,,,The launching of the Hydrogen Council early this year to promote the role of hydrogen technologies bodes well for continued growth. Also, be sure to check out the Bloomberg piece detailing how a shift to hydrogen could meet 20% of the world's needs by 2050. Both of these reinforce the belief that this story has legs in my opinion.
Hydrogenics Corporation is a Buy.
Readers who have done their due diligence and are interested in the story should purchase a pilot position in the near term. A dip back to the $9 to $10 range if it comes could be a welcome opportunity to add to one's position. As always with revenue growth stories such as this, stay tuned to technical strength and fundamental developments for confirmation the thesis is playing out (or potential red flags). |