We can say the following about VENG stock; designing, developing, constructing, and managing pure hydrogen manufacturing plants in Europe is the business of Vision Energy Corporation, previously known as Vision Hydrogen Corporation.
Sustainable implementation and non-renewable network administration are the company’s two operating segments. The Vlissingen project of the Company is situated in the industrial park of Vlissingen Oost on an industrial site each about 30.000 square meters (m2). Its Company’s Terneuzen project is built on a 30.000 m2 industrial land in Westdorpe, Terneuzen’s Axelse Vlakte industrial park.
Who Owns Vision Energy Corporation?
Andrew Hromyk: Mr. Hromyk has served as the headmaster of First Finance Limited and its forerunner, Century Capital Management Ltd. since 1995. These private equity firms have a track record of creating significant value for stakeholders by making early mover substantial investment through both governments and companies ahead of developing markets or cycles. In the Permian Basin, Central and South Texas, Arkansas, Alberta, and globally, Mr. Hromyk has supported and managed chemical and energy operations.
Judd Brammah: On June 26, 2020, Mr. Brammah was chosen to serve as a director. He has served as the company’s CEO since 2011 and is currently based in the United Kingdom. Synergy Medical Technologies specializes on orthopedic medical technologies and devices utilized by healthcare providers. Mr. Brammah graduated from London South Bank University with a Bachelor of Science in engineering.
He began his career with Xerox Corporation after graduating and afterwards worked for Howmedica, Stryker Corporation, and Wright Medical Technologies in the medical device industry. Due to Mr. Brammah’s vast background in consulting and research for multinational medical device businesses, Synergy Medical Technologies was established.
Vision Energy Corporation Declares “VENG” As New Symbol
Vision Energy Corporation (OTCQB:VENG) announced that its ticker symbol will change from “VIHDD” to “VENG” as of the start of market trading today, concluding reported earlier corporate actions taken by the company (see News Release dated November 7, 2022).
Existing shareholders do not need to take any action in relation to the change in ticker symbol. The OTCQB will stay to be the market for the Company’s common VENG stock, as well as the CUSIP will not change.
Vision Energy’s Stock Is About To Split
VENG stock, based in New Jersey, are rising quickly. A hydrogen power supply from Vision Energy can be utilized to totally power a home or commercial building with renewable energy. The corporation mostly operates in countries in Europe.
When the parent business and its affiliate, Vision Energy Corporation, amalgamated on November 11, the parent firm’s name was changed from Vision Hydrogen Corporation. A two-for-one share buyback was also announced by the corporation, which is interesting.
The VENG stock will obtain a new ticker after the forward split, which is valid for 20 business days. The outstanding common stock of Vision Energy will grow from 21,048,776 to 42,097,552 following the two-for-one split, and the total number of preferred stock will rise between 100 million to 200 million.
Is It A Wise Investment To Buy Vision Energy Stock?
Leading the green and renewable energy revolution is Vision Energy. The objective of achieving net zero carbon emissions by 2050 will be advantageous to it. It is a very new company that was founded in 2015, and various internal modifications are being done. Furthermore, Vision Energy has little cash on hand and no debt. Investors may wish to wait a few quarters before assessing the company’s full VENG stock forecast potential.
A microcap company, Vision Energy has a $473.18 million market cap right now. Although it is impossible to pinpoint the cause of the large price swings in VENG stock, microcap stocks frequently experience unanticipated market swings. In spite of this, VENG stock exhibits extremely high volatility in response to market changes, with a beta of 3.63.
Should I Buy Vision Energy Stock?
The 8 day simple rolling average of VENG is 14.77 and the VENG stock price of Vision Energy is 15.66, indicating a Buy signal. VENG stock forecast 20 day SMA is 13.58 and the VENG stock value of VENG is 15.66, making it a Buy.
Technically, Vision Energy is a Buy since its 50 day simple rolling average is 8.48 and its share price is 15.66. VENG stock forecast 200 day simple rolling average is 4.44 and the price of the VENG stock is 15.66, indicating a Buy signal.
The price of VENG stock right now is $15.66. The rating for VENG is 80, which indicates a lower risk than average and is 60% higher than its historical median score of 50.
Vision Energy: Is It Overpriced?
The current value of the VENG stock is 15.66 USD. Based on technical indicators, the share price of Vision Energy is expected to INCREASE/DECLINE.
Vision Energy is not overvalued, as shown by the simple moving average, exponentially weighted moving mean, oscillators, and other chart patterns. The rating for VENG is 80, which indicates a lower risk than average and is 60% higher than its historical median score of 50.
Performances By Related Parties
A company director loaned the business a total of $596,747 in 2020 at an annual interest rate of 6%. The note and accrued interest were exchanged for 3,000,000 pieces of the company’s common stock (referred to as “Shares”) on January 21, 2021, as part of the company’s public offering, for a net of $600,000.
On November 8, 2021, we paid the other VoltH2 shareholders 8,409,091 Shares in exchange for the 84% of Vision Energy Holdings AG (“VoltH2”) that we did not already own. A shareholder of our CEO’s investment company owns 725,000 shares (or 66%) of VoltH2. Vision Energy Holdings AG has replaced VoltH2 as its name.
We paid $3,500,000 and 1,500,000 shares of our common shares to acquire Evolution Terminals B.V., a Dutch corporation, on May 30, 2022 from an investment company whose founder is our CEO. In accordance with a Management Services Agreement we signed on June 20, 2022 with a business owned by our CEO, we will receive executive, business consulting and advisory, business development, and other services from this company. Unless canceled, the Agreement will keep renewing for one or more additional renewal periods after its original term of three years.
Concentrations Of Credit Risk Of Significant Size
The Federal Deposit Insurance Corporation (FDIC), the Canada Deposit Insurance Corporation (CDIC), and the Dutch Central Bank (DNB) have each agreed to protect cash held in approved deposit-taking institutions (banks) up to $250,000, $73,000, and $114,000, respectively, in each country. By September 30, 2022, this sum was completely guaranteed by the FDIC and exceeded the CDIC insured limit by $4,123,932 and the DNB insured limit by $1,130,836, respectively.
Between January 1, 2022, and September 30, 2022, there was no stock option activity under the 2016 Incentive Stock Option Plan. There were no dilutive securities or unrecognized compensation costs as of September 30, 2022. In conjunction with the capital offering, the Company paid $51,000 in consultancy expenses and $70,000 in legal fees.
According to the quarterly statements, the Company’s net loss from operating income for the nine months ended September 30, 2022, was $13,371,340, and its net cash used in operations was $3,479,192. Additionally, the Company is a start-up in the field of renewable energy and has just recently produced modest revenue.
Partnership Grows Between Vision Energy And Linde Engineering
Vision Energy Corporation (OTCQB:VENG) (“Vision Energy” or the “Company”) is pleased to announce the execution of a Memorandum of Understanding (“MOU”) with Linde Engineering for the purpose of broadening the scope and fostering future collaboration with regard to Vision Energy’s innovative Green Energy Terminal in the North Sea Port of Vlissingen, the Netherlands.
The MOU’s expanded scope outlines the parties’ intentions to work more closely together on engineering, procurement, and construction projects as well as their shared interest in co-investing in the development. And operation of a plant that produces e-Methanol and hydrogen through the use of ammonia home safely as a service.
The development plans of Evolution Terminal’s current site in Vlissingen, the Netherlands, for the storing of ammonia/LPG and other environmentally friendly and renewable products like e-Methanol will be further accelerated by this extended scope. In terms of designing and running renewable energy infrastructure, Linde has extensive experience. Preliminary Front-End Engineering and Design (FEED) activities for Phase 1 of Vision Energy’s Green Energy Terminal were previously contracted by Vision Energy with Linde.
Coverage On IBN (InvestorBrandNetwork) For Vision Energy Corp., Initiated
IBN, a multifaceted economic media and publishing company for personal and public entities, has been chosen for its corporate communications expertise by Vision Energy Corp., a forward-thinking energy company developing emissions lowered solutions for the advertising, industrial, and transportation sectors.
To expedite the production, delivery, and distribution of low-carbon energy, Vision Energy is utilizing the team’s demonstrated track record in site and asset acquisition, speeding development and permitting procedures, plant layout, and grid integration. With end users pursuing carbon abatement across feedstock and fuels, the company is exploring dependable offtake partnerships and operating alliances.
IBN will use its investor-based distribution network of more than 5,000 significant syndication sites, many newsletters, social channels, news agencies via InvestorWire, blogs, and other outreach tools as part of the Client Partnership to raise awareness for Vision Energy.
Rho Adviseurs, a professional consultancy firm in their industry with over 150 workers spread across 5 offices in the Netherlands, has helped organizations such as governments and businesses shape environmental policy and planning.
The Company is on track to submit the final applications for construction and environmental licenses by December 2022 through its fully owned subsidiary Evolution Terminals, which is in the early stages of planning for the development of its Green Energy Hub.
In accordance with the Company’s Phase 1 development plan, 400,000 cubic meters (CBM) of making biodiesel larger quantities storage capacity will be built, of which 150,000 CBM will be used to store green ammonia, 180,000 CBM will be used to store renewable methanol. And 70,000 CBM will be used to store biofuels and organic fertilizers hydrogen carriers (LOHC).
Project Evolution Terminals
Change Terminals With a Phase 1 design for up to 400,000 cubic meters (CBM) in bulk storage capability and specialized deep-water jetty, quay wall, rail, and truck loading/unloading facilities, Project Evolution Terminals is creating a cutting-edge green energy hub. Plans for phases two and three call for increasing storage space for low-carbon goods and fuels as well as integrating an ammonia breaking facility to convert green ammonia in hydrogen.
The Terminal is conveniently located in the ARA area at the mouth of the Westershelde Estuary in the North Sea Port of Vlissingen, the Netherlands. It is easily accessible from the North Sea without having to pass through locks and sluices or travel through inland canals. The Terminal is linked to the European inland transport network as well as the ports of Antwerp, Ghent, and Terneuzen via the nearby Scheldt River.
The Terminal will offer its customers a flexible liquid bulk storage option thanks to its innovative design, build specification, and planned cross of storage tanks for a variety of liquid bulk products. The Dutch PGS 29 laws’ safety criteria will be met by the design and construction of Evolution Terminals, which is situated in a key ARA hub.
VENG Stock Forecast
In the past 12 months, VENG stock forecast has experienced a profit of up to 210%. The business appears to be flourishing and will continue to do well, providing investors with strong returns.
The VISION Energy VENG stock forecast in 2022, the price will be between $14 and $15. If we talk about 2023, you may expect to see its stock increase much higher. The price of the this VENG stock forecast in 2023, according to market VENG stock forecast, is expected to be between $16 and $18.
VENG Stock Forecast 2025
Corporation Vision Energy The company conducts operations in the renewable energy sector. This company’s VENG stock forecast price will rise in the future because of the increase in demand it will experience. VENG stock forecast for VISION Energy will cost between $21 and $26 in 2025.