$HPUR (-15.15%) Hexagon Purus: the driving force behind the hydrogen revolution
https://hexagonpurus.com/about
https://hexagonpurus.com/investors
The energy transition and the global trend towards decarbonization have led to a growing interest in alternative drive technologies in recent years. In this context Hexagon Purus has established itself as a promising player in the field of zero-emission mobility. The company, which specializes in innovative solutions for hydrogen and battery systems, is increasingly attracting the attention of investors and industry experts. To get a comprehensive picture of Hexagon Purus, we take a detailed look at various aspects of the company, from its structure and current developments to growth prospects and challenges.
Company profile
Hexagon Purus is a Norwegian company specializing in innovative solutions in the field of zero-emission mobility. The focus is on the development and production of hydrogen storage systems, battery systems and electric powertrains for commercial vehicles.
Shareholder structure
The largest shareholders of Hexagon Purus are:
- Hexagon Composites ASA: 38.28%
- Mitsui & Co, Ltd: 7.538%
- Knut Trygve Flakk: 4.476%
- MP Pensjon PK: 2.622%
- Erste Asset Management GmbH: 2.068%
The main shareholder Hexagon Composites is itself a leading supplier of composite pressure vessels and holds a strategic stake in Hexagon Purus.
Current developments and top news
- Record quarter Q2 2024: revenue of NOK 528 million, +60% year-on-year[2]
- Positive EBITDA in the Hydrogen Mobility & Infrastructure segment in Q2 2024[2]
- Multi-year supply contract with US bus manufacturer GILLIG for hydrogen storage systems[5]
- Partnership with Toyota North America for the supply of H2 storage and battery systems[2]
Important cooperations and partners
- Hino Trucks: Long-term agreement for the supply of battery electric vehicles[2]
- Toyota North America: Series production partnership for H2 systems[2]
- GILLIG: Multi-year supply agreement for H2 storage systems in fuel cell buses[5]
- Daimler Trucks North America: Supply of battery systems[2]
Competitive advantages and moat
- Technology leadership in type 4 pressurized hydrogen cylinders
- Broad product portfolio for various applications (bus, truck, ship, train)[8]
- Strong market position with leading OEMs in the local bus segment[5]
- Synergies through the combination of hydrogen and battery technologies
Growth potential
Hexagon Purus benefits from several growth drivers:
1. global trend towards decarbonization of the transport sector
2. increasing investment in hydrogen infrastructure
3. increasing demand for zero-emission commercial vehicles
The company expects sales growth of at least 50% in 2024 compared to the previous year[6]. For 2025, management expects sales of NOK 4-5 billion and a break-even EBITDA[8].
Financial development
- Q2 2024: Revenue NOK 528 million (+60% YoY), EBITDA NOK -97 million[2]
- H1 2024: Revenue NOK 935 million (+63% YoY), EBITDA margin -21% (improvement compared to -35% in the previous year)[2]
- Order backlog of approx. NOK 1 billion at the end of Q2 2024[2]
Opportunities and risks
Opportunities:
- Strong growth in the hydrogen and e-mobility market
- Technology leadership and broad product portfolio
- Strategic partnerships with leading OEMs
Risks:
- High investments in R&D and production capacities required
- Highly competitive environment
- Dependence on political framework conditions and subsidy programs
Conclusion
Hexagon Purus is well positioned to benefit from growth in the field of zero-emission mobility. The company impresses with its continuous sales growth and improved operating margin. The broad positioning and strategic partnerships offer potential for further growth. However, the share remains speculative due to the high level of investment and the highly competitive environment. Long-term investors with a high risk appetite could consider the share as an investment.
Sources
[1] Company Hexagon Purus ASA BOERSE MUENCHEN https://de.marketscreener.com/kurs/aktie/HEXAGON-PURUS-ASA-116562379/unternehmen/
[2] Hexagon Purus ASA: Results for the second quarter 2024 https://hexagonpurus.com/news/hexagon-purus-asa-results-for-the-second-quarter-2024
[3] Hexagon Purus hydrogen share: Before the big bang https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/wasserstoff-aktie-hexagon-purus-vor-dem-grossen-knall-20364726.html
[4] Hexagon Purus ASA: Results for the second quarter 2024 Page 1 https://www.wallstreet-online.de/nachricht/18283011-hexagon-purus-asa-results-for-the-second-quarter-2024
[5] Hexagon Purus: New deal - buy now? - THE SHAREHOLDER https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/hexagon-purus-neuer-deal-jetzt-zugreifen-20364109.html
[6] Hexagon Purus ASA gives sales forecast for the full year 2024 ... https://de.marketscreener.com/kurs/aktie/HEXAGON-PURUS-ASA-116485535/news/Hexagon-Purus-ASA-gibt-Umsatzprognose-fur-das-Gesamtjahr-2024-ab-46613936/
[7] Hexagon Purus ASA issues profit forecast for 2024 https://de.marketscreener.com/kurs/aktie/HEXAGON-PURUS-ASA-116485535/news/Hexagon-Purus-ASA-gibt-Gewinnprognose-fur-das-Jahr-2024-ab-45937668/
[8] Hexagon Purus share: Will the comeback continue? - sharedeals.com https://www.sharedeals.de/hexagon-purus-aktie-geht-das-comeback-weiter/
[9] Hexagon Purus share - Live price, news & more - OptionsHandeln https://optionenhandeln.de/hexagonpurus
Note: This text was created with the help of artificial intelligence and adapted/remodeled in places.
Source: Perplexity. (2023). Perplexity.ai (AI Chatbot) [Large language model]. https://www.perplexity.ai/
