Charbone Hydrogen Posts Strong Q1, Eyes Expansion

Charbone Hydrogen Corporation (TSE:CH) has released an update.

Charbone Hydrogen Corporation, North America’s exclusive public green hydrogen firm, reported a promising start to 2024 with a 35% reduction in spending and a 65% increase in revenue for Q1. The company is progressing with its plans to open green hydrogen production facilities in the US and Canada in the second half of the year, aiming to build 16 such facilities by 2030. These developments have strengthened CHARBONE’s financial position and growth potential as it gears up for production launches later this year.

For further insights into TSE:CH stock, check out TipRanks’ Stock Analysis page.