H-Power plc (LSE:HPOW) has appointed Canaccord Genuity as a joint corporate broker as the company strengthens its capital markets advisory network. Canaccord Genuity will work alongside existing brokers Peel Hunt and Zeus, providing H-Power with additional support as it develops its engagement with investors on the London Stock Exchange’s AIM Market.
The expanded broking team comes as H-Power works towards the commercial rollout of its ammonia-based hydrogen production and fuel cell generator technologies. Strengthening its advisory relationships could support broader investor communication and access to capital as the company seeks to convert its technology portfolio and commercial pipeline into sustained revenue growth.
H-Power is targeting industries where reducing carbon emissions remains particularly challenging, including industrial operations, transportation and off-grid power generation. Its technology combines decentralised ammonia cracking with hydrogen fuel cell generators, providing a potential alternative to conventional hydrogen supply infrastructure and diesel-powered generation.
The company’s financial position nevertheless remains challenging. Weak revenue performance, persistently negative margins and continued cash consumption indicate an ongoing requirement for external funding as commercialisation progresses. Technical indicators also remain under pressure, with the shares trading below key moving averages and MACD in negative territory. H-Power’s relatively low level of debt provides some balance sheet support, although traditional valuation measures remain difficult to apply while earnings are negative and no dividend yield is available.
More about H-Power plc
H-Power plc, formerly AFC Energy, is a UK-based developer of ammonia-powered low-carbon hydrogen production and hydrogen-to-power technologies. Its decentralised ammonia cracker and fuel cell generator systems are designed to provide scalable hydrogen and clean off-grid power for industrial, transport and power generation applications.
The company’s modular ammonia cracker technology can produce approximately 0.5 to 4 tonnes of hydrogen per day at the point of use, while its 30 kW and 200 kW fuel cell generators are designed as alternatives to diesel generation in temporary and off-grid power applications. Headquartered in Dunsfold, Surrey and listed on AIM, H-Power is focused on commercialising its core technologies and converting its opportunity pipeline into contracted orders and recurring revenue.
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