Hexagon Composites ASA (HEX.OL)
Hexagon Composites ASA operates in the Packaging & Containers industry of the Consumer Cyclical sector, headquartered in Ålesund, MR, NO. The stock last traded at $12.44, down 1.19% on the session, giving a market capitalisation of $3.13B. Its beta of 0.75 implies it has historically moved less than the broad market.
Hexagon Composites ASA, together with its subsidiaries, specializes in the global production and sale of advanced composite pressure vessels and fuel systems. Its extensive operations cover Norway, numerous European countries, North America, Southeast Asia, the Middle East, and other international regions. The company's business is organized into four main divisions: Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. The Hexagon Agility & CNG LDV segment focuses on providing sustainable fuel solutions for commercial and passenger vehicles, as well as for the transportation of gaseous energy. Hexagon Purus is responsible for supplying high-pressure cylinders, comprehensive vehicle systems, and battery packs for fuel cell and battery-electric vehicles. The Hexagon Digital Wave segment develops innovative technology for testing and monitoring cylinders, aiming to reduce operational downtime, cut inspection costs, and improve accuracy. Finally, the Hexagon Ragasco LPG segment manufactures composite liquefied petroleum gas (LPG) cylinders designed for recreational, domestic, and industrial applications. Hexagon Composites ASA was founded in 1985 and has its corporate headquarters situated in Ålesund, Norway.
Hexagon Composites ASA is most often compared with the following Consumer Cyclical names: