(CercleFinance.com) – thyssenkrupp nucera gained more than 1% in Frankfurt, while Deutsche Bank initiated monitoring of the stock with a ‘buy’ advice and a price target of 30 euros showing an upside potential of around 30%.
According to the broker, the subsidiary of thyssenkrupp – which has been listed on the stock exchange since last month – is well placed to take a ‘significant’ market share in electrolysis processes for hydrogen production, a sector still in its infancy but whose size could, according to him, reach several billion euros over the coming decades.
In its note, DB estimates that the total capacities of this industry could thus increase from only 0.3 GW in 2020 to some 10,000 GW by 2050.
From this point of view, thyssenkrupp nucera is today one of the few players in the business to display a long experience in the installation and maintenance of on-site production units, continues the broker.
Deutsche Bank considers that its alkaline electrolysis (AWE) technology is well suited to the deployment of large industrial projects, as evidenced by the recent orders that the group has won.
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