Hydrogenone Capital Growth Plc (GB:HGEN) has released an update.
Despite a challenging economic landscape with high inflation and interest rates, HydrogenOne Capital Growth PLC has reported a 5.8% growth in net asset value and a 125% increase in portfolio revenue for 2023, underscoring the booming demand for green hydrogen. The company attributes this surge to significant investments by its portfolio companies to expand production in response to growing order backlogs, and strong industry dynamics bolstered by government funding. However, a discrepancy between the company’s fundamental performance and its share price, which is trading at a significant discount to net asset value, suggests market sentiment is at play, with expectations of a potential re-rating as economic conditions improve.
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