Guofu Hydrogen Signs Morocco and Greater Bay Area Deals to Expand Green Hydrogen Footprint
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Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. has signed two sales agreements to enhance its green hydrogen infrastructure. The company will deliver a 20MW hydrogen generation system worth USD6.2 million to GF Hydrogen Africa Sarl in Morocco and provide five hydrogen refueling stations to Guangdong Yuntao Hydrogen Energy Technology for RMB32.05 million. These deals aim to strengthen its manufacturing footprint and create a vertically integrated hydrogen ecosystem. The latest analyst rating for the stock (HK:2582) is a Hold with a price target of HK$28.00.
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