Wolftank Team , an Austria-based company specializing in tank services and refueling technologies, could see its stock value soar by as substantially as 140% about the subsequent 12 months, in accordance to investment decision financial institution Metzler. The financial institution thinks as Europe invests heavily in hydrogen infrastructure, with public financial commitment budgets ranging from millions to the billions throughout various international locations, the Germany-listed company is properly-positioned to capture a slice of this expanding sector. Metzler’s analysts have a selling price target of 23 euros ($24.80) for Wolftank, which usually means the inventory could much more than double from the existing share price tag of all around 9.40 euros. WAH-FF 1Y line The selection of hydrogen refueling stations, a important concentrate for Wolftank, has risen by far more than 600% to 178 across Europe more than the earlier ten years. Wolftank’s organization product assumes buses, industrial trucks, and trains will possible use hydrogen in the potential, rather than mass-industry cars and trucks, which are now principally transitioning toward electrical ability. The business expects revenues from ongoing hydrogen projects to exceed 16 million euros in 2024, with projected figures for 2025 of close to 18 million euros. In addition, initiatives at present in the tendering process could insert about 80 million euros in income for 2025 and outside of if the firm is prosperous, in accordance to Metzler. “The corporation is seeing a good offer of buyer curiosity in its hydrogen refuelling solutions,” claimed Metzler analyst Guido Hoymann. “In the medium time period, there are also main growth opportunities for Wolftank in the parts of environmental and industrial coatings, which need to benefit from the actuality that regular tanks and refuelling stations are mainly obsolete, leading to an enhanced need for maintenance, mend, refurbishment and in the long run dismantling.” The business a short while ago secured various substantial contracts in Italy. Late very last calendar year, Wolftank was awarded a big hydrogen refueling station agreement with a community transportation supplier in the vicinity of Lake Iseo in northern Italy. The enterprise also secured a important order from the Italian general public transportation organization TPER to refuel hydrogen buses in the Emilia Romagna location truly worth 30 million euros until eventually 2026. Last 7 days, the business also disclosed that it was awarded two even more contracts totaling 6.7 million euros. “Wolftank proceeds to continue to keep up the tempo and shows with the latest get acquisition that pilot jobs can be productively transferred into adhere to-up orders,” explained research analysts Patrick Speck and Miguel Lago Mascato at a different broker, Montega, according to a CNBC translation. They extra that it “underlines the attractiveness of the fairness tale.” The consensus selling price concentrate on of 4 analysts polled by FactSet points to a 124% upside for the stock. — CNBC’s Sophie Kiderlin contributed reporting.
