RE: Ceres European Funding - Huge News14 Feb 2023 20:49
Thank you Savvy, I was shocked when I read it too, also I saw this note too. Goldman Sach’s reiterates Ceres as a Buy
* Goldman Sachs expects the "clean hydrogen revolution" to keep picking up pace driven by the positive regulatory momentum
* GS sees most electrolysis capacity additions stemming from Europe, Australia and Asia in 2021-2024, with strong upside from the U.S. and Canada
* Incentives from the U.S. Inflation Reduction Act (IRA) drive large-scale projects in a region that has not materially engaged with green hydrogen before, the broker says
* It notes a rapid jump in the announced U.S. projects by 2030, from the 2 GW stated in 2022 to 12 GW currently
* Supported by announced projects, GS expects global green hydrogen volumes to triple by 2030 compared to last year, which does not yet reflect the full upside from the IRA
* It downgrades Nel to "neutral" from "buy" on the stock's outperformance over the last year but maintains a positive view on Nel's growth prospects, citing the new wave of policy support for hydrogen in Europe, the U.S. and globally
* It reiterates "buy" on De Nora and Ceres Power (Reporting by Marta Frackowiak)