(new: share price, experts and more details)

FRANKFURT (dpa-AFX) - The shares of Thyssenkrupp Nu cera remained on a recovery course on Tuesday after the publication of quarterly figures. By early afternoon they had risen by 7.63 percent to 16.08 euros. Since the interim low around a week ago, the share has now recovered by almost 18 percent.

The company continues to benefit from the ramp-up of its hydrogen business and the implementation of a related major order in Saudi Arabia. In addition, the subsidiary of industrial group Thyssenkrupp was able to book further orders. Hydrogen projects are leading the way. The costs for the expansion of this business initially weighed on the results. However, these were better than expected.

The share had already recovered significantly the day before, overcoming an important technical resistance level, namely the 21-day line. This moving line indicates the short-term trend and lies just below EUR 14.90. However, the next resistance level is around EUR 16.

Analyst Michael Kuhn from Deutsche Bank sees a good start to the new year. The company's projects are making progress, he wrote in an initial assessment.

Leon Mühlenbruch from Alster Research expressed the same opinion. The company's "true potential will unfold by 2028." The Group is currently making progress, achieving important milestones in major projects and strengthening its own structures.

Thyssenkrupp floated the electrolysis specialist on the stock market in the summer of 2023. Since the high of 25.28 euros shortly after the IPO, the shares had fallen by almost half by the end of October. This was followed by a recovery until shortly before Christmas, before things went downhill again. The placement price was 20 euros - initial subscribers are therefore still sitting on high losses./hosmjf/mis/jha/