Investors Bullish On China's Hydrogen Sector; This SPAC IPO Likely To Benefit

Quick Summary:

The company reported its revenue fell by 28% last year, led by a nearly 50% drop for its core hydrogen fuel cells

Key Takeaways: Shanghai Refire's revenue fell last year, reflecting volatile conditions as China's hydrogen energy sector remains in its early stages of development

The hydrogen fuel cell maker's stock has risen nearly 30% since its IPO and now trades at a high valuation multiple, mostly fueled by strong government support When it comes to new energy, there's something about being in China that seems to charge up a company's stock price.

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Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets: United StatesChinaHong Kong

Topics: Benzinga Asia Contributors Equities IPOs Commodities Opinion

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Article Type: News Report

Published On: 2025-03-31 @ 13:26:43 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1087 words

Reading Time: 7 minutes read

Sentences: 42 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 27565383

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