Dutch aircraft manufacturer Airbus SE’s (EADSF) CEO Guillaume Faury recently said, in an interview, that the company may make the engines for its hydrogen-fuelled airplanes, Reuters reported citing a German newspaper, Welt am Sonntag.
The company plans to build a zero-emission hydrogen-fuelled commercial aircraft, the world’s first, by 2035.
The engines for these aircraft would be electric in nature and could be produced in-house, Faury said.
About Airbus
Airbus is engaged in the design, manufacture, delivery, and provision of aerospace products, space, and related services. The company makes commercial aircraft, helicopters, and defense and space aircraft.
EADSF stock closed almost 1% up on Friday at $127.50.
Wall Street’s Take
Recently, Christophe Menard from Deutsche Bank assigned a Buy rating to the stock with a price target of $156.86 (23% upside potential).
Overall, the stock has a Strong Buy consensus rating based on 9 Buys and 1 Hold. The average EADSF price target of $166.36 implies 30.5% upside potential. Shares have gained 17.7% over the past year.
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