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22 Nov 2023

CMD coming up

Hydro Exploitations (MLHYE:EPA), 0 | HYDROGEN ENGINE CENTER (HYEG:NYSE), 0 | Hydrogen Hybrid Technologies I (HYHY:NYSE), 0 | Hydromer Inc (HYDI:NYSE), 0 | Hydrocarbon Dynamics Limited (HCD:ASX), 0 | Hydropneumotechnics AD (HPT:BUL), 0 | Hydrogen Freehold & Leasehold Real Estate Investment Trust (HYDROGEN:BKK), 0 | HydroGenetics Inc (HYGN:NYSE), 0 | Hydrogen Refueling Solutions SA (ALHRS:PAR), 0 | Hydro One Limited (H:TSE), 0 | Hydrogenics Corporation (HYG:TSE), 0 | Hydromelioracie a.s. (1HML01A:BRA), 0 | Hydrofarm Holdings Group, Inc. (HYFM:NAS), 0 | HYDROTEC AG (HYW:BER), 0 | Hydrograph Clean Power Inc (HG:CNQ), 0 | HYDRO Exploitation SA (MLHYE:PAR), 0 | Hydro Hotel, Eastbourne, plc (HYDP:PLU), 800 | Hydro International (HYD:LON), 0 | Hydrogen Capital Growth plc (HGEN:LON), 25.8 | HydrogenPro ASA (HYPRO:OSL), 0 | Hydro Lithium Inc (101670:KRX), 0 | Hydrogen Utopia International PLC (HUI:LON), 1.5 | Hydrogen Future Industries PLC (HFI:PLU), 1.1 | Hydrogene de France (HDF:PAR), 0 | Hydromash OJSC (NGRM:RUS), 0 | Hydrogen Engine Center, Inc. (HYEG:OTC), 0 | Hydrotek Public Co,. Ltd. (HYDRO:BKK), 0 | Hydrogen Hybrid Technologies, Inc. (HYHY:OTC), 0 | HydroGenetics, Inc. (HYGN:OTC), 0 | Hydromer, Inc. (HYDI:OTC), 0 | Hydro Power Technologies Inc (PYBX:OTC), 0 | Hydro Power JSC-Power No.3 (DRL:STC), 0

- Bengt Jonassen | ABGSC Metals & Mining Research | Martin Melbye
- 22 pages

We expect increased targets, but also higher capex. Lowering estimates on weaker re-melt margins. Stick to HOLD, TP NOK 65.

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CMD coming up

Hydro Exploitations (MLHYE:EPA), 0 | HYDROGEN ENGINE CENTER (HYEG:NYSE), 0 | Hydrogen Hybrid Technologies I (HYHY:NYSE), 0 | Hydromer Inc (HYDI:NYSE), 0 | Hydrocarbon Dynamics Limited (HCD:ASX), 0 | Hydropneumotechnics AD (HPT:BUL), 0 | Hydrogen Freehold & Leasehold Real Estate Investment Trust (HYDROGEN:BKK), 0 | HydroGenetics Inc (HYGN:NYSE), 0 | Hydrogen Refueling Solutions SA (ALHRS:PAR), 0 | Hydro One Limited (H:TSE), 0 | Hydrogenics Corporation (HYG:TSE), 0 | Hydromelioracie a.s. (1HML01A:BRA), 0 | Hydrofarm Holdings Group, Inc. (HYFM:NAS), 0 | HYDROTEC AG (HYW:BER), 0 | Hydrograph Clean Power Inc (HG:CNQ), 0 | HYDRO Exploitation SA (MLHYE:PAR), 0 | Hydro Hotel, Eastbourne, plc (HYDP:PLU), 800 | Hydro International (HYD:LON), 0 | Hydrogen Capital Growth plc (HGEN:LON), 25.8 | HydrogenPro ASA (HYPRO:OSL), 0 | Hydro Lithium Inc (101670:KRX), 0 | Hydrogen Utopia International PLC (HUI:LON), 1.5 | Hydrogen Future Industries PLC (HFI:PLU), 1.1 | Hydrogene de France (HDF:PAR), 0 | Hydromash OJSC (NGRM:RUS), 0 | Hydrogen Engine Center, Inc. (HYEG:OTC), 0 | Hydrotek Public Co,. Ltd. (HYDRO:BKK), 0 | Hydrogen Hybrid Technologies, Inc. (HYHY:OTC), 0 | HydroGenetics, Inc. (HYGN:OTC), 0 | Hydromer, Inc. (HYDI:OTC), 0 | Hydro Power Technologies Inc (PYBX:OTC), 0 | Hydro Power JSC-Power No.3 (DRL:STC), 0

Published: 22 Nov 2023
Author: Bengt Jonassen | ABGSC Metals & Mining Research | Martin Melbye
Pages: 22

We expect increased targets, but also higher capex. Lowering estimates on weaker re-melt margins. Stick to HOLD, TP NOK 65.

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