HRS: Acceleration confirmed







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(Boursier.com) — HRS rose by 1% to 20.80 euros on Tuesday, while the group received a request to upgrade, with the supply of 2 HRS40 stations (40 kg / hour or 1 ton / day), from the company HYmpulsion, in charge of the Zero Emission Valley (ZEV) project.
The Zero Emission Valley project aims to develop, on the scale of the Auvergne-Rhône-Alpes region, a low-carbon, profitable and sustainable mobility sector, through the simultaneous deployment of production, storage and distribution infrastructures for green hydrogen on the one hand and the provision of hydrogen vehicles on the other.

The plan provides, by 2024, the deployment of 18 hydrogen stations, and 450 light utility zero-emission fuel cell vehicles and around 115 buses, trucks and coaches, as well as the production of green hydrogen . This project aims to make Auvergne-Rhône-Alpes the pioneer region of hydrogen mobility in France and one of the first carbon-neutral territories at European level, while participating in the creation of profitable and duplicable models at the European scale.

Acceleration in progress

To date, on this program, 3 stations have been inaugurated, including the Saint-Priest station manufactured by HRS. This HRS14 station (14 kg/hour) currently represents the largest daily throughput capacity of the ZEV network. In addition, a future deployment is planned in Aubenas (07) with an HRS14 station (14 kg/hour) previously ordered…
In this context, HYmpulsion will accelerate the deployment of its distribution network in the coming months and chooses HRS to supply 3 hydrogen stations, including the first larger capacity stations by ordering two HRS40 stations (40 kg / hour or 1 ton / day) which will be installed in Lyon Saint-Exupéry (Rhône) and Malataverne (Drôme).

“We have a ‘Buy’ recommendation and a TP of 28.80 euros” commented Portzamparc who underlined that the title has been under pressure in recent sessions, “while we consider that it presents a more solid profile than most players (full order book, limited cash burn, break even expected this year…)”.


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