ThyssenKrupp nucera positioned to benefit from EU hydrogen auction

The European Union is expected to launch its fourth hydrogen auction in December with a total budget of 500 million euros. The funding is split between 350 million euros for renewable RFNBO-hydrogen and 150 million euros for low-carbon hydrogen produced via electrolysis.

Analysts from mwb research suggest this move could provide significant momentum for the hydrogen market by reducing bureaucratic hurdles and improving project economic viability. ThyssenKrupp nucera is viewed as well-positioned to benefit from this potential upswing due to its strong balance sheet, solid cash position, and successful track record in completing large-scale projects. Analysts maintain a buy recommendation for the company with a price target of 15.00 euros, despite a projected loss per share for the current year.