Engie: hydrogen seduces Oddo - still a buyer
(CercleFinance.com) - Oddo maintains its buy rating on the Engie share, with a target price of 14 euros.
While the need for hydrogen is expected to increase over the next few years, Engie is looking to position itself as a pioneer in this field, which could ultimately give it "a strategic advantage, Oddo explains.
Moreover, the hydrogen plans announced by various governments provide real support for the future growth of this market, the broker continues. Engie has already identified the development stages of its medium and long-term hydrogen strategy.
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