thyssenkrupp nucera positioned for hydrogen market recovery

A study by mwb research indicates signs of revitalization in the hydrogen market, positioning thyssenkrupp nucera for a potential upswing. According to the report, customer projects are moving closer to investment decisions, driven by decarbonization pressures and stricter regulations.

The Dortmund-based company relies on its established chlor-alkali business for stability and cash flow while expanding its green hydrogen electrolysis activities. The company's project pipeline is maturing, with several initiatives currently in the paid FEED (Front-End Engineering Design) study phase.

Additionally, the growing number of installed hydrogen plants is expected to create recurring revenue through service, maintenance, and modernization. mwb research maintains a buy recommendation for the stock with a price target of 15 euros.