The shares of thyssenkrupp nucera gained significant momentum on Tuesday.
The shares of the electrolysis specialist thyssenkrupp nucera temporarily climbed by 11.24 percent to 18.50 euros via XETRA on Tuesday, leading the SDAX of smaller stocks by a wide margin.
The people of Dortmund want to benefit greatly from the increasing global demand for climate-neutrally produced hydrogen in the coming years. This is consistent with a report in the “Handelsblatt”, according to which Germany and six other European countries have agreed to ban all power plants that emit CO2 from their power grids by 2035.
Some analysts lowered their price targets for thyssenkrupp nucera moderately on Tuesday, but from a high level. Deutsche Bank’s is now 29 euros, Kepler Cheuvreux’s is 27 euros and Metzler Bank has calculated it at 25.10 euros. Based on the current price, the shares still have plenty of room for improvement. Accordingly, the investment recommendations are still “Buy”. Expert Michael Kuhn from Deutsche Bank emphasized that the ratio of incoming orders to sales (book-to-bill ratio) is still above one, so there is no reason to change the assumed growth path.
The shares had already recorded significant price gains the day before following the company’s business figures. Bernstein analyst Deepa Venkateswaran called thyssenkrupp nucera’s outlook encouraging against the backdrop of recent negative industry news.
Since the highest price shortly after the IPO in the summer at 25.28 euros, the shares had fallen by almost half by the end of October. A recovery followed until mid-November before things went downhill again. With this week’s price increase, the recent downward trend has ended and the shares are back to the price level from the beginning of October. They have now recovered 50 percent from their loss from shortly after the IPO to the end of October. From a chart perspective, this is a positive signal.
/ag/mis
FRANKFURT (dpa-AFX Broker)
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