McPhy Energy is down more than 2% under the weight of comments by Oddo BHF, which maintains its 'underperform' opinion and reduces its target price from 2.6 to 1.9 euros, on the hydrogen production equipment specialist's share.

The research firm revised downwards its earnings guidance for the company following its 2023 results, pointing out that 'the sector environment remains under pressure and order intake has been lower than expected'.

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