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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)

((Emanuele.berro@thomsonreuters.com))

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