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

Powerhouse this morning published its 2020 AR&A. The accompanying detailed statements summarise an exceptionally busy year during which the Group signed commercial terms with a division of the major infrastructural investment enterprise.

Peel Group, and secured planning permission for its first DMG application, while also strengthening its balance sheet and building out the skillset of its Board of Directors. Despite the lockdown, activity levels remained high in the opening month of 2021, and with Peel’s financial closure of the Protos project anticipated soon, execution of this first application of the technology should commence before year-end.

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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 © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.


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