RCS - HydrogenOne Cap Gwth - Update from QuotedData

Hydrogenone Capital GrowthAnnouncement

18/10/2023 12:00

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RNS Number : 5556Q  HydrogenOne Capital Growth PLC  18 October 2023

HydrogenOne Capital Growth - Update from QuotedData

18(th) October 2023

Sky is the limit for HGEN

The disconnect between HydrogenOne Capital Growth (HGEN)'s net asset value
(NAV), current and prospective track record, and its share price is hard to
rationalise.

The recent bond market rout (yields have spiked higher, driving down bond
valuations) has added insult to injury for renewable energy investors. Higher
interest rates have increased concerns around the availability and cost of
financing, in addition to the added competition from money market funds, which
are now providing steady returns with lower risks than other investment types.
Even so, share price discounts to net asset values on renewable energy funds
now appear to be out of step with reality, driven by sentiment rather than any
fundamental justification.

This is certainly the case for HGEN, which saw revenue growth of 170%
year-on-year across its portfolio of green hydrogen investments (page 6 of our
April 2023 initiation note gives a detailed breakdown of the different types
of hydrogen - green being the most sustainable as it is produced by
electrolysis powered by renewable energy), further vindicating the investment
case. Whilst the last six months have been particularly harrowing for many
investors, there appear to be few trusts with as high a potential ceiling as
HGEN, and for the long-term investor, the current discount to NAV should
provide an excellent entry point.

Full Research:

https://quoteddata.com/research/hydrogenone-capital-growth-sky-limit-hgen-qd/
(https://quoteddata.com/research/hydrogenone-capital-growth-sky-limit-hgen-qd/)

This research is also available free on our website www.quoteddata.com
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NB: Marten & Co was paid to produce this note on HydrogenOne Capital
Growth Plc and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
QuotedData is a trading name of Marten & Co Limited which is authorised
and regulated by the Financial Conduct Authority. Marten & Co is not
permitted to provide investment advice to individual investors categorised as
Retail Clients under the rules of the Financial Conduct Authority.

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