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Hydrogen Utopia International PLC ( (GB:HUI) ) has shared an announcement.
Hydrogen Utopia International PLC has signed a Memorandum of Understanding with Saudi-based Hydrogen Systems LLC, under which Hydrogen Systems will provide engineering, procurement, construction and operations and maintenance services for HUI’s planned waste-to-hydrogen facilities in Saudi Arabia. Leveraging HUI’s exclusive MENA-region licence for InEnTec’s plastic waste-to-hydrogen technology and Hydrogen Systems’ on-the-ground hydrogen infrastructure expertise, the collaboration is intended to strengthen HUI’s execution capability, support its engagement with the Saudi Investment Recycling Company, and position the company to scale waste-to-hydrogen projects that align with Saudi Arabia’s Vision 2030 energy transition, circular economy and net-zero objectives, with the non-binding MoU expected to evolve into definitive project agreements over time.
The most recent analyst rating on (GB:HUI) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Hydrogen Utopia International PLC stock, see the GB:HUI Stock Forecast page.
Spark’s Take on GB:HUI Stock
According to Spark, TipRanks’ AI Analyst, GB:HUI is a Neutral.
The score is held down primarily by weak financial performance (no revenue, continued losses, and recent cash burn alongside declining equity and rising debt). Technicals are a clear positive with strong trend and constructive momentum, but valuation remains unattractive due to loss-making fundamentals and no dividend support.
To see Spark’s full report on GB:HUI stock, click here.
More about Hydrogen Utopia International PLC
Hydrogen Utopia International PLC (HUI) is a European clean-tech company that develops facilities to convert non-recyclable mixed waste plastics, tyres and hazardous waste into hydrogen, syngas, carbon-free fuels, new materials and distributed renewable heat. Its business model anticipates revenue from the sale of hydrogen and other gases, electricity and heat, as well as gate fees for waste received, with a focus on regions offering strong private-sector interest and access to public or government-backed funding for alternative energy solutions.
Average Trading Volume: 1,162,895
Technical Sentiment Signal: Buy
Current Market Cap: £15.36M
Find detailed analytics on HUI stock on TipRanks’ Stock Analysis page.