable power and green hydrogen demand could make for a compelling investment case. However, Kerouredan has a view that the lack of a track record and strong industrial partnerships implies more execution risk.