Next Hydrogen Solutions Inc. Price Target Lowered by National Bankshares Despite Positive Earnings Results

Next Hydrogen Solutions Inc. had their price target reduced from C$2.50 to C$2.00 by National Bankshares, and they currently have a sector perform rating on the stock. The company has a market capitalization of C$29.75 million and a P/E ratio of -1.05 with a 52 week low of C$1.11 and a 52 week high of C$3.14. They reported EPS of C($0.17) for the quarter, beating analysts’ consensus estimates of C($0.20) by C$0.03 and revenue of C$0.07 million during the quarter compared to analysts’ expectations of C$2.35 million. Equities analysts expect that Next Hydrogen Solutions will post -0.6 EPS for the current year, and they design, manufacture, and sell water and electricity electrolyzers to generate clean hydrogen for use as an energy source for transportation and industrial sectors.

In summary, Next Hydrogen Solutions had their price target lowered by National Bankshares from $2.50 to $2 with a sector perform rating on the stock due to their reported earnings results which beat analysts‘ expectations in terms of EPS and revenue during the quarter, although equities analysts are expecting them to post -0.6 EPS for the current year due to their market capitalization being at $29.75 million with a P/E ratio of -1-05 as well as having a 52 week low at $1-11 and a 52 week high at $3-14 while they specialize in creating water and electricity electrolyzers to create clean hydrogen energy sources for transportation and industrial sectors alike..

Hydrogen Solutions for a Sustainable Future

Hydrogen solutions offer an exciting opportunity to reduce global emissions and create a more sustainable future. Hydrogen can be used as a clean, renewable fuel source and has the potential to replace fossil fuels in many applications, from transportation to electricity generation. Hydrogen solutions are also cost-effective and can help businesses save money on energy costs while reducing their environmental impact. With the right infrastructure in place, hydrogen solutions could revolutionize the way we power our world.
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Picture source: Appolinary Kalashnikova