Next Hydrogen Solutions: Top 10 Undervalued Industrial Products Industry Stocks (NXH)
Next Hydrogen Solutions is now ranked among the top 10 undervalued stocks in the Industrial Products industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Industrial Products: Companies that manufacture and market office and business machines, such as copiers, fax machines, postage meters, point-ofsale terminals, and ATMs.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| LPEN | Loop Energy | 0.04 | 0.15 | 0.10 (233.3%) | 136800 | 1.5 | 0.0 | 0.0 |
| CAG | Composite Alliance Group | 0.04 | 0.10 | 0.05 (119.2%) | 6571 | 5.0 | 0.0 | 0.0 |
| ENEV | Enerev5 Metals | 0.01 | 0.01 | 0.00 (92.0%) | 43223 | 1.2 | 0.0 | 0.0 |
| EWS | Environmental Waste Intl | 0.01 | 0.02 | 0.01 (90.5%) | 47370 | 2.8 | 0.0 | 0.0 |
| GRN | Greenlane Renewables | 0.10 | 0.16 | 0.07 (71.0%) | 158666 | 14.6 | 0.0 | 0.0 |
| BLDP | Ballard Power Systems | 4.16 | 6.81 | 2.65 (63.6%) | 687869 | 1243.9 | 0.0 | 0.0 |
| EGT | Eguana Technologies | 0.02 | 0.03 | 0.01 (37.2%) | 218819 | 8.4 | 0.0 | 0.0 |
| SAY | Sparta Cap | 0.02 | 0.03 | 0.01 (31.6%) | 109141 | 4.7 | 0.0 | 0.0 |
| NXH | Next Hydrogen Solutions | 0.62 | 0.75 | 0.13 (21.0%) | 4330 | 14.2 | 0.0 | 0.0 |
| ENW | EnWave | 0.23 | 0.27 | 0.03 (13.8%) | 52013 | 26.0 | 0.0 | 0.0 |
All data provided as of May 31, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Next Hydrogen Solutions
Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale.
Next Hydrogen Solutions is listed under NXH on the TSX Venture Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
