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| 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
|
|
|---|---|---|---|---|---|
| 0.60 | 1.13% | 53.75 | 3,645,961 | 16:35:05 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 53.70 | 54.25 | 55.20 | 52.30 | 53.95 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 5.23M | -101.2M | -0.1641 | -3.27 | 327.87M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:05 | AT | 4,237 | 53.75 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/7/2024 | 09:12 | UK RNS | ITM Power PLC REFHYNE II FID taken |
| 22/7/2024 | 16:30 | UK RNS | ITM Power PLC Total Voting Rights |
| 16/7/2024 | 18:35 | ALNC |  TRADING UPDATES: Journeo wins deals; Strip Tinning earnings warning |
| 16/7/2024 | 07:00 | UK RNS | ITM Power PLC Capacity Reservation |
| 15/7/2024 | 16:00 | UK RNS | ITM Power PLC Director/PDMR Shareholding |
| 08/7/2024 | 13:56 | ALNC | IN BRIEF: ITM Power shares jump as inks new contract |
| 08/7/2024 | 07:00 | UK RNS | ITM Power PLC 500MW Capacity Reservation |
| 17/6/2024 | 16:00 | UK RNS | ITM Power PLC Director/PDMR Shareholding |
| 06/6/2024 | 11:00 | ALNC | ITM Power to outperform guidance with revenue expected to triple |
| 06/6/2024 | 07:00 | UK RNS | ITM Power PLC Trading Update |
Itm Power (ITM) Share Charts1 Year Itm Power Chart |
|
1 Month Itm Power Chart |
Intraday Itm Power Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/7/2024 | 20:04 | ITM Power - integrated hydrogen energy systems. | 32,694 |
| 26/7/2024 | 10:50 | ITM will make 700p by Dec 2010 | 12,103 |
| 26/7/2024 | 10:02 | The ITM Power Thread (V.2) | 7,710 |
| 25/7/2024 | 13:46 | ITM - No Sales, 4m loss and rising, years away from market, 5p target | 8,084 |
| 17/6/2024 | 14:45 | 🌚 moons ITM average competition 🌚 | 496 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:05 | 53.75 | 4,237 | 2,277.39 | AT |
| 2024-07-26 15:35:05 | 53.75 | 183,726 | 98,752.73 | UT |
| 2024-07-26 15:29:56 | 54.02 | 9,256 | 4,999.63 | O |
| 2024-07-26 15:29:53 | 53.70 | 951 | 510.69 | AT |
| 2024-07-26 15:29:53 | 53.70 | 79 | 42.42 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 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 53.15p.Itm Power currently has 616,882,323 shares in issue. The market capitalisation of Itm Power is £331,265,807. Itm Power has a price to earnings ratio (PE ratio) of -3.27. This morning ITM shares opened at 53.95p |
Posted at 25/7/2024 17:19 by gimmethefax Shell feel certain that they will achieve an IRR* of greater than 12%, so FID taken.We should expect to see the economics behind this, via the Refhyne 1 Public Report. *Internal. Not including those external factors (risks), highlighted here before. Personally, I am convinced of ITM Power and the Company's success. I am also convinced of a prolonged period of high inflation (perpetual) and great 'financial risk', through bad policy, possible unrest, and war (all manufactured to various degrees for various reasons). Who can be certain about the actual rate of return before it comes to fruition, considering such possibilities/probab But Shell are convinced it is worth doing, and so am I. Not all unknowns are detrimental. In terms of the stock market price and security of return for a PI... literally no idea, or even confidence. I do not trust at all, but I do hope. That is the gamble. This is why we don't tend to focus on such things around here. Unhealthy. "Discussions about short-term share price movements, charts, trading and general hydrogen chatter should be kept to a different, more suitable ITM thread." |
Posted at 23/7/2024 15:07 by bunlop Graham. It is just like Lilly's growing at 100% per year on a large pond. You think you are OK as you have still got half the pond of open water. ITM will need to negotiate grants, acquire the site, go through a planning process, followed by construction and fit out and connecting services (especially lots of power for testing).It looks to me now that demand and orders are picking up at a rate well exceeding 100% per annum. The plan for being able to keep up with the coming demand in three or four years time can not be too far away. We have already seen how long it takes for these big projects to happen so projects on the drawing board for the first time now for ITM kit will need some certainty that ITM will be able to build that kit in three or so years time. |
Posted at 16/7/2024 07:05 by bloomberg2 16 July 2024ITM Power PLC Capacity reservation ITM is pleased to announce that we have signed a capacity reservation with a large utility company, under which our customer has secured future production capacity for NEPTUNE II units.NEPTUNE II is our 2 MW containerised plug & play electrolyser system, which incorporates our state-of-the-art TRIDENT stack platform.The reservation covers four NEPTUNE II units to be manufactured in the 2025/2026 calendar years for a project in the UK.The project, for which HAR1 (Hydrogen Allocation Round 1) funding has already been secured, expects the Final Investment Decision (FID) by our customer in the 2025 calendar year.Dennis Schulz, CEO ITM said: "This capacity reservation is the result of an intense qualification process by a large industrial player who is keen to buy a safe, reliable and cost-competitive solution. Data gathered from plants in operation were a key differentiator." |
Posted at 08/7/2024 08:34 by institutional investments Institutional Investments - 21 Jun 2024 - 15:18:25 - 8024 of 8052 ITM - No Sales, 4m loss and rising, years away from market, 5p target - ITMITM need to pop up a spew RNS down there, director deal or something for the bulls. If they are going to, be there anyway. But def no inside trading if coming, so that's not good ............ No surprise they popped up something at this block. Was looking like 5p without a news stall |
Posted at 25/6/2024 06:12 by norbus I hope this is behind us. I saw Refhyne 2 recently mentioned so I expect it is back inRefhyne 2 project held up by ITM electrolyser setbacks Market: Hydrogen 16/03/23 Progress on the German 100MW Refhyne 2 renewable hydrogen project has been held back by UK electrolyser manufacturer ITM's decision to trim down its expansion plans and by persistent regulatory uncertainty, Shell's hydrogen business manager Frank Kiesslich said. The Shell-led consortium developing the site was close to taking a final investment decision (FID) in September last year, in line with initial plans, Kiesslich said at the World Electrolysis Congress in Dusseldorf. But ITM, which is a consortiums partner and the project's designated electrolyser supplier, scaled down its expansion ambitions and put plans for construction of a 1.5 GW/yr factory on hold. This, along with regulatory uncertainties, led to the decision to postpone the FID which has still not been taken, Kiesslich said. ITM had cited "geopolitical instability, high inflation and economic uncertainty" as reasons for scaling down its expansion plans. It also said late last year that its production delays could lead to some large-scale hydrogen projects being postponed. The firm in January outlined a 12-month plan to rectify what recently-appointed chief executive Dennis Schulz called "an unacceptable set of results". Kiesslich said a lack of clarity regarding EU renewable hydrogen regulations has also curbed developers' confidence to take an FID on Refhyne 2. While the European Commission published a delegated act with a legal definition of renewable hydrogen last month, Shell does not see it as "a given" that this will take effect, Kiesslich said. The delegated act could still fall through as there are signs of "resistance" in the European Parliament that, along with the European Council, can still reject it, Kiesslich said. Parliament in late February prolonged the period during which it can scrutinise the delegated act, giving it until June to approve or reject. Refhyne 2 is intended to decarbonise processes at Shell's 334,000 b/d Rheinland refinery complex in western Germany and has received EU funding support. The project follows 10MW Refhyne 1, which came on line in 2021. By Stefan Krumpelmann |
Posted at 20/6/2024 15:51 by gimmethefax The project will also publish a public final report setting out the key lessons learned during project operation from a technical, economic and environmental perspective. This report will be available in September 2024.Will we see an FID before then? Are they waiting on the results of an election? Are they hanging on the words of a Politician? Are they waiting for clarity from the Central Bank? What are they waiting for? The REFHYNE 2 project builds on the lessons learnt from REFHYNE, maintaining these projects at the forefront of the low carbon energy transition. This project’s second phase, encompassed by REFHYNE 2, is funded by the European Commission’s European Climate, Infrastructure and Environment Executive Agency (CINEA), whose mission is to support stakeholders in delivering the European Green Deal through high-quality programme management. It will expand Europe’s largest PEM electrolyser from 10MW to 100MW. REFHYNE 2 will install a PEM electrolyser at the Shell Rheinland Energy and Chemicals Plant in Germany, using renewable power to produce green hydrogen and oxygen, which will be fed-in to the existing refinery networks to decarbonise refinery operations. Dennis Schulz, CEO of ITM, said: "During the year, we completed our 12-month plan, transforming ITM into a credible delivery organisation, and we have attained a positive operating rhythm of deploying products to our customers." We have visibly improved our project performance and delivery credibility, which is being positively embraced by our customers. So ITM can deliver. It is up to Shell to pull the trigger. 11 December 2023: ITM Power PLC 100MW capacity reservation ITM is pleased to announce that it has signed a capacity reservation with Shell Deutschland GmbH, under which Shell has secured future production capacity for the manufacturing of our state-of-the-art electrolyser stacks. The reservation covers 100MW of TRIDENT electrolyser stacks to be manufactured in calendar years 2025 to 2026 in relation to the Refhyne 2 project at the Shell Energy and Chemical Plant in Rhineland, Germany, which remains subject to a final investment decision. - - - Dennis Schulz, CEO of ITM, said: "As I reflect on the more near-term market ahead, we will be operating in a complex environment. This ranges from a massive long-term opportunity just waiting to be captured, to dynamically developing markets emerging at different speeds, and short-term macroeconomics currently slowing down market acceleration." "In the short term, the electrolyser market is still immature, with significant 'noise' but only few OEMs and technologies credible commercially. Market consolidation has now started. As a consequence, customers continue to require assurance and certainty around product readiness, technology and delivery performance, all of which are areas in which ITM Power is regarded an industry leader today. We have been seeing the number and size of project enquiries increasing significantly. Many final investment decisions will be unlocked through the normalisation of today's inflation, peak energy prices and cost of capital. Whilst government incentives can stimulate market growth, delays in approvals can also slow projects down." |
Posted at 12/6/2024 13:20 by grahamwales As far as we know none of the major shareholders are selling therefore traders are controlling the price which market makers will be more than happy for the price to go up and down making them money both ways. Those traders once happy with the low price will buy back again.Once ITM can show that they have a regular income from orders placed that should allow the market to price ITM accordingly. |
Posted at 11/6/2024 13:27 by danvandan It's painful to see the drop here and I see everyone here casting around for the reasons. There's an element of truth to each one, but the main reason that there's so much volatility is the fact that ITM is still a start-up and the business is still loss-making.Prior to the trading update, everyone got excited about the prospect that this might be the point where ITM reaches break-even, and even though the results are steadily improving, the business isn't yet sustainable and continues to burn through its cash. There's plenty of funding, so there's no immediate danger, but the breakthrough for the shareprice will be when several HAR2 projects finally go ahead and European projects start buying ITM product in volume. When it happens, the shareprice will go up in multiples and people here will be able to pat themselves on the back for investing in a ten-bagger, but until then, patience and forbearance are the watchwords. This drop could easily continue into the 40s - don't forget we've got two 'conviction traders' shorting this and they've been undeterred by every positive update so far and are possibly encouraging the downward momentum. They will get their comeuppance, but it won't be until we see a steady stream of orders from half a dozen projects. This time next year, Rodney.... There's another very obvious possibility for ITM; the business has such a low valuation, especially considering its cash pile, that we could see a bid for the whole business. Who knows if or when it will come though... |
Posted at 11/6/2024 11:29 by grahamwales SamThe problem with sending out endless RNS’s is that they tend to be short lived and meaningless to investors but attract day traders. So you get a spike on the day then retraces the same day. As long as he can keep growing revenue and keep control of costs which need to be brought down by at least another 25% by 2025 then we hopefully will see an improvement in the share price. If orders are delayed then there’s not much you can do apart from controlling expenditure. The EU elections has not changed ITM biggest market (Germany) who are still going 100 mile an hour for Hydrogen to replace gas and coal. |
Posted at 31/5/2024 16:10 by smokey 1o3 Sonic- English traslation -excellent!If you jump in at the deep end first, you'll get wet first" Interview with Dennis Schulz, CEO ITM Power, about scaling the hydrogen industry For the future mega-market for green hydrogen, electrolysis must be scaled up to the gigawatt scale. This is also associated with growing pains for the British electrolysis shooting star ITM Power. Electrolysis: Hydrogen can be produced through electrolysis, a p Great hopes for the transformation of industry are based on green hydrogen. (Image: rufous – stock.adobe.com) Display Dennis Schulz, CEO ITM Power (Image: ITM Power) In a veritable tour de force, Dennis Schulz has trimmed the British company for efficiency in a year and a half – and led it to become the market leader in PEM electrolysis. In an interview with CT, the ITM CEO explains the recipe for success and his strategy for rapidly changing hydrogen markets. At the Engineering Summit on October 1, 2024, Dennis Schulz will give a presentation on how the hydrogen industry can be scaled up. Technology companies in the hydrogen sector have initially been heavily hyped on the stock market in recent years, but then a certain disillusionment followed. In November, ITM competitor Plug Power admitted problems with the scale-up and suffered a sharp share price loss. Why are you convinced that ITM will not suffer the same fate? Dennis Schulz: Green hydrogen has left the hype and PowerPoint phase behind as a beacon of hope for the energy transition. Now it's a matter of building real plants that actually produce hydrogen and not just produce hot air. At this point, the wheat is separated from the chaff. When I moved from Linde Engineering to ITM Power a year and a half ago, I already knew ITM and its opportunities and challenges very well. Since 2019, the two companies have been joint pioneers in the implementation of PEM electrolyzers on a commercial scale and had secured the first major projects of this kind on the market at an early stage. If you take the plunge into the cold water first, you'll get wet first. ITM therefore had to struggle with the typical scaling problems that had to be solved about two to three years before all direct competitors. |
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