ENXTPA:ALOMachinery
Alstom (ENXTPA:ALO): Valuation Check After French IPCEI Hydrogen Funding Is Pulled
Alstom (ENXTPA:ALO) has just confirmed that French government funding for its IPCEI backed hydrogen projects is being pulled. This has prompted the group to suspend related work while it negotiates alternatives with authorities.
See our latest analysis for Alstom.
The news lands after a strong short term rebound, with a 7 day share price return of 7.7 percent and a 30 day gain of 14.6 percent. However, the 5 year total shareholder return remains sharply negative, suggesting recent momentum is...