The Globe and Mail reports in its Tuesday, Nov. 21, edition that TD Securities analyst Aaron MacNeil has reaffirmed his "hold" recommendation for Next Hydrogen Solutions. The Globe's David Leeder writes that Mr. MacNeil is currently the lone analyst covering the company. Mr. MacNeil gave his share target a 25-cent trim to 80 cents. Mr. MacNeil says in a note: "We continue to believe that Next Hydrogen's electrolyzer has the potential to reduce the cost of 'green' hydrogen production and has secured various project awards and government grants, supporting the company's operations to the end of 2024, in our view. However, the outlook for meaningful revenue growth and positive gross margins remains longer dated, and we estimate that Next Hydrogen will likely require additional external sources of financing to support its operations beyond the 2024 time frame. In this context, we are maintaining our 'hold' rating and reducing our target price." The Globe reported on Oct. 8, 2021, that Echelon Capital rated Next Hydrogen "speculative buy." It was then worth $4.90. The Globe reported on Jan. 12, 2022, and April 6, 2022, that National Bank rated Next Hydrogen "sector perform." It was then worth $2.95 and $3.02.