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Powerhouse Energy ( (GB:PHE) ) has provided an update.
Powerhouse Energy Group Plc has announced a significant development in its collaboration with National Hydrogen of Australia (NH2) through the establishment of a project SPV named ‘National Waste to Energy,’ in which Powerhouse holds a 5% equity stake. The project, located in the Rockingham Strategic Industrial Area near Perth, will be executed in phases, beginning with the construction of a 40 TPD DMG train to produce power, followed by the addition of a hydrogen separation unit, and eventually a second DMG train. The project has secured a power offtake agreement with a major energy provider and a feedstock agreement for sorted mixed plastics. This advancement marks a substantial step forward for Powerhouse’s DMG process and strengthens its partnership with NH2, potentially enhancing its market position in the waste-to-energy sector.
The most recent analyst rating on (GB:PHE) stock is a Sell with a £0.50 price target. To see the full list of analyst forecasts on Powerhouse Energy stock, see the GB:PHE Stock Forecast page.
Spark’s Take on GB:PHE Stock
According to Spark, TipRanks’ AI Analyst, GB:PHE is a Underperform.
Powerhouse Energy’s overall stock score is primarily impacted by its poor financial performance and weak technical indicators. The company’s negative profitability and bearish market momentum are significant concerns. Valuation metrics further highlight the stock’s challenges, with a negative P/E ratio and no dividend yield.
To see Spark’s full report on GB:PHE stock, click here.
More about Powerhouse Energy
Powerhouse Energy Group Plc is a company that has developed a process technology to convert waste plastic, end-of-life tires, and other waste streams into syngas, which can be further processed into valuable products like chemical precursors, hydrogen, electricity, and heat. The company also operates Engsolve Ltd, a revenue-generating engineering consulting division specializing in new technologies and clean energy.
Average Trading Volume: 6,405,165
Technical Sentiment Signal: Sell
Current Market Cap: £21.46M
For detailed information about PHE stock, go to TipRanks’ Stock Analysis page.