TPI provides its latest research note on PowerHouse Energy Group Plc (PHE.L).

Powerhouse has today released its unaudited interim results for the six months ended 30 June 2020.

Statements from both the Chairman and CEO summarise the pioneering hydrogen production company’s operational, sales, financial and corporate progress that has been recorded to date in 2020, during which time its equity valuation has also undergone a dramatic re-rating.

Released 25th Sep 2020

Having recently completed its acquisition of Waste2Tricity Limited (‘W2T’), deepened its strategic partnership with The Peel Group and significantly strengthened its balance sheet, momentum is expected to remain high for the remainder of this year and into 2021.

As Powerhouse moves towards completion of the first, full-scale application of its DMG® waste plastic to hydrogen technology at the 54-acre Protos site near Ellesmere Port in Cheshire (‘Protos’), which is expected to serve as a model for a subsequent roll out both in the UK and worldwide.

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We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to PowerHouse Energy Group Plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2019 Turner Pope Investments (TPI) Limited, all rights reserved.

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