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Hexagon Composites ( (HXGCF) ) has provided an announcement.
Hexagon Composites reported a significant decline in its third-quarter 2025 financial results, with revenues dropping to NOK 538 million and a negative EBITDA of NOK 54 million. The company attributes this downturn to challenging trade policies, high capital costs, and a cyclical downturn in key segments. Despite these challenges, Hexagon remains optimistic about long-term growth prospects, driven by factors such as an aging truck fleet in the US and positive feedback on new engine technology, which could lead to growth in natural gas trucking.
The most recent analyst rating on (HXGCF) stock is a Hold with a NOK10.00 price target. To see the full list of analyst forecasts on Hexagon Composites stock, see the HXGCF Stock Forecast page.
More about Hexagon Composites
Hexagon Composites is a global leader in composite cylinder technology, providing solutions for the storage and transportation of clean gaseous energy. The company’s products are used in various mobility and industrial applications, contributing to a cleaner energy future.
Average Trading Volume: 2,837,870
Current Market Cap: NOK2.22B
Learn more about HXGCF stock on TipRanks’ Stock Analysis page.