ITM Power agrees increase in power supply for testing
14th Mar 2023 14:12
(Sharecast News) - Hydrogen energy specialist ITM Power announced an agreement with Power On Connections on Tuesday, to increase its power supply at Bessemer Park by 300%.
Read moreITM Power sees 1H operating loss widen sharply, announces strategy changes
31st Jan 2023 08:08
(Sharecast News) - ITM Power saw its operating losses bloat over the half as it continued to struggle in its transition from a research and development outfit and into a volume manufacturer at scale.
Read moreRBC slashes target on ITM Power, says capacity expansion and commercial credibility key
17th Jan 2023 12:11
(Sharecast News) - Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500.0p to 260.0p.
Read moreITM Power warns FY results will be 'materialy different' to current guidance
16th Jan 2023 08:33
(Sharecast News) - Energy storage firm ITM Power warned on Monday that its full-year results would now be "materially different" to current guidance, with both lower revenues and a larger underlying loss.
Read moreITM Power delays trading update as CEO departs
1st Dec 2022 08:53
(Sharecast News) - ITM Power announced the resignation of Graham Cooley as its chief executive officer on Thursday, with immediate effect.
Read moreITM Powers appoints Linde's Dennis Schulz as CEO
25th Nov 2022 08:15
(Sharecast News) - Energy storage and clean fuel company ITM Power said on Friday that it has appointed Dennis Schulz as chief executive officer with effect from 1 December.
Read moreCiti downgrades ITM Power to 'neutral'
8th Nov 2022 08:15
(Sharecast News) - Citigroup downgraded ITM Power on Tuesday to 'neutral/high risk' from 'buy/high risk' as it took a look at European electrical equipment.
Read moreITM Power issues profit warning amid delays to new 'stack'
27th Oct 2022 11:06
(Sharecast News) - ITM Power shares were plunging on Thursday morning, after the company warned on profits amid delays in its new generation 'stack'.
Read moreITM Power revenue lower than hoped due to Leuna delay
14th Sep 2022 07:33
(Sharecast News) - ITM Power reported revenue of £5.6m in its final results on Wednesday, up from £4.3m year-on-year, but lower than the company had hoped due to delayed delivery of the 24 MW Leuna contract.
Read moreBerenberg lowers target price on ITM Power
20th Jun 2022 09:22
(Sharecast News) - Analysts at Berenberg lowered their target price on energy storage and clean fuel company ITM Power from 225.0p to 185.0p on Monday, stating risks to both consensus expectations and the stock's rating remained "skewed to the downside".
Read moreITM expects losses to widen, shares fall
9th Jun 2022 11:52
(Sharecast News) - ITM Power said annual losses were set to widen significantly after the green energy specialist increased investment across the business.
Read moreITM Power wins £9.3m contract under government net-zero programme
19th May 2022 12:16
(Sharecast News) - Energy storage and clean fuel technology company ITM Power has been awarded a contract by the Department for Business, Energy and Industrial Strategy (BEIS), it announced on Thursday.
Read moreRBC Capital Markets upgrades ITM Power to 'outperform'
13th Apr 2022 10:55
(Sharecast News) - RBC Capital Markets upgraded ITM Power on Wednesday to 'outperform' from 'sector perform' and hiked the price target to 500p form 300p.
Read moreSunday newspaper round-up: TTIP, Lloyds, Ted Baker
20th Mar 2022 19:30
(Sharecast News) - German finance minister, Christian Lindner, is calling for a fresh push in the wake of the invasion of Ukraine to put in place a trade deal between the European Union and the US. The last attempt, known as the Transatlantic Trade and Investment Partnership (TTIP), was put to rest in 2016, during the Trump administration. In remarks made to Handelsblatt, Lindner said the conflict had made clear how important it is to foster free trade with partners who share the same values. He was speaking ahead of a planned visit to a NATO summit by US President Joe Biden later in March. - Sunday Telegraph
Read moreITM Power anticipates slight delay in testing of Leuna modules
16th Mar 2022 07:47
(Sharecast News) - Energy storage and clean fuel company ITM Power said on Wednesday that there would now be a slight delay in factory acceptance testing on some of the modules associated with its 24 MW Leuna contract.
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