PHE4 Feb 2021 11:39
The British company wants to produce a synthesis gas from non-recyclable plastic waste and used tires, which can then be used to generate electricity or hydrogen. PowerHouse Energy's first commercial facility is currently under construction in Protos, UK. It remains to be seen whether the technology will prevail and expectations will be met.
After several years of downtrend, the share has been in a dynamic rally since December 2019. In doing so, it is currently consolidating the last rally push at a high level, the trading range narrowing to a triangle. If this is abandoned towards the top, the high at EUR 0.14 could be targeted. Above that there would be room towards the all-time high of around EUR 0.32. This is a highly speculative share!