Hexagon Agility Expands Natural Gas Truck Market with New Orders
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The latest announcement is out from Hexagon Composites ( (HXGCF) ).
Hexagon Agility has secured new orders valued at USD 4.3 million for natural gas fuel systems to be installed on trucks powered by Cummins’ X15N engine, specifically designed for the North American heavy-duty commercial truck market. This development significantly expands the addressable market for natural gas solutions, adding 200,000 heavy-duty trucks annually, and highlights the growing interest in natural gas as a viable alternative to diesel, supported by an extensive fueling network across North America.
The most recent analyst rating on (HXGCF) stock is a Buy with a NOK40.00 price target. To see the full list of analyst forecasts on Hexagon Composites stock, see the HXGCF Stock Forecast page.
More about Hexagon Composites
Hexagon Agility, a subsidiary of Hexagon Composites ASA, is a leading global provider of clean fuel solutions for commercial vehicles and bulk gas transportation. The company specializes in renewable natural gas bulk distribution systems, lightweight Type 4 composite natural gas cylinders, and renewable natural gas fuel systems, which help reduce emissions and lower operating costs.
Average Trading Volume: 1,767,098
Current Market Cap: NOK3.99B
For an in-depth examination of HXGCF stock, go to TipRanks’ Stock Analysis page.