ErreDue S.p.A.

Equities

RDUE

IT0005521247

Industrial Machinery & Equipment

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-04-26 am EDT			5-day change	1st Jan Change
9.5 ^EUR	0.00%		0.00%	+4.63%

Apr. 13	ErreDue S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 29	ErreDue grows in 2023 and releases dividend; doubles profit	AN

ErreDue wins tender called by Enea to supply generator

January 30, 2024 at 05:54 am EST

(Alliance News) - ErreDue Spa on Tuesday announced that it has been awarded the tender called by Enea - the National Agency for New Technologies, Energy and Sustainable Economic Development - for the supply of a hydrogen generator with a PEM electrolytic cell worth more than EUR200,000.

The company explained that this order increases the estimated backlog by EUR14 million, to which will be added additional orders to be completed by 2024, according to the company's business model of 120-day average delivery.

"The tender expresses Enea's desire to equip itself with a hydrogen generator mod. SIRIO 1000 D, to enrich its specialized laboratory for research and innovation with a state-of-the-art machine," ErreDue explained in a note.

The plant will be used for the development of an Energy Storage, Power to Gas project.

ErreDue trades in the green by 3.5 percent at EUR9.00 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ERREDUE S.P.A.	9.5 EUR	0.00%	0.00%	63.39M
	ENEA S.A.	8.4 PLN	+1.57%	-4.55%	1.1B

Latest news about ErreDue S.p.A.

ErreDue S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 13	CI
ErreDue grows in 2023 and releases dividend; doubles profit	Mar. 29	AN
ErreDue wins tender called by Enea to supply generator	Jan. 30	AN
Purchases on Mib; banks act as drivers	Jan. 02	AN
Lists start well; Mib in 30,700 area	Jan. 02	AN
ITALY GROWTH WINNERS & LOSERS: ErreDue up; Caribbean Company down.	Dec. 27	AN
Indices up before ECB; Mib, banks in red	Dec. 14	AN
Rally expected after Fed and before ECB and BoE	Dec. 14	AN
Still caution ahead of central banks	Dec. 13	AN
Still caution ahead of central banks	Dec. 13	AN
ErreDue, PEM electrolyzer to be contracted for more than EUR1 million	Dec. 13	AN
ErreDue, profit grows in triple digits in the first half of the year; revenues also up	23-09-26	AN
Mib falls to 28,100 area; Nexi at tail end of list	23-09-26	AN
Stock indexes still in the red; Banca Generali good	23-09-26	AN
Lists passive; Moody's warns on U.S. debt	23-09-26	AN
Milan bearish; Amplifon trailing.	23-09-25	AN
Italy's ErreDue Designates New CFO	23-09-19	MT
ErreDue chooses Rolando Robustelli as new chief financial officer	23-09-19	AN
ITALY GROWTH WINNERS & LOSERS: Visibilia leading; down ErreDue	23-08-09	AN
Mib rebounds in 28,400 area; FinecoBank leads the way	23-08-09	AN
ITALY GROWTH WINNERS & LOSERS: Visibilia and SIF up; ILBE on the bottom	23-08-08	AN
Tax on extra profits sinks Piazza Affari	23-08-08	AN
Futures up on ECB day	23-07-27	AN
Mib flat before Fed and ECB; banks good	23-07-26	AN
ErreDue, revenues rise in double digits in first half of year	23-07-26	AN

Chart ErreDue S.p.A.

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Company Profile

Erredue SpA is an Italy-based Company engaged in manufacturing equipment that generates/produces gases (particularly hydrogen, nitrogen, and oxygen) available to customers and directly accessible at any needed locations. The Company directly produces, sells, and rents gas handling equipment, taking care directly of all production stages: research, design, construction, and after-sales activities. The generators produced are used in many sectors, such as metallurgical, engineering, food, pharmaceutical, marine, energy, etc. In addition, our generators are mostly used in industrial processes to supplement or replace direct gas supply. The Company provides its customers with hydrogen and nitrogen generators for laboratory purposes; generators, mixers and gas purifiers designed to improve customersâ production in the industrial sectors. The Company has a worldwide sales and service network.

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Industrial Machinery & Equipment

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BUY

Number of Analysts

Last Close Price

9.5 EUR

Average target price

10.5 EUR

Spread / Average Target

+10.53%

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Company calendar

Sector Industrial Machinery

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Industrial Machinery