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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
|
|
|---|---|---|---|---|---|
| 0.68 | 1.91% | 36.34 | 276,838 | 09:19:14 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 36.34 | 36.66 | 36.68 | 35.76 | 36.04 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 16.51M | -27.22M | -0.0441 | -8.20 | 220.15M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:22:04 | O | 399 | 36.42 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/2/2025 | 07:00 | UK RNS | ITM Power PLC Grants under Long Term Incentive Plan |
| 30/1/2025 | 19:52 | ALNC |  IN BRIEF: ITM Power backs outlook but half-year pretax loss widens |
| 30/1/2025 | 07:00 | UK RNS | ITM Power PLC Interim Results |
| 24/1/2025 | 10:33 | ALNC | IN BRIEF: ITM Power wins European design contract on hydrogen plant |
| 24/1/2025 | 07:00 | UK RNS | ITM Power PLC 10MW Standard Configuration FEED contract |
| 17/1/2025 | 13:04 | UK RNS | ITM Power PLC Director/PDMR Shareholding |
| 17/1/2025 | 07:00 | UK RNS | ITM Power PLC Notice of Interim Results and Presentation |
| 16/1/2025 | 07:00 | UK RNS | ITM Power PLC Appointment of new Non Executive Director |
| 23/12/2024 | 21:18 | ALNC | IN BRIEF: ITM Power signs Neptune V supply contract |
| 23/12/2024 | 07:00 | UK RNS | ITM Power PLC Contract for three NEPTUNE V |
Itm Power (ITM) Share Charts1 Year Itm Power Chart |
|
1 Month Itm Power Chart |
Intraday Itm Power Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/2/2025 | 09:08 | The ITM Power Thread (V.2) | 8,178 |
| 10/2/2025 | 08:34 | ITM Power - integrated hydrogen energy systems. | 35,335 |
| 07/2/2025 | 18:30 | ITM - No Sales, 4m loss and rising, years away from market, 5p target | 8,193 |
| 29/1/2025 | 16:00 | ITM - please ignore just mucking around | 2 |
| 16/10/2024 | 13:19 | 🌚 moons ITM average competition 🌚 | 502 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:22:04 | 36.42 | 399 | 145.32 | O |
| 09:21:26 | 36.41 | 2,721 | 990.82 | O |
| 09:20:42 | 36.44 | 3,731 | 1,359.43 | O |
| 09:19:56 | 36.40 | 5,000 | 1,820.25 | O |
| 09:19:15 | 36.66 | 9 | 3.30 | O |
| Top Posts |
|---|
Posted at 10/2/2025 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 35.66p.Itm Power currently has 617,370,989 shares in issue. The market capitalisation of Itm Power is £223,364,824. Itm Power has a price to earnings ratio (PE ratio) of -8.20. This morning ITM shares opened at 36.04p |
Posted at 07/2/2025 09:56 by bmel There was much discussion yesterday about ‘why such low sales when we have a £135m confirmed order book’.Some thoughts on the matter: Dennis told us the reasons during the presentation on two or three occasions. They are concerned with the accounting rules on large contract revenue recognition. You may recall Dennis mentioning it twice when referring to the past and current finance directors. He also mentioned that more sales of Neptune units would increase the revenue expectations for next year. The reason is that Neptunes can be manufactured quickly, and he suggested that they be manufactured for as little as 12 weeks. In contrast, the big contracts, e.g. 200MW, can take 2-3 years from start to completion and customer acceptance. A simple example. A Neptune order in January could be on the customer's site in April, tested in June, and finally accepted in July. At that point, ITM will submit the final stage payment invoice, and the whole contract revenue and profit can be recognised in the accounts. The accounting technical ‘rule’ is that the asset has been fully transferred to the new owner, and ITM has no further accounting liabilities. (This is not about warranty; that is a separate issue). This is fine for rapid manufactured and delivered goods, however long term, multi-year contracts are a whole different ballgame. Why? First, a little history. Previously, companies could invoice and declare part of contract profits pretty much as they liked. This allowed a firm to declare good earnings in year 1, inflating their published results, and by year three, with over-runs, etc, they would then publish a catastrophic loss. Hence, shareholders were being misled. To prevent such practices, accounting rules were changed on long-term contracts and continue to be updated as recently as 2024. Before the details, one key point. This does not affect cash flow. RWE or whoever will make staged payments to ITM at agreed contract milestones. ITM accounting transactions will increase their balance sheet cash position and decrease the WIP/stock value as material is shipped to Germany. What they cannot do is declare, ‘Well, we have shipped 50% of the goods, so we can declare 50% of the theoretical profit’. Hence, there will be no profit and loss changes until the customer signs off the contract. At this time, ITM recognises both the revenue and the profit. I am sure that professional analysts understand this, but we civilians, less so. That is why Dennis takes pains to mention it at almost every presentation. He also alluded to it in the recent set of photographs of a full factory floor when he said, ‘Everything you see here is being manufactured for a customer order; none of it is being built for stock’. For ITM, this means there will be a very ‘lumpy’ sales revenue period while we build large-scale contracts. That will smooth out a bit as we hopefully will have multiple large contracts. The 'fast' Neptunes will smooth things as we ship more of them. Disclaimer: I am not a qualified accountant, but I have worked in contract engineering. So, if any accountants on this board want to comment, feel free. One final point - it means that a critical metric in looking at ITM is the £ value of the confirmed orderbook, rather than the estimated sales for the next 12 months. |
Posted at 06/2/2025 16:12 by itisonlymoney market cap is only a little higher than the cash pile because the market views this company as having no practical value. the answer to that MIGHT be because of the threat of chinese tech reducing itm's addressable market to nothing. fans here think that itm has an unassailable technical lead. i have one word for you. deepseek.the EU MIGHT prevent chinese tech from undercutting itm. but it might not. that's why imv, the market doesn't have confidence in itm. there's also the little matter of this still being a loss making business after more than a decade of trying. BUT, there's potential. it's not money in the bank YET. that's why i'd like to see a pipeline of orders. can't help feeling it's only around the corner. |
Posted at 06/2/2025 13:19 by bmel Concerning our shortersQube - have 3,951,174 shares shorted and their average purchase price is £0.3639 Since they emerged on October 24, they have had 12 transactions in their short 4 decreases and 8 increases. To date they have taken profits totalling £21,441 (excluding any costs). At a current price of £0.37 they have a notional profit of £24k. At a price of £.50 that becomes a notional loss of £538k. Helikon – Started in October 2021, currently has 16,586,046 shares shorted at an average price of £1.27. Helikon had two periods each of increasing and then reducing their short. First - They started in at £4-5, and closed at £2.50 - Profit of £4m (excluding any costs). Second - they added at 80/90/100p and closed 66-70p Profit of £2m (excluding any costs). So far so good and £6m banked. Their current position £1.27 average per share. At current price 37p would be a profit of circa £15m. At 50p that drops to circa £12.7m. My analysis – Qube came very late to ITM, they were is Ceres from June 23. They started in October 24 immediately before the Trump election victory, so perhaps they thought that would throw all green manufacturers into a downward spiral. It did not. Their recent increases have made very tiny reductions in their average – I think they are in a mental squeeze somewhere between sunk costs and the golden rule of holes. Qube have to buy back 3,951,174 shares in our now very thinly traded company which, unfortunately for them also has Helikon that has to buy back 16,586,046 shares. Current ITM average daily shares traded is 1,222,000. So whichever of them blinks first starts a massive short squeeze. Helikon has more margin, Qube are right on the edge and start to incur real big losses, real quick. They will blink first - and some real fun will begin. |
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 ValeriusCEO 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 LinkedInGET 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 BEISGigatest 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. |
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