GREY:XEBEQ - Post by User
Post by
Ciaoon Aug 18, 2021 1:41pm
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Post# 33724268
HyGear electrolyzer sales - a hidden gem?
HyGear electrolyzer sales - a hidden gem? Just noticed TD analyst put an updated report and maintained a $12 target price on cleantech electrolyzer stock, Next Hydrogen (NXH).
If they can commerciaize their tech, sales proj. for
2021 is $1.8M, for
2022 is $4.1M giving it a multiple of
53X and 29X EV/sales respectively.
That $12 target price translates to a market cap of $264M (or half of XBC's market cap based on the same analyst's $3.50 target price for XBC).
Is HyGear a hidden gem worth the same or more that Next Hydrogen should HyGear currently have $2 to $4M in commercial sales for their electrolyzers: or is Next Hydrogen being given a favorable pie in the sky valuation (as it appears for ANRG as well) by the TD analyst? Intriguing.
https://hygear.com/wp-content/uploads/2020/04/HYGEAR_HyGen-E_Apr-2020-1.pdf