reports
- Martin Huseby Karlsen
- Martin Huseby Karlsen
Aker Clean Hydrogen (No_rec, TP: NOK) - Joining its parent
With Aker Horizons agreeing to join forces with Aker Clean Hydrogen, ACH will get access to AKH’s financial and broader industrial capabilities, while AKH will get access to Aker Clean Hydrogen’s NOK2.7bn of available cash, which could be utilised on projects nearer in time than ACH’s. Based on 30-day volume-weighted average share prices, shareholders in ACH will receive 0.2381 shares in AKH for each share owned in ACH, reflecting a 16.7% premium to yesterday’s closing price for ACH. Due to DNB ...
- Martin Huseby Karlsen
Aker Clean Hydrogen (Buy, TP: NOK19.00) - High on hydrogen
With strong market growth widely expected, we believe backing from the Aker Horizons platform lends support and credibility to Aker Clean Hydrogen’s plan to become a leading producer of green hydrogen – despite some external uncertainties. Based on its 2030 ambitions, we initiate coverage with a BUY and target price of NOK19.
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