This Week’s Analysis with Aksjeanalyser.com and Vikingen!

2026-07-08 Catrin Abrahamsson Updates, English Blog, Norwegian Blog, Vikingen

In “Analysis of the Week,” July 9th, 2026, Aksjeanalyser.com takes a closer look at an exciting company listed on the Oslo Stock Exchange

Hexagon Composites ASA (ticker HEX)

The stock saw a sharp rise on Monday, following very positive news about a contract that was announced after the markets had closed for the day on Friday, July 3, 2026.

The stock has since corrected slightly downward again in recent days, and Aksjeanalyser.com believes the stock may now be at a very favorable level to buy. Read more about this below in the technical analysis of Hexagon Composites ASA (HEX).

About Hexagon Composites ASA

(ticker at the Oslo Stock Exchange: HEX)

“Global leader in clean energy solutions”

We believe that technology is no longer a barrier to making clean energy available to everyone.

Our world-leading high-pressure cylinder technology enables the safe delivery of clean gaseous energy to industries—and helps decarbonize transportation on land and at sea. To date, we have thousands of solutions and six decades of experience helping our customers reduce CO2 emissions.

Strong global presence

We are headquartered in Norway and have several locations in Europe and North America

Global Leaders

Hexagon Composites is an active industrial owner, providing world-leading solutions that enable industries to make the switch to alternative fuels. Our business areas and associated companies are leaders in their respective segments, driving the energy transition with a range of alternative fuel solutions.

Numbers

60+ years of experience

850 employees

100,000+ vehicles on the road

At today’s share price, Hexagon Composites ASA (HEX) has a market capitalization of approximately 3.04 billion NOK.

For more information about the company, visit their website here
Video presentation of the company.

Technical Analysis of Hexagon Composites ASA

(ticker at the Oslo Stock Exchange: HEX)

Several positive technical signals have been triggered for Hexagon Composites recently.

In March 2026, the stock broke out of the downtrend within which it had been traded since late 2024 (see week chart below).

Following the sharp rise on Monday, July 6, the stock broke above both the 200-day and 50-day moving averages.

Recently, the 50-day moving average also crossed above the 200-day moving average, triggering a positive technical signal known as the “Golden Cross Signal.”

This indicates that both the short-term and long-term trends for the stock have now shifted from negative to positive.

The BEST model in Vikingen also indicates a buy signal for Hexagon Composites (HEX). This popular and effective technical analysis model was developed by Peter Östevik. He completed the BEST model around 2019, drawing on 30 years of experience with technical analysis and Vikingen Financial Software.

After experiencing a correction over the past two days, the stock is now finding significant technical support around the NOK 9.00 level, where there is technical support down toward both the 50-day and 200-day moving averages.

Aksjeanalyser.com believes that Hexagon Composites stock may now be at a favorable buying level and sees potential for the stock to reach around NOK 17.00 within 3 to 6 months.

The only thing that could potentially change the currently positive technical outlook for Hexagon Composites stock would be if the stock were to break below its 50-day and 200-day moving averages and fall below the NOK 8.00 level.

News from Friday, July 3, 2026

“Hexagon Composites ASA: Hexagon Agility Receives a Significant Order from Certarus for Mobile Pipeline Modules to Meet Data Center Demand”

Source

July 3, 2026: Hexagon Agility, a subsidiary of Hexagon Composites, has received the largest single order to date for Mobile Pipeline^® modules from Certarus, the North American leader in mobile compressed natural gas (CNG) solutions.

The order is valued at an estimated USD 100 million (approx. NOK 1 billion) and includes an option to purchase additional modules valued at up to USD 25 million (approx. NOK 250 million) by 2028.

The Mobile Pipeline TITAN^®^ 450 and the newly launched TITAN^®^ 510 modules will support Certarus’ growing fleet and serve newly awarded contracts, providing a reliable supply of CNG for hyperscale data center projects and meeting increasing demand in numerous industrial markets. The TITAN 510 module represents the latest product innovation from Hexagon Agility, developed to meet emerging opportunities from large-scale, energy-intensive applications such as data centers, offering a 13% increase in volume compared to the TITAN 450.

“We’re proud to continue building on our more than decade-long collaboration with Certarus, developing technology to address critical infrastructure gaps in how energy is delivered,” said Philipp Schramm, CEO of Hexagon Composites. “It is very encouraging to see our long-term focus on innovation directly supporting emerging, energy-intensive applications such as data centers, while remaining fully mobile and redeployable as our customers’ requirements continue to evolve.”

About the Market

The structural demand for virtual pipeline solutions continues to grow across several industries, including utilities, mining, renewable natural gas, and data centers. Data centers are among the fastest-growing sources of energy demand in the United States, driven by continued growth in cloud computing and artificial intelligence workloads. At the same time, energy infrastructure development continues to lag behind demand, with grid interconnection timelines frequently exceeding four years in many U.S. regions. This widening gap between rapid data center deployment and infrastructure availability is driving demand for flexible, interim energy solutions to support start-up power and maintain critical systems.

Hexagon Agility’s Mobile Pipeline solutions have the largest gas transport capacity in North America and are the most efficient solution for addressing gaps in grid infrastructure worldwide, by enabling the delivery of large volumes of energy without the need for fixed pipelines.

Timing

“Deliveries under the order are expected to begin in the third quarter of 2026, with the majority completed over the following 12 months and final deliveries by 2028.”