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Itm Power Plc (ITM) Share Price

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
	-0.74	-1.08%	67.84	1,282,884	16:29:57

Bid Price		Offer Price	High Price	Low Price	Open Price
67.58		67.84	70.98	67.10	68.52

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Electrical Equipment	5.63	-46.69	-7.60	-	418.00

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:29:57	AT	1,241	67.84	GBX

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Itm Power (ITM) Latest News

Itm Power News

Date	Time	Source	Headline
16/5/2023	16:00	UKREG	ITM Power PLC Director/PDMR Shareholding
17/4/2023	16:00	UKREG	ITM Power PLC Director/PDMR Shareholding
03/4/2023	10:42	ALNC	ITM Power to further expand facilities at Bessemer Park, Sheffield
03/4/2023	07:00	UKREG	ITM Power PLC Additional facilities at Bessemer Park
24/3/2023	12:33	UKREG	ITM Power PLC Director/PDMR Shareholding
16/3/2023	16:00	UKREG	ITM Power PLC Director/PDMR Shareholding
14/3/2023	11:18	ALNC	ITM Power shares rally as deal expands power supply at Bessemer Park
14/3/2023	11:07	ALNC	AIM WINNERS & LOSERS: Blue Star jumps; Virgin Wines profit slumps
14/3/2023	07:00	UKREG	ITM Power PLC Expanding test capacity
16/2/2023	17:00	UKREG	ITM Power PLC Director/PDMR Shareholding

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Itm Power Investors Itm Power Takeover Rumours

Itm Power (ITM) Discussions and Chat

Itm Power Forums and Chat

Date	Time	Title	Posts
30/5/2023	09:32	The ITM Power Thread (V.2)	6,721
30/5/2023	08:08	ITM Power - integrated hydrogen energy systems.	27,912
27/5/2023	04:19	🌚 moons ITM average competition 🌚	460
25/5/2023	06:52	GIMME A MAN AFTER MIDNIGHT	41
18/5/2023	07:37	Ј8 by Friday	68

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Itm Power (ITM) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
15:29:57	67.84	1,241	841.89	AT
15:29:56	67.58	85	57.44	AT
15:29:56	67.58	61	41.22	AT
15:29:39	67.58	948	640.66	AT
15:29:28	67.80	4,419	2,995.87	O

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Itm Power (ITM) Top Chat Posts

Top Posts
Posted at 25/5/2023 09:55 by grahamwales Germany is the place to be for Hydrogen An exciting role presenting an opportunity to lead ITM’s market and business development, driving our growth strategy through identifying high quality sales opportunities and building strategic customer relationships in line with the ITM Power brand and market positioning. ITM Power are looking to recruit an entrepreneurial, commercially focused, and experienced Head of Business Development. If you’re excited by the prospect of working with cutting-edge green technology and driven to deliver the next stage of ITM’s journey, apply now. The position will be based in the German Frankfurt area. Read Full Thread Follow Reply
Posted at 18/5/2023 19:30 by pj84 hTTps://citywire.com/wealth-manager/news/stock-talk-jd-sports-british-land-focusrite-synthomer-itm/a2417155?re=108930&refea=1341638 Liberum re-initiates ITM Power as a ‘buy’ Liberum has resumed coverage of energy storage and clean fuel company ITM Power (ITM), which it says can overcome its current technology challenges. Analyst Edward Maravanyika placed a ‘buy’ recommendation and 120p target price on the company, + rated by Citywire Elite Companies. The shares gave up 2.9% to 69.4p. ‘Our constructive investment case rests on our belief that the company’s current challenges are surmountable,’ Maravanyika said. ‘We do not believe ITM’s core proton exchange membrane technology is flawed. Rather the main challenge has been the engineering around the technology rather than the technology itself.’ He said there will be a ‘strategic and operational reset’ following the arrival of new chief executive Dennis Schulz from Linde that will ‘prove positively decisive’. ‘He has the proven experience and skill set to help transition ITM Power from an R&D organisation into a volume manufacturer of an engineered product at industrial scale.’ Read Full Thread Follow Reply
Posted at 18/5/2023 19:27 by pj84 hTTps://citywire.com/wealth-manager/news/stock-talk-jd-sports-british-land-focusrite-synthomer-itm/a2417155?re=108930&refea=1341638 Liberum re-initiates ITM Power as a ‘buy’ Liberum has resumed coverage of energy storage and clean fuel company ITM Power (ITM), which it says can overcome its current technology challenges. Analyst Edward Maravanyika placed a ‘buy’ recommendation and 120p target price on the company, + rated by Citywire Elite Companies. The shares gave up 2.9% to 69.4p. ‘Our constructive investment case rests on our belief that the company’s current challenges are surmountable,’ Maravanyika said. ‘We do not believe ITM’s core proton exchange membrane technology is flawed. Rather the main challenge has been the engineering around the technology rather than the technology itself.’ He said there will be a ‘strategic and operational reset’ following the arrival of new chief executive Dennis Schulz from Linde that will ‘prove positively decisive’. ‘He has the proven experience and skill set to help transition ITM Power from an R&D organisation into a volume manufacturer of an engineered product at industrial scale.’ Read Full Thread Follow Reply
Posted at 17/5/2023 15:29 by gimmethefax Thanks a bunch. Lots to be updated - some points we have seen progress. CAPITAL MARKET UPDATE JAN’23 Leuna: Project consists of 12 x 2 MW Cube modules In H1 23 we completed Factory Acceptance Test (FAT) for 2 modules In order to mitigate project delays, Linde requested split delivery of Cubes and Stacks for the remaining 10 modules. As at [Jan 31st], all Cubes have been delivered to site. They now await the upgraded Stacks to be delivered to site for Site Acceptance Tests (SAT) by Linde. Revenue is recognised on completion of obligations. An obligation for Leuna project is “testing of a module”. - Originally on completion of FAT - Now, with split delivery of Cubes and Stacks, on completion of SAT Impact - Revenue will lag against work completed for projects - Wider plant SAT timing not fully in control of ITM - May affect other Cube projects Legacy design - Prompted the need for modification of an existing injection moulding tool (manufacturing delays RNS) - New tool modification completed in December 2022 and validation ongoing with expected start up 30 January for production - Potential to recover some components but subject to further analysis: upside not factored in. Revised full year guidance - The result had been ‘baked in’ from decisions made in the first half of the year - Benefit of the 12 month priorities to be recognised in FY24 - Revenue guidance £2.0m - In line with change of project delivery (recognition on SAT) - EBITDA loss guidance £85 - 95m - Cash flow guidance: Expected cash at year end unchanged at £245 270m - Expected towards lower end of range - Inflows from customer contracts deferred in line with delivery profiles - Outflows impacted by project overrun spend and one off costs (restructure) FY24 outlook: Revenue - Underpinned by focus on Site Acceptance Testing (SAT) at Yara and Leuna - Will start to see benefit of 12 month priorities - Headcount reductions and cost management - Working capital: unwind of inventory to begin gradually in period - Investments for future (one off, not recurring) driven by - Investment in power upgrade and fit out of planned new unit - New incremental automation machinery 12 month priorites: Market outlook: - Hydrogen infrastructure likely to become additional bottleneck , from transport (pipeline, last mile handling) to storage (cavern). - Current peak electricity prices and inflation put electrolysis business cases under pressure, leading to delayed investments . This gives ITM breathing time, as it allows us to focus on resolving our issues without missing out on many opportunities. The big demand spike is yet to come. Prouct demand prjection: - Going forward, while container sales is expected to see a moderate increase with hydrogen demand picking up, project sizes will tend to become substantially larger. This will lead to an exponential demand growth for stacks. - Therefore, product and service focus will be on stacks going forward. - For containers, we strive to narrow ITM’s scope to where we can create highest value . We will review options for partnering for non core scope to increase product competitiveness. The next 12 months will be decisive to solidify foundations - Concentrate on a core product suite to finalise engineering of our technology, which is performing well, into repeatable and reliable volume products . While issues materialise during manufacturing, most originate from engineering today. - Stop the financial bleeding of ITM by a stringent short term cost reduction programme which addresses the key cost drivers, and by introducing professional processes for the future. Reviewing strategic options for Motive Fuels Ltd to realise a saving of 28m in favour of ITM’s core business . Substantially improve forecasting quality to build back confidence. - De-bottleneck and ramp up fabrication and testing and invest into incremental automation - In parallel, we need to deliver on our project commitments , thereby completing important reference plants The two Lingen 100 MW projects announced [] are an opportunity to scale up fabrication with the certainty of having a contract in place. 268 MW of latest stack generation are in actual project delivery today. Restructuring and rightsizing: › Leaner and flatter in hierarchy, new structure reflecting the nature of the business › Strengthened technology, engineering and product validation focus › Bundled customer interface from sales to delivery › Closer integration of Manufacturing and Procurement › Increase of oversight and governance nature of CFO organisation › Reduced number of statutory directors by one › Over proportional reduction in non scaling functions › Reduction of personnel cost by £9m ( from £30m to £21m 1 › Implementation starting immediately - 'Employee consultation period will start in Feb 2023' Mitigation of future inventory losses: Design - Professionalise engineering (capabilities and processes) - Introduce design freezes and stringent management of change - Strengthen compliance and validation with veto/sign off right to challenge engineering status - Formal validation based product (generation) release for Formal validation based product (generation) release for sales, procurement and fabrication - Introduce state of the art calculation/simulation tools Sourcing - Improve supplier audits and oversight incl. on premise inspection and witness testing reflecting risk profile - Strengthen standard T&Cs, incl. volume and specs flexibility, and back to back warranty with suppliers Fabrication and warehousing - Enhance parts traceability from incoming to shipping - Work to newly implemented ERP system Mitigation of future project cost overruns: Product portfolio and sales governance - Enhance discipline around selling standard products as opposed to customised solutions - Comprehensive costing and pricing incl. realistic schedule and risk estimation - Review contract terms, incl. liabilities, performance guarantees, warranty, etc. Project governance - Introduce stringent phase gate process strictly adhered to - Strengthen accountability across the business, and reset project managers role profile and expectations - Substantially improve quality of project cost and risk reporting - Advance core project management processes and governance - Improve contract change management De-bottlenecking: › Phased approach to increase test bay capacity to satisfy project needs; more than doubling in 12 months from Dec 2022 › 50% increased electricity supply from 5 to 7.5 MVA ready in April 2023 › Further increase to 30 MVA secured ; will be available in 2024 › Automation roadmap developed and in implementation , improvements will affect cycle times and build quality › Incremental deployment into live production after robust validation › Example: automated screen printing of catalysts onto the membrane: Reduction in process waste and cycle time from 10 min to 6 sec . 300% increase of production capacity › Expansion planned to make additional space for a dedicated R&D and product validation centre incl. science labs and first of a kind product testing facilities › Options in close proximity to Bessemer Park are currently being assessed and negotiated › Decision expected in Q1 2023 Read Full Thread Follow Reply
Posted at 17/5/2023 11:00 by gimmethefax If you don't like the share then don't invest - simple. Don't care about technical analysis or the share price Let's discuss the Company. When is the next ITM update? What was the last we heard about RWE 4MW? Read Full Thread Follow Reply
Posted at 05/5/2023 18:44 by donketykong Relevant ITM below ITM Power (Aim: ITM) makes proton exchange membrane (PEM) electrolysers for grid balancing, energy storage and hydrogen production at Bessmer Park, Sheffield. ITM had net cash of £318m at the end of October 2022, having raised £250m of equity in 2021. Peter Hargreaves of Hargreaves Lansdown fame is a major shareholder, but ITM also has the backing of industry players such as Linde, one of the world's largest gas suppliers, which has invested £38m, and £30m from Snam, an Italian energy infrastructure company.In October 2021, ITM and Linde announced the deployment of a 100MW electrolyser at Shell's Rhineland refinery, and they have signed two more 100MW deals with Linde for a site in Lingen, Germany. Sales are forecast to grow to £67m in the year to 30 April 2025, though the company is still expected to be heavily loss-making. However, its most recent set of results in January showed sales halving to £2m in the six months to 31 October 2022.Following this disappointment Graham Cooley, CEO for 13 years, was replaced by Dennis Schulz, previously of Linde. The move follows several delays, blamed on supply-chain difficulties and rising costs, which have also seen the share price fall by 90% in two years. Even if sales do jump to £67m by April 2025, the market value of £460m reflects considerable optimism over the business model. Some hedge funds have taken a more pessimistic view: ITM Power is one of the most shorted stocks in London.5 May 2023MONEYWEEK Read Full Thread Follow Reply
Posted at 21/4/2023 11:36 by stutes ITM's financial year ends 30th April- the Board needs to consider how the business funds itself over the next 2 yrs. The current share price may deter a rights issue/placement, cost of funding debt is increasing due to central bankers. I think the only option is for ITM to sell itself. Read Full Thread Follow Reply
Posted at 15/4/2023 21:16 by rougepierre I've been readin g those sonic...absolutely amazing...why don't other CEOs do this? I remember that Warren East, CEO of ARM Holdings used to communicate with shareholders far more than any other and it was reflected in a higher share price pro rata than peers... Lets hope Denis has a similar effect here? Meanwhile Cureboy, this might have something to do with the share price underperformance....? hxxps://www.dhakatribune.com/financial-markets/2023/03/10/itm-power-is-londons-most-shorted-stock-for-good-reason Read Full Thread Follow Reply
Posted at 14/4/2023 13:19 by wallywoo Lol, I bgt at 76p. If you go back to my first post this morning, I said I had bgt. The share price was 76p at that time. You guys really are cynic's!!!Anyway, 85% of the time when itm gives a nice white candle like today, the share price has a stonking time the next rolling day. So roll on Monday!! Read Full Thread Follow Reply
Posted at 03/4/2023 07:02 by skinny https://uk.advfn.com/stock-market/london/itm-power-ITM/share-news/ITM-Power-PLC-Additional-facilities-at-Bessemer-Pa/90666905 Following our announcement on 14 March 2023 regarding the planned increase in our power supply at Bessemer Park by 300% to 30 megavolt amperes (MVA) by the end of 2024, we have now taken the decision to substantially expand our facilities at Bessemer Park, Sheffield, and signed a contract for the lease of additional factory and office space. A key component of our 12-month priorities plan as set out in January is the debottlenecking of our fabrication, testing and product validation. The expansion will allow us to create a dedicated R&D and product validation centre which will include science laboratories and testing facilities for future technology developments, and which will enable us to use the existing fabrication space at Bessemer Park more effectively for higher volume output. The additional power supply will feed into the new facility which will enhance and expand our factory testing capabilities. ITM personnel operate from a number of different locations in Sheffield today, and it is our intention to consolidate all of our workforce and operations at Bessemer Park, at both our existing unit and the additional unit announced today. This will allow us to work together more effectively. The initial lease period is for 15 years, covering more than 83,000 sq ft. Fitting out of the laboratories and validation areas will commence towards the end of 2023 and ITM will occupy the facility early in 2024. Dennis Schulz said : "We are well on track on delivering against our 12-month plan laid out in January. One of our priorities was the need for ITM to strengthen product validation and to debottleneck factory space and product testing. Today's announcement is not only a critically important step on our journey to scale up manufacturing, but it will also enable the focussed development of future technologies." Read Full Thread Follow Reply

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