Earlier this week, Green Hydrogen Systems announced its 2023 key figures and its new 2024 guidance. Following the announced key figures and new 2024 guidance, we have updated the investment case one-pager, which provides insights into key investment reasons and risks as well as perspectives on valuation multiples across listed peers within the green hydrogen market. Covering the development in the Global X Hydrogen ETF, we have seen that the sector has been under pressure in the past years, especially due to the higher interest rates, despite the huge market potential.  Green Hydrogen Systems (GHS) is a GreenTech company founded in 2007 in Denmark. The company designs and manufactures efficient standardized and modular electrolyzers to produce green hydrogen based on renewable energy. Over the coming years, the green hydrogen market is expected to increase significantly, supported by the green transition and political support. Disclaimer: HC Andersen Capital receives payment from Green Hydrogen Systems for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 10:30, 26 January 2024.

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