FRANKFURT (dpa-AFX) - Shares in Thyssenkrupp Nucera, which hit a record low in April, continued their recent recovery on Friday. With a rise of up to 3.4 percent in early trading, they tested the 21-day line. This is a popular chart indicator among investors. However, the movement was not sustainable: with a rise of two percent to EUR 12.44, the share price was recently back below this line. They have recovered by almost eight percent from the April low of 11.55 euros.

Bernstein analyst Yoann Charenton raised hopes for a pilot project in the USA in a study on Friday. He pointed out that CF Industries, the world's largest ammonia producer, was about to commission a plant for which Nucera was supplying the electrolyzer.

CF is one of the first customers for the hydrogen specialist's AWE technology, which, according to Nucera, can be used to produce green hydrogen on an industrial scale. The analyst believes that this could become an important sentiment driver among investors. He continues to rate the Nucera share as a "buy" with a price target of 22.50 euros, which promises 80 percent upside potential./tih/jha/