Fuelcell’s Valuation Deserves a Haircut, Says Analyst
January 14 2021 - 04:10PM
TipRanks
To say Hydrogen pure-play stocks have rewarded investors handsomely
over the past year would be somewhat of an understatement. Several
names have delivered massive returns, as investors’ enthusiasm for
clean energy stocks has been hard to satiate. Trying to give
context to some of these companies’ towering valuations, J.P.
Morgan analyst Paul Coster says it’s easier to justify the elevated
enterprise value-to-sales multiples “when viewed against the
massive long-term growth prospects for these first-movers in the
space.” By the 2030s, the hydrogen economy’s global TAM (total
addressable market) could be worth between $200 and $400
billion.
https://www.tipranks.com/news/article/fuelcells-valuation-deserves-a-haircut-says-analyst