Haydale Graphene Secures Key Contracts to Boost Energy Efficiency

Haydale Graphene ( (GB:HAYD) ) has provided an announcement.

Haydale Graphene Industries PLC has announced two new contracts with Affordable Warmth Solutions (AWS) worth approximately £450,000. These contracts involve the deployment of Haydale’s JustHeat system to vulnerable households and a grid stability trial. The initiative aims to provide affordable heating solutions and enhance grid stability, marking a significant milestone with over £1 million in contracted revenues with UK energy partners. The successful implementation of these programs could lead to broader adoption of JustHeat, positioning Haydale for further growth in the energy efficiency sector.

The most recent analyst rating on (GB:HAYD) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Haydale Graphene stock, see the GB:HAYD Stock Forecast page.

Spark’s Take on GB:HAYD Stock

According to Spark, TipRanks’ AI Analyst, GB:HAYD is a Neutral.

Haydale Graphene’s overall score is primarily influenced by its financial challenges, with persistent net losses and cash flow issues overshadowing recent positive corporate events and technical momentum. While strategic developments and partnerships offer potential growth, financial stability remains a critical concern.

To see Spark’s full report on GB:HAYD stock, click here.

More about Haydale Graphene

Haydale Graphene Industries PLC is an advanced materials group specializing in the development and commercialization of graphene-based products. The company focuses on enhancing material properties and energy efficiency, with a market emphasis on collaborating with energy network partners to address fuel poverty and improve energy outcomes.

Average Trading Volume: 5,919,835

Technical Sentiment Signal: Buy

Current Market Cap: £28.1M

Find detailed analytics on HAYD stock on TipRanks’ Stock Analysis page.