Thyssenkrupp Nucera falls after second outlook cut
BUZZ-Thyssenkrupp Nucera falls after second outlook cut ** Shares in Thyssenkrupp Nucera NCH2.DE are down 3.4% after falling as much as 7.7% as on Tuesday it trimmed its full-year outlook for the second time in 5 months
** The German electrolysis equipment maker now expects a FY EBIT loss of €75 million to €105 million (prev. loss of €30 million to €80 million) after abandoning plans to build its own mass-production capacity for solid oxide electrolysis cell (SOEC) stacks
** FY group sales are now forecast at €450 million to €500 million (prev.: €450 million to €550 million)
** "Endless negative news on Nucera," a local trader says
** Green hydrogen in Germany seems unmanageable, earnings story is dead, the trader adds
** The stock is down around 11% YTD
(Reporting by Emanuele Berro)