Hydrograph: Demand Scaling And The Defense Angle

Joffrey Simonet123 FollowersFollow5ShareSavePlay(25min)CommentsSummaryHydroGraph (HGRAF) is executing as I expected, with recent EPA/REACH clearance a key milestone, new reactor buildouts, and progress in all directions.Their Compounding Partner program shows what the playbook for demand scaling will be across end-uses; the first polymer partners point to thermosets as a likely source of first contract revenue.Early signs of U.S. defense ecosystem qualification are emerging. This could develop into an incredible long term moat for HydroGraph.I reiterate a Buy rating for long-term investors, but highlight valuation risks due to narrative-driven volatility and lack of near-term fundamental metrics. LD/iStock via Getty Images This article is a follow-up to my first piece available here, I will thereafter assume you are familiar with it before reading this one. Today, I would like to cover and discuss the various significant developments thatThis article was written byJoffrey Simonet123 FollowersFollowI am an individual investor with a background in corporate financial analysis, macroeconomics and policy, managing my own long-only portfolio for over 5 years. I invest across the value-growth spectrum, from deep value to early stage tech stocks, but with an overall high exposure to semiconductors, AI compute/infrastructure, and emerging technologies. My investment horizon is long-term. I let my winners compound as I believe in the wisdom of continuing to own great companies for as long as they remain great. As for my losers, I generally allow my thesis to play out at least a year, absent any dramatic event that would put said thesis in question. Due to my background, I tend to pay particular attention to long-term geopolitical and macro trends that will provide tailwinds to specific investment themes, and orient my portfolio based on those tailwinds. These also help me maintain conviction as a buy-and-hold investor during market volatility. Mastering ones own emotions is a part of the investing journey, I hope you will join me for the ride.Analyst’s Disclosure: I/we have a beneficial long position in the shares of HGRAF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.