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Investing.com -- Shares of Lhyfe saw a modest increase of 2% today, following the company’s reaffirmation of its ambitious 2026 targets and a positive view on the European regulatory environment for green hydrogen.
The French-based hydrogen producer reported revenues of €5.1 million, as previously disclosed on January 31st, and an EBITDA loss of €-25.7 million. Despite the loss, investors appeared to focus on the company’s future prospects, with a strong emphasis on the expected growth in hydrogen sales and partnership revenues.
The company’s outlook for 2025 indicates a significant increase in revenue, anticipating a two to threefold rise in hydrogen sales compared to 2024, alongside robust growth in partnership revenues.
Lhyfe’s constructive stance on the deployment of green hydrogen in Europe is supported by recent regulatory developments, including the Clean Industrial Deal of February 2025, the implementation of RED III mandates by May 2025, and various support mechanisms at both EU and country levels. These developments have reportedly led to a fourfold increase in Final Investment Decisions (FIDs) in 2024, providing Lhyfe with clearer near-term growth prospects.
RBC analysts commented on the company’s full-year 2024 results, calling it "a positive release."
They noted, "Lhyfe’s ambitious 2026 guide has been confirmed and we think this will be taken positively by the markets." The analysts also highlighted management’s optimism regarding the European regulatory landscape, which is expected to bolster project development. For the fiscal year 2025, RBC’s commentary suggests that Lhyfe’s revenues could exceed €20 million, with room for further growth implied by the term "strong growth."
Additionally, the company’s cash reserves of €72 million at the end of 2024 are seen as sufficient for Lhyfe to continue its strategic deployment, increase production capacity, and develop its project pipeline.
Investors appear to be responding to the positive guidance and the strategic positioning of Lhyfe within the green hydrogen sector, as the company confirms its 2026 guidance of a +10% Group EBITDA margin and €100 million revenue.
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