Wolftank-Adisa Holding Partners with Consortium to Create Hydrogen Infrastructure in Northern Italy

Wolftank-Adisa Holding is partnering with a consortium to build an infrastructure for hydrogen in Northern Italy. This project will involve the conversion of 127 buses from TPER, and is estimated to cost in the mid-double digit millions. The company has raised 5.9 million euros through a capital increase, issuing 420,000 shares at €14 each. Analysts have upgraded their recommendation on the stock from ‚hold‘ to ‚buy‘, and increased their target price from €16 to €18. Wolftank-Adisa also has potential opportunities in the hydrogen sector worth hundreds of millions of euros. For 2023, analysts forecast revenues of €79.7 million and earnings per share of €0.05; these figures are expected to rise to €99.9 million and €0.67 respectively in 2024. Following this news, shares in Wolftank-Adisa have risen by 2.2% to €13.70 each.

Hydrogen as an Energy Source

Hydrogen has been studied extensively as a potential energy source due to its high energy content and environmental benefits. Hydrogen fuel cells are being developed that could provide clean, efficient energy for transportation, industry, and residential use. These fuel cells combine hydrogen with oxygen from the air to produce electricity, with water and heat as the only byproducts. This technology is still in the early stages of development but has potential to revolutionize how we generate and use energy.
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Picture source: Shaun Dakin