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Thursday, 03/07/2024 8:34:03 AM

Thursday, March 07, 2024 8:34:03 AM

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HC Wainwright Reaffirms Buy on Fusion Fuel Green, Sets $3.5 Price Target

HC Wainwright has reaffirmed its buy rating on Fusion Fuel Green (HTOO) and set a $3.5 price target. This news comes after the company's second quarter 2023 investor update, in which it announced several green hydrogen projects and a contract with a Spanish customer. HC Wainwright analyst Amit Dayal, who covers the energy sector, maintains a 25.9% average return and a 35.87% success rate on recommended stocks.

The current analyst consensus on Fusion Fuel Green is a moderate buy, with an average price target of $5.25. The company has a one-year high of $7.82 and a one-year low of $1.42, with an average volume of 145.1K. Fusion Fuel Green is a blank check company focused on the hydrocarbon logistics and processing industries.

According to TipRanks, Fusion Fuel Green has a target price consensus of $4.67, with an average rating of buy. This is based on the opinions of 3 analysts, with a high estimate of $6.00 and a low estimate of $3.00. The company has also submitted three green hydrogen projects to the Spanish H2 Pioneers II Program, indicating its commitment to the green hydrogen market.

Overall, the reaffirmation of the buy rating by HC Wainwright and the positive news from the company's second quarter update suggest that Fusion Fuel Green may be a promising investment opportunity. However, as with any stock, investors should conduct their own research and consider their own risk tolerance and investment goals before making any decisions.
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