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ITM Itm Power Plc

36.76
1.22 (3.43%)
31 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itm Power Plc LSE:ITM London Ordinary Share GB00B0130H42 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  1.22 3.43% 36.76 4,013,704 16:29:58
Bid Price Offer Price High Price Low Price Open Price
36.76 36.98 38.00 35.28 38.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 16.51M -27.22M -0.0441 -8.34 219.41M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:03 O 16,547 36.292 GBX

Itm Power (ITM) Latest News

Itm Power (ITM) Discussions and Chat

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Itm Power (ITM) Top Chat Posts

Top Posts
Posted at 01/2/2025 08:20 by Itm Power Daily Update
Itm Power Plc is listed in the Electrical Machy, Equip, Nec sector of the London Stock Exchange with ticker ITM. The last closing price for Itm Power was 35.54p.
Itm Power currently has 617,370,989 shares in issue. The market capitalisation of Itm Power is £226,945,576.
Itm Power has a price to earnings ratio (PE ratio) of -8.34.
This morning ITM shares opened at 38p
Posted at 30/1/2025 19:41 by moonshine1
I think one of the things Graham Cooley did that has stood the company in very good stead, was to raise so much capital when ITM’s share price was soaring. By the time he left, ITM was on a very solid financial footing, and it looks like it will fund the company through to profitability.
Posted at 30/1/2025 18:05 by moontheloon
I think on the face of it itm in a slightly better position than ceres going forward... its a disappointing end but only reflects on the markets not the company. As such I feel itm will attract one or more upgrades tomorrow. The markets will catch on we just need non frothy share price growth ongoing through February
Posted at 30/1/2025 13:20 by melton john
Zeus, have this update this morning:
ITM provides UK investors with focused exposure to the emerging global hydrogen sector. The company's PEM electrolyser stack product is already deployed at various client sites, and ITM continues to focus on further R&D, announcing several new industry partnerships in the last 24 months targeting development of various aspects of its product. Alongside this, ITM is also focusing on its ability to deliver its electrolyser stacks at scale, investing in its core Bessemer Park facility in Sheffield to increase both manufacturing and product testing capacity, including a significant increase in electricity supply. Cash burn has also been addressed, including cost cuts and other restructuring, and the existing cash holding gives a significant funding runway. The strategic resetting of the business since early 2023 has put ITM in an improved position to take advantage of the increasing global interest in hydrogen, and to capture market share as demand for related equipment develops, on the back of supportive government policy and private sector investment. We anticipate further progress on the new strategy, manufacturing delivery and build-out, new orders, new partnerships with global names, and an eventual significant uptick in revenue growth. We have a Buy recommendation and 72p target price.
Posted at 24/1/2025 08:04 by grahamwales
Doesn’t matter about today’s share price it’s what it is in future that I'm interested in. If sales continue to grow so will the share price 😉
Posted at 23/1/2025 11:41 by smokey 1o3
Nikolaus ValeriusNikolaus Valerius
CEO RWE Generation SE on Linkden

2/3 of the capacity we are doing together with ITM Power - PEM electrolyzer technology and Linde as contract partner.

Around five months after taking FID on the total project, it was a good moment together with my board colleage Dr. Sopna Sury to look how far ITM is with the production of the electolyzers in their facilities in Sheffield, UK.

But before getting in touch with our stacks, which are almost ready to ship for Line 1 to our site in Germany, i had to undertake a laborartory electrolyser build up and commissioning competition ..

ITM is testing their membranes in this laboratory: its durability and development latter!
A pre qualification session for me you may say 😉, a development and testing step on European electrolyzer technology for ITM.

Its a good signal that the technology is developed in the UK, in Europe and gets alive with RWE in Lingen. First time already 2024 in our 5 MW pilot section and the next 100 MW going online 2025.

👉In a nutshell: we are on time underway. The Linde, ITM and RWE team, all the colleagues in the project are fully energized and with fun and professionalism working on the project to deliver a big success!

Bravo!
Posted at 17/1/2025 14:27 by grahamwales
From LinkedIn

GET H2 is our 300 MW electrolyzer project, we are currently erecting in #Lingen.
2/3 of the capacity we are doing together with ITM Power - PEM electrolyzer technology and Linde as contract partner.

Around five months after taking FID on the total project, it was a good moment together with my board colleage Dr. Sopna Sury to look how far ITM is with the production of the electolyzers in their facilities in #Sheffield, UK.

But before getting in touch with our stacks, which are almost ready to ship for Line 1 to our site in Germany, i had to undertake a laborartory electrolyser build up and commissioning competition ..

ITM is testing their membranes in this laboratory: its durability and development latter!
A pre qualification session for me you may say 😉, a development and testing step on European electrolyzer technology for ITM.

Its a good signal that the technology is developed in the UK, in Europe and gets alive with RWE in Lingen. First time already 2024 in our 5 MW pilot section and the next 100 MW going online 2025.

👉In a nutshell: we are on time underway. The Linde, ITM and RWE team, all the colleagues in the project are fully energized and with fun and professionalism working on the project to deliver a big success!
Posted at 08/1/2025 13:52 by stevepud
Another £7.7m from BEIS



Gigatest
Led by ITM Power (Trading) Ltd
Contract Value: £7,709,749

Gigatest will be an enabler for ITM Power to accelerate both the commercial development of its 4th-generation Proton Exchange Membrane (PEM) electrolyser stack, and its new Gigafactory manufacturing site (located in Sheffield). Through this project ITM Power seeks to commercialise the lowest-cost green hydrogen solution on the market, supporting rapid decarbonisation in hard-to-abate sectors whilst also strengthening the UK’s leadership in clean energy technologies.

As part of Gigatest ITM Power will build its first 4th-generation electrolyser stack. This follows conceptual designs developed through previous BEIS funding competitions. Following construction, the stack will undergo rigorous testing in Sheffield in representative conditions to validate the performance and in a 4MW field trial at a commercial site to validate the technology in real-world conditions, ensuring the technology is ready for large-scale commercialisation. ITM Power’s 4th-generation stack has multiple advantages over current competitors including: lower capital costs, higher current density, and a smaller physical footprint for the system. These advantages will greatly enhance the stack’s ability to operate under flexible conditions when coupled to renewable energy, therefore producing green hydrogen at the lowest cost on the market. ITM Power is confident the 4th-generation stack will be globally best-in-class, offering multiple advantages over other technology platforms, and aims to establish it as the mainstream green-hydrogen solution in the UK and global markets.

Furthermore, Gigatest will be critical to ITM Power for deployment and validation of key manufacturing equipment at its new Gigafactory. This will contribute to the enabling of semi-automated mass-production processes suitable for the components of the electrolyser stacks. ITM Power’s new Gigafactory will be crucial in ramping-up green hydrogen production in the UK and establishing the UK as a global export leader of electrolyser technologies. Advancements in manufacturing techniques and equipment through Gigatest will allow ITM Power to realise a manufacturing capacity of 1GW/year by 2024 whilst maintaining the highest quality standards for the 4th-generation stack.

Gigatest will make an important contribution to the UK’s 2030 hydrogen production target of 5 GW and to securing highly skilled manufacturing jobs in the UK.

Visit the ITM Power (Trading) Ltd website for more information.
Posted at 23/12/2024 08:38 by moontheloon
An absolute desperate muppet he is. It's funny, the share price currently giving him and out. If we stack up the mws itm are involved with already it's going to be close to profit in 2026. But we are only on tip of iceberg here. Think there is plenty of renewed confidence and optimism around itm.
Posted at 05/12/2024 12:58 by sam_
I think we’ll need Elon Musk to tweet about ITM for the share price to reach this new price target 😅

The share price is struggling to hold 1% ffs , come on Dennis do something!!
Posted at 05/12/2024 10:49 by moontheloon
ITM Power delivers strongest interim revenue performance on record.....Thu, 05th Dec 2024 08:07(Sharecast News) - Energy storage and clean fuel business ITM Power said on Thursday that it had delivered its strongest revenue performance ever in the six months ended 31 October.ITM Power stated interim revenues were expected to come to £15.2m, while adjusted underlying losses were seen at £17.1m for the half.Looking forward, the AIM-listed group stated full-year revenue expectations were unchanged at between £18.0m and £22.0m. However, adjusted underlying losses were now seen at £32.0m-36.0m, up from £35.0m to £40.0m.Chief executive Dannis Schulz said: In the first half of the year, ITM achieved its strongest revenue performance in any six-month period whilst tightly managing costs and capital expenditure. Our sales pipeline has continued to grow, and we are well-positioned as customer FIDs accelerate through 2025. We look forward to providing a more detailed update with our interim results in January."As of 0945 GMT, ITM shares were up 2.52% at 35.38p.
Itm Power share price data is direct from the London Stock Exchange

Itm Power Frequently Asked Questions (FAQ)

What is the current Itm Power share price?
The current share price of Itm Power is 36.76p
How many Itm Power shares are in issue?
Itm Power has 617,370,989 shares in issue
What is the market cap of Itm Power?
The market capitalisation of Itm Power is GBP 219.41M
What is the 1 year trading range for Itm Power share price?
Itm Power has traded in the range of 32.20p to 71.80p during the past year
What is the PE ratio of Itm Power?
The price to earnings ratio of Itm Power is -8.34
What is the cash to sales ratio of Itm Power?
The cash to sales ratio of Itm Power is 13.77
What is the reporting currency for Itm Power?
Itm Power reports financial results in GBP
What is the latest annual turnover for Itm Power?
The latest annual turnover of Itm Power is GBP 16.51M
What is the latest annual profit for Itm Power?
The latest annual profit of Itm Power is GBP -27.22M
What is the registered address of Itm Power?
The registered address for Itm Power is 2 BESSEMER PARK, SHEFFIELD, S9 1DZ
What is the Itm Power website address?
The website address for Itm Power is www.itm-power.com
Which industry sector does Itm Power operate in?
Itm Power operates in the ELECTRICAL EQUIPMENT sector

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