Thyssenkrupp Nucera: Strong growth with green hydrogen

Last Updated: 9. Januar 2024By

You know Thyssenkrupp, but do you know Thyssenkrupp Nucera? The Dortmund-based Thyssenkrupp Nucera AG & Co. KGaA specializes in electrolyzers for the production of green hydrogen. Founded in 1960, the company also offers industrial services in addition to its main operations. As of the end of the last fiscal year, the company employed 675 people.

Thyssenkrupp Nucera shows strong growth. Revenue increased by 70% to 652.8 million euros. Earnings before interest and taxes also rose from 8.8 million to 23.8 million euros. Thyssenkrupp Nucera achieved a net profit of 22.5 million euros, significantly higher than the 6 million euros of the previous year. The company also benefited from a strong final quarter, with results exceeding analysts‘ expectations.

Short-term investments will affect earnings. Due to start-up costs for its alkaline water electrolysis business, the company expects a significant decline in earnings in the mid-double-digit million euro range.

After quarterly figures: Sharp downward trend halted. After falling from 24.78 euros since the IPO in July to under 22 euros, the new quarterly figures have boosted the already started upward trend. Within a few weeks, the stock rose by 24%. What potential does the stock offer?

No sustainable upward trend yet, potential up to 22 euros. Conclusion: Currently, the stock is only followed by two analysts. One recommends buying and the other recommends holding. The average analyst price target is 19 euros, with a high target of 22 euros. However, the volatile stock would have to confirm the new upward trend sustainably first.