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
  -21.50 -4.56% 450.50 4,147,317 16:29:46
Bid Price Offer Price High Price Low Price Open Price
448.50 450.50 484.50 444.00 458.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 4.59 -9.32 -2.90 2,481
Last Trade Time Trade Type Trade Size Trade Price Currency
18:03:01 O 1,158 450.50 GBX

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Date Time Title Posts
07/3/202121:40ITM Power - integrated hydrogen energy systems.10,548
18/2/202109:57ITM will make 700p by Dec 201012,102
15/1/202112:51ITM Power Listed today 11th June7,541
13/5/202014:09long term holder-

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Itm Power Daily Update: Itm Power Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker ITM. The last closing price for Itm Power was 472p.
Itm Power Plc has a 4 week average price of 420.50p and a 12 week average price of 360.50p.
The 1 year high share price is 724p while the 1 year low share price is currently 95.80p.
There are currently 550,658,155 shares in issue and the average daily traded volume is 3,952,790 shares. The market capitalisation of Itm Power Plc is £2,480,714,988.28.
aja2: Indeed, but it is the current state of play, as if it was representing the true value then we would be well north of the current share price Given other players in the industry have full or close to full order books for the rest of the year I see ITM as no different; I foresee the 60% capacity target being reached very quickly so I hope they are already working on ordering the tooling for the next factory as well as organising the leasehold wherever it may be located, UK, Germany or elsewhere.
skinny: Thanks Folderboy. ITM Power PLC Planned 100MW expansion of Shell refinery project.
smokey 1o3: Price target 700p !! JP Morgan Cazenove has initiated coverage of renewable energy specialist ITM Power with an 'overweight' rating. The bank said the Aim-listed hydrogen electrolyser manufacturer was a leader in its field with "strong partnerships and growth", and was now well placed to benefit from a new 1GW manufacturing facility in Sheffield. It said: "This new facility should help ITM significantly increased electrolyser output and lower unit costs. We expect ITM to turn earnings before interest, tax, depreciation and amortisation positive by the 2023 full year, and free cashflow positive by the 2025 full year, as plant utilisation improves and demand for green hydrogen solutions rapidly increases." JP Morgan concluded: "With global hydrogen electrolyser shipments likely to grow significantly to 2030, we estimate 34% average upside based on our three macro scenarios." As at 1145 GMT, shares in ITM were ahead nearly 8% at 535.0p. JP Morgan has set a price target of 700p for the stock
norbus: Here's the reason for the slide. Actually ITM is singled as the cream ; there is weariness about inter alia Plug Power; I disagree on Nikola, a blotted copybook can never be cleaned. ITM is then THE overweight hTtps:// JP Morgan warns hydrogen investors to be wary of over-optimism The analysts believe a hydrogen revolution is gathering momentum to drive energy transition across several ‘hard-to-abate’ sectors The analysts believe a hydrogen revolution is gathering momentum to drive energy transition across several ‘hard-to-abate’ sectors Investors in the hydrogen sector should be wary of over-optimism about the progress of this renewable fuel versus other clean energy technologies, JP Morgan has warned. The investment banking giant has carried out its own proprietary policy and economic analysis into the hydrogen economy, which found that green hydrogen – that which is created by through electrolysis using renewable energy sources – could be cost competitive across most regions by 2030. What is known as blue hydrogen – where hydrogen is created using fossil fuels but the carbon dioxide emitted during the process is sequestered via carbon capture and storage – could be lower cost in North America. “We believe a hydrogen revolution is quickly gathering momentum to drive energy transition across several ‘hard-to-abate’ sectors,” the JP Morgan analysts said. “However, investors should also be wary of over-optimism given H2 adoption for some end-uses appears more challenging and less economic versus other low-CO2 alternatives.” The analysts said they believe investing in hydrogen is “likely to remain challenging”, both with major corporates and smaller hydrogen-focused companies. “After the dramatic performance of H2-focused stocks over 2020, we believe investors ought to take a more relative approach to the nascent H2 subsector,” they added. In Europe, JP Morgan kicked off coverage of Norway's Nel ASA with a ‘neutral’ rating and ITM Power (LON:ITM) at ‘overweight’, adding to an ‘overweight’ rating on Nikola Corporation (NASDAQ:NKLA), ‘neutral’ on Bloom Energy Corp (NYSE:BE) and Plug Power Inc (NASDAQ:PLUG), and ‘under weight’ on FuelCell Energy Inc (NASDAQ:FCEL).
markinvestor: Fresh this morning JPM on ITM Power (ITM LN, OW – 521p, PT 700p) - PEM H2 electrolyser leader with strong partnerships and growth; initiate at OW, GBp700 PT ITM Power is a UK-based Hydrogen electrolyser manufacturer, which recently commissioned its 1GW manufacturing facility in Sheffield. This new facility should help ITM significantly increase electrolyser output and lower unit costs. We expect ITM to turn EBITDA positive by FY'23 and FCF positive by FY'25E as plant utilisation improves and demand for Green H2 solutions rapidly increases. With global H2 electrolyser shipments likely to grow significantly to 2030E (see EMEA Hydrogen link), we estimate ~34% average upside based on our three macro scenarios. Therefore, we initiate coverage at Overweight with a GBp700/sh PT.
babbo1: In the UK, the star performer was ITM Power, which added £34.5m to the value of the portfolio over the year. In the US, it was  Five9, an investment originally made at an average price of $4.65 in 2015, which closed the year at a price of $174.0. It provides internet-based telephony for call centres and enables "contact centre" employees to work from home. In Europe, Nordic Semiconductor, a designer of low power Bluetooth semiconductors, and Esker, which provides software for electronic invoicing and procurement were the leading contributors to returns. Finally, in Asia, Kingdee International Software, a Hong Kong listed Chinese Enterprise Resource Planning provider, had a great year.The manager tells the story of ITM Power in her report and we reproduce it here as it is illustrative of many of the things that make Herald different and have contributed to its success."ITM has been one of three hydrogen players in the portfolio, the other two being Ballard Power Systems and Hydrogenics in Canada. Sadly, the latter was acquired in 2019 by Cummins before the fashionable run in the subsector seen this year. ITM converts electricity into hydrogen, to provide storage of renewable energy. I do gulp at the valuation of ITM with a market capitalisation of £2.8bn, and minimal revenues, we have realised gains of £11m during the year. We did participate in funding rounds in 2012, 2014, 2016, 2017 and 2019 as well as one in 2020. In the 5 rounds prior to this year I invested in aggregate £4.0m at an average price of 30.1p, and a further £1.5m at 235p in September. The funding rounds in 2016 and 2017 were at 15p and 17p respectively when the company was friendless, and which were at a lower price than the 50p level in 2012. This is the nature of long-term early stage investing, but had we not invested the company would not have existed for the more recent gains. This provides an emphatic example of the long-term support and funding that we provide for early-stage companies. The concept which excites us is that the cost of wind and solar power is low, but insufficiently reliable in its generating output. If surplus renewable energy can be cost effectively stored it would be a huge breakthrough. Initially ITM's aim was to generate hydrogen to fuel cars and buses, but a bigger market is to replace heating gas. The investment by Linde in the last round and joint venture for project management adds credibility to the management team with its ambitious target." [For reference, ITM Power's share price is 519p today.]The manager notes the UK part of the portfolio has created more than £1bn of value since 1994, with annualised returns of 13.5% per year. This compares with an annualised return of 5.2% for the FTSE-100, 6.1% for the FTSE All-Share Index and 12.2% (in sterling) for NASDAQ. Nevertheless, the UK return has underperformed all the overseas regions in the portfolio over the last 5 years as the UK's rerating has been more modest.HRI : Herald reports impressive returns
skinny: In case it got lost in the dross :- Director/PDMR Shareholding.
juju44: hard fact is , regardless of the nuances of the trades , this is a 3.2 billion company with piddly sales and profit nowhere in sight . As for the big orders , where are they ? Other players in the H2 field are hoovering up mega orders but little hard evidence of ITM getting even a tiny fraction . Cooley has been hanging out the bursting dam for years . Delivery long overdue and the share price is reflecting it
skinny: Mr Cowie :- Whisper it, but I think we might be seeing the Great British bounce back. "All things considered, I am jolly glad I now have more than 10 times as much invested in “green” or clean energy companies than I still have stuck in Shell. For example, the self-descriptive investment trusts, Ecofin Global Utilities & Infrastructure (EGL), Gore Street Energy Storage (GSF) and US Solar Fund (USFP) alongside the green hydrogen-maker, ITM Power (ITM) and the offshore wind farm operator, Orsted (ORHE) now comprise more than 10 per cent of my modest portfolio. I won’t dwell on the eye-stretching capital growth delivered by ITM, where the share price has quintupled since I invested last year, because I know how much this upsets some folk who have been calling the top all the way up. Despite taking profits equal to my original investment last month, as reported here at that time, this Great British success story has still become my most valuable holding and I am relaxed about whatever happens next".
norbus: London — The UK needs a contracts for difference mechanism for green hydrogen that is harmonized with the existing CFD for offshore wind, ITM Power CEO Graham Cooley told S&P Global Platts Feb. 2. Linking the two would offer vital synergies as part of a well-defined net zero policy, Cooley said. "The fourth CFD round later this year is seeking around 12 GW [likely to be mainly offshore wind]. There is no protection in that auction against negative pricing. If you join the dots you see that energy storage is your instrument for dealing with that risk," Cooley said. "The way the CFDs work for offshore wind and hydrogen need to be harmonized so one provides the solution for the other. That mechanism is key to a green H2 strategy in the UK." For hydrogen, the contracts would act to bridge the cost gap between conventional (grey) and green hydrogen "so we can replace its use in industry", the electrolysis manufacturer said. "The difference between grey and green can be levied on the electricity price," Cooley said.In December, the government announced a 10-point climate plan, which included a 5 GW target for low carbon hydrogen by 2030 –- without specifying production pathways. UK funding to date, however, has tended towards support of large blue hydrogen projects based on natural gas-based reforming with carbon capture and storage, such as HyNet North West and H2H Saltend. The Gigastack project on Humberside (Orsted, Phillips 66 and ITM Power) is a rare example of a UK-supported, large-scale green hydrogen project. A more detailed UK hydrogen strategy is due in the first half of this year, government officials said in January. "There needs to be a well-articulated difference in the incentives for blue and green hydrogen," Cooley said. "Green hydrogen is net zero, blue is not. I think you will find that any deployment of blue hydrogen will be towards the end of the 2020s. By that time green hydrogen will be lower-cost and blue hydrogen will be a stranded asset," he said. Cost trajectory While the bulk of green hydrogen production costs related to the cost of renewable energy, Cooley had a positive message on capital costs. "For 10 MW and above, we are now lower than Eur0.8 million per MW ($960,000/MW)," he said, referring to the all-in cost of an electrolyzer, including systems for power, gas, water and controls. By 2023-2024, when ITM Power expects to be supplying up to 100 MW systems, the cost will have fallen to around Eur0.5 million a MW, he said. The company's new manufacturing facility at Bessemer Park, Sheffield has just opened. It will have an annual capacity of 300 MW per annum from opening, expanding to 1 GW per annum by 2024. "A decision on a second factory will be event-driven," Cooley said. "When we get to 60% capacity in the existing factory, we pull the trigger on a second factory." Analysts expect ITM Power to be cash positive around 2024. The company's tender opportunity pipeline currently stands at GBP434 million ($592 million), up 34% since October 2020. The figure refers to the total number of commercial tenders for which ITM Power has submitted firm bids for turnkey electrolysis projects, including balance of plant, over the last 12 months. Of the GBP434 million value, GBP284 million is attributable to ITM Power, representing 423 MW of potential awards. The residual value relates to engineering, procurement and construction services provided by ITM's partner, Linde, which has a 17.3% stake in the UK company. On Jan. 13 Linde said it would build, own and operate a 24 MW ITM Power-supplied PEM electrolysis plant at its Leuna chemical complex in Germany. Production at the unit, the largest in the world to date, is due to start in the second half of 2022.
Itm Power share price data is direct from the London Stock Exchange
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