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Pin to quick picksPowerhouse Ener Share News (PHE)

Share Price Information for Powerhouse Ener (PHE)

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Share Price: 0.925
Bid: 0.90
Ask: 0.95
Change: 0.025 (2.70%)
Spread: 0.05 (5.556%)
Open: 0.925
High: 0.95
Low: 0.92
Prev. Close: 0.925
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AIM WINNERS & LOSERS: Powerhouse in Linde deal; 600 Group orders rise

Fri, 12th Nov 2021 10:48

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday:

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AIM - WINNERS

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Powerhouse Energy Group PLC, up 28% at 5.65 pence, 12-month range 5.20p - 6.40p. The technology company commercialising hydrogen production from waste plastic says its development partner Hydrogen Utopia International PLC has signed a framework agreement with Linde PLC's Engineering unit. The framework agreement provides Linde Engineering with a five year exclusivity to supply Hydrogen Utopia in its development of Powerhouse DMG technology particularly in Poland, Hungary and Greece. The Powerhouse DMG process can generate up to 2 tonnes of road-fuel hydrogen and more than 58 megawatt hours of exportable electricity per day. The project, if completed, is expected to contain ten DMG units in one geographical area.

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600 Group PLC, up 15% at 15.00p, 12-month range 7.20p - 17.00p. The industrial engineering company says its three US operations have been granted forgiveness of their second round loans under the US government paycheck protection program which in total amounts to USD2.2 million. Turning to trading, the company says it performs in line with expectations and order intake has continued to improve during the current financial year. The forward order book stands at USD23 million as at November 9, as increase when compared to the same date one year earlier, when order book was USD11 million.

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Northern Bear PLC, up 11% at 58.28p, 12-month range 46.15p - 62.75p. The building services provider says it has traded well in the first half of its current financial year and expects to report operating profit in the range of GBP1.4 million to GBP1.5 million, up from GBP500,000 a year prior. Operating profit for the six months to September 30 would also represent an increase on the pre-Covid comparative of GBP1.4 million. Looking ahead, the company says its forward order book remains strong and should support its trading performance in the coming months.

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AIM - LOSERS

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PetroNeft Resources PLC, down 2.1% at 3.82p, 12-month range 0.50p - 4.70p. The oil & gas exploration and production company says it is extending the campaign in the Tomsk Oblast, Russia, for winter 2021/22 with the goal of increasing production and also improving the sustained flow rate of existing wells over two producing fields in licence 61. During the first quarter of 2021, a two well fracking program was successfully completed on wells S-373 and L-115. Both were highly successful and exceeded expectations . As a result, PetroNeft signs a contract with NewTech Well Services LLC, an oilfield services company, for the provision of a larger fracking program covering an additional five wells.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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13 Jul 2022 09:31

Hydrogen Utopia and Powerhouse Energy to form hydrogen joint venture

(Alliance News) - Hydrogen Utopia International PLC and Powerhouse Energy Group PLC on Wednesday proposed a 50:50 joint venture for a waste plastic to hydrogen facility in Ireland's Tipperary.

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29 Jun 2022 12:11

IN BRIEF: Powerhouse Energy significantly narrows loss in 2021

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Posts sharply narrowed pretax loss in 2021 to GBP2 million from GBP16 million the previous year. In 2020 the company registered an impairment of goodwill of GBP14.2 million. Revenue seven times higher to GBP701,435 from GBP100,000 a year prior. Company says this increase was primarily due to engineering support works provided to the Protos SPV.

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27 Jun 2022 17:33

IN BRIEF: Powerhouse Energy names Keith Riley as interim chair

Powerhouse Energy Group PLC - Bradford, England-based hydrogen-from-waste plastic producer - Appoints Non-Executive Director Keith Riley as interim non-executive chair with immediate effect. Riley is the owner and chief executive officer of waste management consultancy company Vismundi Ltd, and previously held senior roles at Veolia Environmental Services PLC including group managing director for technology.

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9 Jun 2022 14:49

IN BRIEF: Powerhouse Energy partner wins okay for hydrogen facility

Powerhouse Energy Group PLC - Bradford, England-based hydrogen-from-waste plastic producer - Says UK channel partner Peel NRE, part of Manchester-based Peel L&P Holdings Ltd, wins approval for a hydrogen facility in Scotland. The GBP20 million 13,500 tonne facility at Rothesay Dock on river Clyde's north bank "will be the second site in the UK planning to use Powerhouse’s technology to turn waste plastic into hydrogen," Powerhouse explains.

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18 May 2022 05:59

IN BRIEF: Powerhouse Energy chair resigns after three months in role

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Chair Russell Ward announces his intention to resign from the board and his position as chair. He will remain in the position until June 10 while the board considers its succession options. Ward was appointed as chair in March after joining the board at the beginning of February.

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13 May 2022 11:49

IN BRIEF: Hydrogen Utopia and Powerhouse Energy in project talks

Hydrogen Utopia International PLC - London-based waste-to-hydrogen company - Confirms discussions with Powerhouse Energy Group PLC about a project opportunity in Ireland. Explains that it is searching for a joint venture partner to develop a waste to hydrogen facility. Notes that there is no deal in place and that PHE is currently considering a proposal and how it may become involved in the potential project.

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13 May 2022 07:53

LONDON MARKET PRE-OPEN: ContourGlobal ahead; Amigo scheme closer

(Alliance News) - Stocks in London were called sharply higher on Friday, helped by a positive session in Asia, as equity markets look to rebound from Thursday's bloodbath.

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11 May 2022 21:27

IN BRIEF: Powerhouse Energy considers Hydrogen Utopia joint venture

Powerhouse Energy Group PLC - Bingley, England-based company which transforms plastics and waste into clean energy - Notes online speculation, confirms considering joint venture with Hydrogen Utopia International PLC, a London based company which focuses on mixed plastic waste-to-fuel technology.

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6 May 2022 12:42

New Powerhouse CEO 'confident' in company's future

(Sharecast News) - Plastic-to-hydrogen technology company Powerhouse Energy Group said in an update on Friday that, following the recent appointment of Paul Drennan-Durose as chief executive officer, it had been working closely with Peel NRE on their Protos plant project in the UK.

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1 Mar 2022 17:07

EXECUTIVE CHANGES: Chapel Down hires CFO; Powerhouse picks new chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and Tuesday and not separately reported by Alliance News:

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28 Feb 2022 14:14

Powerhouse Energy extends loan period to special purpose vehicle

(Sharecast News) - Plastic waste-to-hydrogen technology company Powerhouse Energy Group updated the market on Monday on the loan facility it provided to Protos Plastics to Hydrogen No. 1 - the special purpose vehicle established by its partner Peel NRE to develop the plant at the Protos site.

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31 Jan 2022 13:11

Powerhouse Energy appoints Paul Drennan-Durose as new CEO

(Sharecast News) - Plastic-to-hydrogen technology company Powerhouse Energy Group announced the appointment of Paul Drennan-Durose as its new chief executive officer on Monday.

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18 Jan 2022 17:11

TRADING UPDATES: Hotel Chocolat and Henry Boot beat expectations

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6 Jan 2022 14:06

IN BRIEF: Hydrogen Utopia shares nearly double in debut on AQSE

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Alternative energy firm Hydrogen Utopia to list on Aquis in early 2022

Alternative energy firm Hydrogen Utopia to list on Aquis in early 2022

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