Hexagon Purus

NO0010904923

HPUR

HPUR

$HPUR (-15.15%)

"Daimler Truck North America and Hexagon Purus terminate supply contract for battery electric technical engineering vehicles"

https://de.marketscreener.com/kurs/aktie/HEXAGON-PURUS-ASA-116485535/news/Daimler-Truck-North-America-und-Hexagon-Purus-beenden-Liefervertrag-fur-batterieelektrische-technis-47999792/

$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/

Hexagon Purus $HPUR (-15.15%)
has developed for its brand Tern received an initial order of 5.5 M $

"Hexagon Purus receives its first order under the long-term agreement with Hino Trucks (Oslo, July 31, 2024) Hexagon Purus, a global leader in zero-emission mobility and infrastructure solutions, has received its first order under the previously announced long-term agreement with Hino Trucks. The order, valued at approximately $5.5 million, is for the delivery of Tern RC8, a Class 8 battery electric truck designed specifically for the US market. Delivery of the trucks is scheduled for the third and fourth quarter of 2024."

This is the first delivery of its own BEV brand (production has just started) and the total agreed volume with Hino (Toyota) is much higher - 2 billion dollars for 10,000 vehicles.

To all the doubters out there who have repeatedly slammed my posts and my investment in $HPUR (-15.15%) (sometimes really unfriendly and therefore my language at this point): lick my feet.🦶My tip to you: Fundamental analysis and don't just look at the chart. 💋

https://hexagonpurus.com/news/hexagon-purus-receives-its-first-purchase-order-under-the-long-term-agreement-with-hino-trucks

https://www.linkedin.com/posts/hexagonpurus_batteryelectrictruck-terntrucks-ternrc8-activity-7224678248121561088-5pfX?utm_source=share&utm_medium=member_ios

Hexagon Purus $HPUR (-15.15%) - Q2 numbers

Decent sales boost. 🥳🚀

Waiting for all the hydrogen skeptics. 🤣

https://s3.eu-central-1.amazonaws.com/hexagonpurus-website/HPUR-Q2-2024-Presentation.pdf

"Key developments in Q2 2024: All-time high quarterly revenue of NOK 528 million in Q2 2024, an increase of 60% compared to Q2 2023. YTD revenue in Q2 2024 was NOK 935 million, an increase of 63% compared to the same period in 2023; EBITDA was NOK -97 million in Q2 2024, compared to NOK -89 million in the same period last year. This corresponds to an EBITDA margin of -18% in the second quarter of 2024, compared to -27% in the second quarter of 2023. YTD as of the second quarter of 2024, the EBITDA margin is -21%, compared to -35% in the same period of the previous year. The Hydrogen Mobility & Infrastructure (HMI) segment recorded positive EBITDA in the second quarter and achieved EBITDA of NOK 17 million, which corresponds to an EBITDA margin of 3%. This means that the HMI segment's EBITDA has also been positive since the beginning of the year.

Launch of the Tern RC8, a zero-emission truck to be delivered as part of the long-term agreement between Hexagon Purus and Hino Trucks for complete battery electric vehicles and distributed through Hino's dealer network in the US.

Announcement of a volume production partnership with Toyota North America to supply hydrogen storage systems and battery systems for Toyota's fuel cell electric powertrain kit for commercial vehicles for the North American market.

Exited the quarter with an order backlog consisting of firm orders worth approximately NOK 1.0 billion, providing a solid view of the full year sales target."

Source: Hexagon Purus Newsletter 📰

The translation is not the best, but I think the main points can be guessed.

At the back 💩 the 🦆 - $HPUR (-15.15%)

If the breakthrough at NOK 10 is successful, it can be assumed that the value will continue to march on. If not - additional purchase on my part.