Hexagon Composites is positioned to capture a significant new market opportunity in the United States, according to a fresh note from SB1 Markets.
The broker house argues that the expansion of gas-powered data centers in the US creates a billion-dollar addressable market for the Norwegian manufacturer of composite materials.
SB1 Markets has maintained its buy recommendation on the stock, signaling confidence in the company's ability to monetize this emerging infrastructure trend.
The analysis highlights a structural shift in how data centers are being powered and built, moving away from purely grid-dependent models toward hybrid or gas-supplied solutions.
For Hexagon Composites, this transition represents a diversification of its customer base and a potential acceleration in demand for its specialized materials.
The broker's assessment suggests that the company's current valuation may not fully reflect the long-term revenue potential from this specific segment.