Moon, are you still trying to work out my style of trading based on my posting?? :))) |
RWE getting ready to supply hydrogen using ITM 4mw electrolyser
RWE and Westfalen to launch German hydrogen refuelling station in 2025 |
There was no reason for this morning’s drop ITM should not be affected by what goes on in the US. At least not for now 😉. They are recruiting in the US though and starting to make inroads with potential customer contacts. |
When Dennis first started he stated that PEM electrolyser manufacturer's would consolidate leaving just 4 or 5 manufacturers remaining. To be honest I cannot see Plug surviving past the next couple of years. |
As usual bald Rick you've covered both red and black and green 0 |
Should go back up to 55p b6 tomorrow |
How are you folks doing today? |
They're buying back |
On r3covery mode |
Another 5 per cent drop this afternoon quite possible..so bad !! |
Future trading is currently bad across the pond. |
"‘Buy’ ITM power, says Peel Hunt
Peel Hunt has maintained its ‘buy’ recommendation for ITM Power (ITM) after the company cut its anticipated pre-tax profit losses for 2024 by 25%.
Analyst Nick Walker said that the new energy and clean technology company had flagged a pre-tax profit loss of between £39m and £44m in a June trading update, but has since lowered that to between £30m and £32m following the resolution of disputes relating to legacy projects.
‘This continues an improving trend in guidance since August 2023,’ Walker said.
At the mid-point of the range, this newly revised [pre-tax profit] loss is not only 25% lower than guidance in June, but a 35% improvement from January’s guidance, which anticipated a £45m-£50m loss, a 38% improvement on August 2023’s £45m-£50m forecast loss and a 76% improvement on £94.2m loss reported for the 2023 financial year.
Walker said that, with 2024 preliminary results due later this month, he would review forecasts to reflect the recent changes.
‘We maintain our “buy” recommendation and target price of 200p,’ he said. The shares softened 0.3% to 52p at the end of last week." |
More downside when US markets open . |
SNAFU by Fed...again. US economy weak enough to require, at least, a 25bp cut at the recent meeting. Worst case we have a six week wait for the next meeting to cut more or-and more likely-they come back to work early and cut. Either way, I think this is a buying opportunity in a broad range of shares. I added to ITM this morning. |
Looks like short attack buy before they close 😁 |
It's a sell off all-around..we could see 45p again. |
This is classic, from the comments on LI:Cyrus from Plug'A quote from someone who hasn't been to Plug's Gigafactory in Rochester, NY ?That said, good to hear other companies are doing real things, the industry needs it...'Dennis's response: 'Actually, they have been to your factory just before. (Apologies, not even joking...)' |
Moon
Read the last paragraph
It makes the whole ITM Power team incredibly proud to see so many products successfully manufactured, tested and ready for collection by our customers. Every TRIDENT stack skid in this photo is built for a commercial project - not a single one is built to stock. |
Thanks sonic. |