FRANKFURT (dpa-AFX) - The shares of German hydrogen companies continued their strong recovery of the previous day on Wednesday. The shares of SFC Energy rose by 3.6 percent as a result of more optimistic annual targets. Shares in Thyssenkrupp Nucera recorded a recent rise of four percent. SFC reached its highest level for almost two months and Nucera for just under a month.

Due to continued high demand, fuel cell supplier SFC raised its sales forecast for the current year again in the middle of the week. The target range for the operating result was also narrowed to the upper end. Analyst Malte Schaumann from Warburg Research was not surprised by this, but he still sees room for improvement due to the low profitability implied in the final quarter. However, he spoke of better than expected figures for the third quarter.

The day before, the plans of the German Federal Minister of Economics, Robert Habeck, for a 9700-kilometer hydrogen pipeline network were seen as the impetus for a recovery in both stocks, after bad news from the industry from the US company Plug Power had left its mark. Nucera had lost up to a third of its value compared to the issue price in its short Borsen career./tih/mis