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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
  14.00 3.88% 374.50 1,415,129 16:35:07
Bid Price Offer Price High Price Low Price Open Price
370.50 371.50 372.50 360.00 361.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 4.59 -9.32 -2.90 1,788
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:49 O 896 368.028 GBX

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Date Time Title Posts
05/12/202009:48ITM Power - integrated hydrogen energy systems.7,099
02/12/202015:24ITM POWER - LEADING ALTERNATIVE ENERGY COMPANY31,359
18/11/202010:14ITM Power Listed today 11th June7,539
27/5/202007:09ITM will make 700p by Dec 201012,088
13/5/202014:09long term holder-

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Itm Power (ITM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-12-04 17:23:16368.038963,297.53O
2020-12-04 17:12:47368.038963,297.52O
2020-12-04 17:06:02367.962384.63O
2020-12-04 16:35:07374.50240,078899,092.11UT
2020-12-04 16:29:56372.005161,919.52AT
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Itm Power (ITM) Top Chat Posts

DateSubject
05/12/2020
08:20
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 360.50p.
Itm Power Plc has a 4 week average price of 262.50p and a 12 week average price of 221p.
The 1 year high share price is 402.50p while the 1 year low share price is currently 57.60p.
There are currently 477,461,258 shares in issue and the average daily traded volume is 3,044,635 shares. The market capitalisation of Itm Power Plc is £1,788,092,411.21.
03/12/2020
07:01
skinny: Ex JCB man! Appointment of Non-executive Director. ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Tom Rae, currently Principal of Tom Rae Consulting, as a Non-executive director of the Company with immediate effect. Until September 2019, Tom was Group Director of Purchasing & Supply Chain and a member of the Group Executive Committee at JCB. He replaces Bob Pendlebury who retired from the Board in July 2020, as the representative of J.C.B. Research Limited, a significant shareholder in ITM Power. Tom began his career in 1983 as a Process Engineer with Uniroyal Ltd, advancing to Manufacturing Manager in 1989. In 1992, Tom moved to Germany to join Continental AG, one of the world's largest automotive and industrial systems manufacturers, as European Quality Systems Manager and was a member of the Manufacturing Innovation Team, active in JV projects in Russia, South America and India. He moved back to the UK in 1997 to lead Conti's UK manufacturing operations. In 2002, Tom returned to Germany as Senior Vice President of Procurement Continental AG, reporting to the CEO, where he remained until 2007 when he joined Japan's NSG Group as Chief Procurement Officer and where he was a member of the Executive Committee. NSG Group is a leading global manufacturer of glass technologies, operating in the fields of automotive, technical (touch screen displays, hybrid vehicle batteries and optoelectronics) and architectural (buildings glass and solar panels). Tom left NSG in 2014 to join JCB as Group Director of Purchasing & Supply Chain and was a member of the Group Executive Committee before setting up his own consultancy practice in late 2019. He holds a degree in chemistry from Heriot-Watt University, Edinburgh and an MBA from Napier University, Edinburgh. Sir Roger Bone, Chairman of ITM Power said: "On behalf of the Board, I welcome Tom as a non-executive director. I am sure that his experience and expertise in procurement will prove to be of great benefit to the Company as we significantly increase manufacturing capacity. Tom's worldwide experience will also bring valuable insights to the Board to help us navigate international markets for our products." https://uk.advfn.com/stock-market/london/itm-power-ITM/share-news/ITM-Power-PLC-Appointment-of-Non-executive-Directo/83818907
17/11/2020
15:01
excelsior: Price pull back may be because of what is happening with Plug Power in the USA. They have been doing extremely well until last night, when they announced that they are looking to raise...wait for it...$750,000,000 for future opporations. Plug share price was down around 11% as the US markets opened. The sentiment may affect the price for a short while (in hydrogen stocks). I have lived through this process before: two steps forward, one step back, when you raise cash. Welcome to the real world!
13/11/2020
09:09
norbus: My point is this ; what does Jo average understand when he reads RWE will have 10GW by end 2020? And does he know how this capacity is deployed, and where the extra 3 GW will Go? Does he as hell is like as they say in Lancashire.. So what does it mean to ITM? without this the info posted is meaningless at least to ITM owners without stating the connection to ITM, assuming this is an ITM thread
12/11/2020
08:44
emso: BP on the move.. Shell hopefully not too far behind. The Times 10/11/20 BP has struck a deal with Orsted, the world’s biggest offshore wind farm developer, to produce “green” hydrogen at a refinery in Germany. The London oil major said that the companies planned to use electricity generated by the Danish energy giant’s wind turbines to power an electrolyser they would build at BP’s Lingen refinery in the northwest of the country. The 50-megawatt facility should produce enough green hydrogen to replace about a fifth of the fossil fuel hydrogen currently used at the refinery, where it is made from natural gas in a process that emits carbon dioxide. The costs of the plans have not been disclosed but the companies have applied for funding from the European Union to support the project and BP said that a decision to proceed could be made in 2022 “subject to appropriate enabling policies being in place”. The plant, which could be operation by 2024, would be BP’s first full-scale project in green hydrogen, which it sees as a growth area as it seeks to curb its carbon footprint. The deal is also the first partnership between BP and Orsted, which started life as Denmark’s national oil and gas company before ditching fossil fuels to become a trailblazer in offshore wind. BP, one of the world’s biggest oil companies with profits of $3.5 billion last year, has latterly acknowledged the need to shift into greener energy and recently entered the offshore wind sector in the US as part of a new strategy targeting “net zero” emissions by 2050. The two companies’ share prices have tracked contrasting fortunes in recent years with Orsted boosted by growing global appetite for low carbon energy and BP hammered by the oil price crash and doubts about its ability to thrive in the energy transition. BP was worth about five times as much as Orsted as recently as 2018 but was overtaken in valuation by the ascendant Danish group this autumn as its own share price fell to 25-year lows. Yesterday BP shares closed up 11¾p, or 5.1 per cent, at 241¾p. Wider use of hydrogen gas is seen as a crucial part of global efforts to decarbonise because it is clean-burning. However, producing it remains a key challenge; most hydrogen is still made by processing natural gas in an emissions-intensive process, generating carbon dioxide that contributes to global warming. Green hydrogen is made by using electrolysis to split water into hydrogen and oxygen, using power from a renewable source. However, at present it is significantly more expensive to produce. While the Lingen venture is BP’s first full-scale green hydrogen project, Orsted has already embarked on a series of other such ventures including one announced last month to build a 100-megawatt electrolyser in the Netherlands. The companies said that they had an ambition to eventually build 500 megawatts of electrolysis capacity at Lingen. Dev Sanyal, BP’s executive vice president for gas and low carbon, said: “Hydrogen will have an increasing role to play in meeting the energy demands of a decarbonizing world. And we are determined to build a leading position in this emerging industry.” Martin Neubert, executive vice president of Orsted, said: “Heavy industries such as refineries use large quantities of hydrogen in their manufacturing processes. They will continue to need hydrogen, but replacing the current fossil-based hydrogen with hydrogen produced from renewable energy can help these industries dramatically lower their carbon dioxide footprint.”
11/11/2020
16:10
norbus: All the links and the boring repetition he posts, you might think the Oracle would look at the share price graph for LINDE ( HIGHER, HIGHER ) and SNAM. WHOSE EXECUTIVES UNLIKE THE GERMANS WILL BE BUYING ITM stock.
23/10/2020
06:01
skinny: Results of Placing and Open Offer. Results of Placing, General Meeting and Open Offer ITM Power is pleased to announce that, following the previous announcement of its non-pre-emptive placing and subscription (the "Fundraising"), it has placed 57,446,808 new ordinary shares of 5 pence (the "Placing Shares") at a price of 235 pence per Placing Share (the "Issue Price"), raising approximately GBP135 million, and together with the GBP30 million Share Subscription by Snam, raising aggregate gross proceeds of approximately GBP165 million. In light of strong investor demand, the Placing size was increased by GBP15 million. The additional funds will be used to further accelerate the maximisation of manufacturing capacity and to invest in the Group's operational capabilities. The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing issued Ordinary Shares. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. on 12 November 2020 (or such date as may be agreed between the Company and Investec, being no later than 8.00 a.m. on 20 November 2020). The Placing is conditional upon, amongst other things, Admission becoming effective. The Placing is also conditional on the Placing Agreement not being terminated in accordance with its terms. Investec Bank plc ("Investec") acted as sole bookrunner in relation to the Placing. Dr Graham Cooley, CEO of the Group, said: "The growth of global markets for green hydrogen is accelerating fast. As a result of this successful fundraise, ITM Power is well positioned to build on its existing leadership and capitalise on this rapidly developing market. We are delighted with the results of the fundraise and thank our existing shareholders for their support and welcome our new investors." Directors' and PDMR participation in the Placing The following Directors and PDMRs participated in the Placing: Resultant Number of shareholding Existing Placing Shares Resultant on Admission Name shareholding acquired shareholding (%)* Sir Roger Bone 258,710 21,276 279,986 0.05 -------------- ---------------- -------------- -------------- Dr Graham Cooley 600,000 106,382 706,382 0.13 -------------- ---------------- -------------- -------------- Andy Allen 40,774 6,382 47,156 0.01 -------------- ---------------- -------------- -------------- Simon Bourne 69,129 10,638 79,767 0.01 -------------- ---------------- -------------- -------------- Rachel Smith 64,079 6,382 70,461 0.01 -------------- ---------------- -------------- -------------- Katherine Roe Nil 7,659 7,659 0.01 -------------- ---------------- -------------- -------------- Martin Green 40,000 15,319 55,319 0.01 -------------- ---------------- -------------- -------------- *assuming full take up of Open Offer shares Open Offer In addition, in order to provide shareholders of ITM Power ("Shareholders") who have not taken part in the Placing with an opportunity to participate in the Fundraising on a pre-emptive basis, the Company will today make the Open Offer to Qualifying Shareholders on the terms and conditions set out in the Circular. The Open Offer provides all Qualifying Shareholders with the opportunity to subscribe at the Issue Price for an aggregate of up to 2,984,132 Open Offer Shares to raise up to approximately GBP7.0 million (before fees and expenses) for the Company, on the basis of: 1 Open Offer Share for every 160 Existing Ordinary Shares held as at the Record Date The Open Offer is conditional on the Placing becoming or being declared unconditional in all respects and not being terminated before Admission. Accordingly, if the conditions to the Placing (including the passing of the Resolutions) are not satisfied or waived (where capable of waiver), the Open Offer will not proceed. Qualifying Shareholders may also make applications in excess of their pro rata initial entitlement up to an amount equal to the total number of Open Offer Shares available under the Open Offer less an amount equal to such Qualifying Shareholder's Open Offer entitlement. Further details of the Open Offer and the terms and conditions on which it is being made, including the procedure for application and payment, are contained in the Circular, which shall be posted to Shareholders tomorrow. The Circular will also be available on the Company's website: www.itm-power.com .
22/10/2020
18:00
skinny: For clarity and thread integrity :- Final Results. ITM Power (AIM: ITM), the energy storage and clean fuel company, announces preliminary final results for the year ended 30 April 2020. The full annual report and financial statements will be available on our website shortly. HIGHLIGHTS Developments In the last 12 months: -- Strategic partnership with Linde announced in October 2019 and formation of ITM Linde Electrolysis (ILE) GmbH joint venture, allowing ITM Power to focus exclusively on the manufacture of electrolysis equipment for larger scale systems -- Commercial partnership agreement with Snam S.p.A. (one of the world's leading energy infrastructure operators) announced today, including a GBP30m strategic equity investment in the Company, together with an initial 100MW preferred supplier indicative commitment to 2024 -- Proposed equity fund raise of GBP150m (including the Snam investment) plus an up to GBP7m open offer (to existing shareholders) to accelerate the Company's development also announced today -- Record current backlog of GBP118.7m (previous high GBP55.0m) and tender opportunity pipeline of GBP324.9m (GBP263m as at June 20) -- Near completion of the worlds' first Gigafactory at Bessemer Park, Sheffield, expected to reach annual production capacity of 1,000MW per annum by end 2023 -- EU funding of EUR150 billion announced for green hydrogen in the 10 years to 2030 -- A total of five European governments have now stated explicit electrolyser targets for 2030: France 6.5GW, Germany 5GW, Spain 4GW, Holland 3-4GW and Portugal 2GW FY2020 Financials: -- Transition year with revenues and EBITDA adversely affected by COVID-19, Brexit and the adoption of IFRS 15 -- Total Revenue & Project Grant Funding of GBP5.4m (2019: GBP17.5m) down 69%, comprising: o Sales revenue: GBP3.3m (2019: GBP4.6m) down 28% o Collaborative grant income recognised: GBP2.1m (2019: GBP12.9m) down 84% -- Loss from operations GBP29.4m (2019: GBP9.3m), -- Adjusted EBITDA loss (see note 7) GBP18.1m (2019: loss GBP7.3m), increased 148% -- Available cash balance of GBP39.9m at year-end (2019: GBP5.2m) Graham Cooley, CEO, commented , " 2020 has been a transformational year for ITM Power. We attracted a strategic investor and joint-venture partner in Linde, the world's largest speciality gases company, we strengthened our balance sheet so that we can take full advantage of the rapidly expanding green hydrogen market and we put the finishing touches to the world's largest electrolyser factory in Sheffield. I believe we have the right products at the right time and the capacity to produce them at scale. Today's partnership agreement with Snam and the fund raise means that we are very well positioned for the future." Sir Roger Bone, Chairman, added, "One of the long-term impacts of Covid-19 will be to accelerate green strategies as part of a recovery package for individual economies. As such, I see ITM Power, with the capabilities it has developed, the new factory in Bessemer park, and its strategically-aligned partnerships with global companies very well placed to offer solutions to the demand seen in the global market. Our staff are our greatest asset and I am consequently delighted that we have been able to establish a new incentive scheme for all our employees " ITM Power to Raise a Minimum of GBP150.0 Million. ITM Power PLC said Thursday that it intends to raise a minimum of 150.0 million pounds ($196.0 million) via a strategic investment, a conditional placing, and nonunderwritten open offer. The London-listed hydrogen energy solutions manufacturer said the strategic investment will be of GBP30.0 million at 235 pence per share from energy infrastructure operator Snam SpA. The conditional placing will consist of GBP120.0 million with certain existing and new institutional investors, while the nonunderwritten open offer will be for up to GBP7.0 million, and both of these at the placing price. "The net proceeds of the fundraising will be used by the group principally to enable an acceleration of the group's technology, manufacturing and operational capabilities in response to the rapidly growing global demand for large-scale electrolysis," the company said. It said the firm placing was being conducted through an accelerated bookbuild. The company added that is has also entered into a commercial partnership agreement with Snam, conditional upon the successful completion of the share subscription. Under the agreement the company will the preferred supplier for the first 100 megawatts of polymer electrolyte membrane electrolysis projects ordered by Snam. "Our agreement and preferred supplier status with Snam more than doubles our contract backlog, a signpost of future revenue measuring amounts under contract and in the latter stages of negotiations, to GBP118 million while our tender opportunity pipeline, where we have provided written quotations over the last 12 months, now stands at some GBP325 million," Chief Executive Graham Cooley said.
16/10/2020
20:50
gerry123: I hope the creation of ILE did not include giving ILE the exclusive right to manufacture electrolysers or even worse all future ITM products Because Despite the 1GW capacity of the new factory The global rush to hydrogen makes it impossible for ITM to become the market leader in this upcoming global business without having both a manufacturing and a maintenance footprint in each of the major economies within the next 2-3 yrs. I exclude China for obvious reasons. Or put another way The demand for mega size Electrolysers is very likely to be growing exponentially by 2025. Global capacity shortages will tempt some major countries to choose between scaling up unproven medium size locally made electrolysers and delaying their hydrogen roll out. The anxiety caused by climate change will only increase this pressure. Meanwhile ITM are the PEM Electrolyser Sector Leader in size, reliability, cost, back up maintenance and operating experience. They also have the most expertise in pem bop and hydrogen generally. Indeed the expertise of ITM boffins has long been recognised on Hydrogen Research and Development Forums within the UK and the EU. From a global commercial standpoint The obvious and inevitable next stage is the long awaited beating of paths to ITMs door by major companies seeking an opportunity to manufacture Electrolysers in volumes at least comparable if not greater than the capacity of the new factory in Rotherham. The surplus capacity facing some major manufacturing companies due the current pandemic will cause them to actively seek new product opportunities in the growing green economy. So This in turn will inevitably lead to requests for ITM to licence production at multiple sites with a major part of the start-up cost subsidised by foreign governments In this scenario ITM and Linde may have conflicting interests. Linde will be aiming to transition its entire business to become a green supplier of multiple gases with hydrogen eventually becoming their dominant product and the “free” green oxygen also produced at 8 times the volume of hydrogen also becoming a profitable by product. This suggests Linde`s internal demand for electrolysers for their own use or to sell to their current blue hydrogen customers could easily consume the output of the Rotherham factory for its initial 3-5 yrs. ITM on the other hand would profit enormously by becoming the provider of hydrogen excellence know how and the source for training installation and maintenance personnel to licenced manufacturers How ITM are positioned to exploit this market will depend on how the relationship with Linde has been structured and the degree to which ITM can seek other partners to manufacture under licence The market potential is truly enormous as ITMs Marcus Newborough envisaged in a seminal appendix to the ITM IPO document back in 2004. He clearly identified that Electrolysers and not Fuel Cells should be the initial priority for the fledgling business. He has been proven to be correct >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Extract from Marcus Newboroughs 2004 Report in the ITM IPO Document Thus a substantial shift in the UK to electrolytic hydrogen implies very large demands not only for renewable energy technology but also for electrolyser technology. A global shift to electrolytic hydrogen could lead to a total requirement of several hundreds of GW of electrolysers. For example, if by 2050 only 10 per cent. of the global energy requirement of 200,000TWh was met by electrolytic hydrogen, the associated hydrogen requirement would be about 6,670 billion m3, and the electricity requirement for electrolysis would amount to about 26,680 TWh (i.e. * 3000GW continuous of installed electrolysers) Hence, the new market potential for electrolysers dwarfs the existing market potential and on a global scale the potential appears truly vast
15/10/2020
11:19
leoboy: all of you pay attention : 5pm deadline - "Questions" ! - there must be a myriad of them ! Shareholders are invited to submit any questions for the Board to consider in respect of the business of the AGM. Questions should be submitted by email by sending them to AGM@itm-power.com by 5.00 pm on 15 October 2020under the title "ITM Power Shareholder Questions" and should include any shareholder's full name. A selection of key questions (relating to the business of the AGM) and the Company's responses will be posted on the Company's website by close of business on 21 October 2020 so that shareholders may review these before confirming their proxy vote. In order to ensure that shareholders are able to follow the proceedings of the AGM, the Company will provide access to an online audio and presentation link, accessible via the online Investor Meet Company platform. Shareholders that wish to attend the AGM should register for the event in advance via the following link : https://www.investormeetcompany.com/itm-power-plc/register-investor The online presentation link will be opened at approximately 9.55 a.m. on 29 October 2020. However, please note that shareholders will not be able to vote at the AGM via the online presentation link. Shareholders are also invited to a live webinar that will start at the later of 10.30 a.m. and the conclusion of the AGM. Further details of the webinar are to follow.
15/10/2020
11:18
leoboy: 5pm deadline - "Questions" ! - there must be a myriad of them ! Shareholders are invited to submit any questions for the Board to consider in respect of the business of the AGM. Questions should be submitted by email by sending them to AGM@itm-power.com by 5.00 pm on 15 October 2020under the title "ITM Power Shareholder Questions" and should include any shareholder's full name. A selection of key questions (relating to the business of the AGM) and the Company's responses will be posted on the Company's website by close of business on 21 October 2020 so that shareholders may review these before confirming their proxy vote. In order to ensure that shareholders are able to follow the proceedings of the AGM, the Company will provide access to an online audio and presentation link, accessible via the online Investor Meet Company platform. Shareholders that wish to attend the AGM should register for the event in advance via the following link : https://www.investormeetcompany.com/itm-power-plc/register-investor The online presentation link will be opened at approximately 9.55 a.m. on 29 October 2020. However, please note that shareholders will not be able to vote at the AGM via the online presentation link. Shareholders are also invited to a live webinar that will start at the later of 10.30 a.m. and the conclusion of the AGM. Further details of the webinar are to follow.
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