BUZZ-Goldman likes Nel, rates Ceres 'sell' in green hydrogen update
13:20 (04-02) - Bron: Reuters
** Goldman Sachs starts coverage of Europe's Nel , ITM Power and Ceres Power , set to benefit from strong growth prospects of the green hydrogen economy
** "Clean hydrogen has emerged as a critical pillar to any aspiring global net zero path," it says as policy, affordability and scalability seem to converge to create strong momentum
** GS starts Norwegian hydrogen firm Nel with "buy", citing a strong growth outlook, technological diversification and a more conservative approach to manufacturing expansions
** It initiates hydrogen energy solutions manufacturer ITM Power with "neutral" on strong relative outperformance over the
past two years and a more aggressive stance on expansions
** The brokerage starts technology group Ceres Power with "sell", which lacks near-term catalyst before its partners enter
into mass solid oxide fuel cells manufacturing
** Nel, ITM and Ceres stocks are down by around 20%, 36% and 46% YTD, respectively
(Reporting by Juliette Portala)
((juliette.portala@tr.com))