Fundamental Research Corp. has initiated coverage on Homerun Resources (TSXV: HMR) (FSE: 5ZE), with a BUY rating and a fair value estimate of C$2.54/share (current share price C$1.02).
Homerun is building a vertically integrated High Purity Quartz (HPQ) supply chain in Brazil — from mining to solar glass manufacturing — with the goal of serving the fast-growing hashtag#solar and energy storage sectors.
Key highlights from the report: * Plans for Latin America's first solar glass plant with advanced offtake agreement discussions * Proprietary IP from UC Davis partnership for clean HPQ production * Expansion into energy storage with U.S. Department of Energy's National Renewable Energy Laboratory (NREL) collaboration * Recent acquisition of Halocell Europe, focusing on next-gen perovskite solar cell tech
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