Hydrogen boost for a little-known engineer
Shares in a previously un-remarkable engineering group covered here received a welcome boost on news that it had secured a contract to supply hydrogen fuel cell systems for passenger trains. Despite the promise from this, we are more impressed with the growth potential from several other exciting AIM companies covered here.
Nexus: mixed newsNexus Infrastructure (LON:NEXS), the provider of essential infrastructure services, utilities connections and smart energy infrastructure, delivered a mixed update on trading in its AGM statement. Trading conditions within its TriConnex and eSmart businesses continue to be positive with both performing ahead of management’s base case scenario. TriConnex designs, installs and connects utility networks to properties on new residential developments and eSmart Networks focuses on electric vehicle charging and smart energy infrastructure. The pandemic and resulting market uncertainty has however continued to provide challenges for its Tamdown civil engineering business, with trading more in-line with its downside scenario. Management…