RaaS has released updated research commentary on Provaris Energy this week

Provaris Energy represents an unique investment opportunity as a leveraged play on the growing shift globally to alternative energy and carbon reduction, but particularly in Europe,” the RaaS team wrote. “With the imminent recommencement of prototype tank fabrication commercial progress could accelerate from this point with testing and certification of its proprietary hydrogen ‘storage tank’ design underpinning two hydrogen supply, offtake and shipping agreements becoming unconditional and material progress of the CO₂ FEED evaluation in partnership with Yinson. Class approval for the tank design would be the anchor point from which the dual business streams crystallise.”

We retain our NAV to $0.10-$0.17/share, $0.15/share mid-point