There hasn’t been any news around SunHydrogen for a while. The company is working on producing green hydrogen by solar power at some point in the future. In theory, this is a very interesting and promising concept. But whether it can be put into practice is still completely open.
For the moment, investors are dealing with a company that is predominantly loss-making and has no sales worth mentioning. Anyone investing here is therefore relying entirely on the principle of hope and inevitably taking a high risk.
Investors on the run
In these times, however, fewer and fewer investors seem to be willing to do just that. This impression arises at least with a view of the Chart of the SunHydrogen stock. Over the year as a whole, it has plummeted by 28 percent, even though the stock was already deep in the red 12 months ago.
There is still no sign of any easing. Instead, it went south by almost three percent on Friday. With a closing price of 0.036 US dollars, no new low was reached. However, no one should be really happy about such a level.
The only thing that helps with the SunHydrogen stock is to wait and see
Most forecasts and even a technical analysis lead nowhere with the SunHydrogen stock. Ultimately, everything depends on whether and when the big breakthrough will be achieved. Since it can just as well come to a total loss, the stock is and remains above all a big bet. It can be worthwhile to make such a bet. However, anyone who decides to do so should not be too disappointed if things do come to an unpleasant end.