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The latest announcement is out from Erredue S.P.A. ( (IT:RDUE) ).
ErreDue S.p.A. has signed an agreement with Pacella Luxury Real Estate S.r.l. to supply a 1 MW green hydrogen production plant valued at €1.5 million, to be built at the Torrenieri-Montalcino site. This project, part of the Hydrogen Valley initiative funded by the Ministry of Environment and Energy Security, aims to create a sustainable energy infrastructure powered by renewable sources. The plant will produce up to 160 tons of hydrogen annually, contributing to the development of an integrated industrial supply chain for green hydrogen. The initiative also includes plans for a hydrogen refueling station, supporting the local economy and the national energy transition.
The most recent analyst rating on (IT:RDUE) stock is a Buy with a EUR9.60 price target. To see the full list of analyst forecasts on Erredue S.P.A. stock, see the IT:RDUE Stock Forecast page.
More about Erredue S.P.A.
ErreDue S.p.A. is a company specializing in the design and production of innovative and customized solutions for the on-site production, mixing, and purification of technical gases, including hydrogen, nitrogen, and oxygen. The company focuses on providing reliable and scalable energy transition solutions, positioning itself as a key player in the national hydrogen landscape.
Average Trading Volume: 3,022
Technical Sentiment Signal: Sell
Current Market Cap: €40.31M
Learn more about RDUE stock on TipRanks’ Stock Analysis page.