Citi bullish on ITM Power, Nel and Ceres Power on EU drive for energy security
9th Mar 2022 12:51
(Sharecast News) - Analysts at Citi sounded a bullish note on shares of ITM Power in the wake of the European Union's just announced plans to make the bloc independent from Russian gas "well before 2030" with 'green hydrogen' given a central role.
Read moreCredit Suisse slashes target on ITM Power due to faster-than-expected decline in PEM pricing
16th Feb 2022 11:46
(Sharecast News) - Analysts at Credit Suisse reiterated their 'underperform' recommendation for shares of hydrogen energy solutions provider ITM Power due to the pressure on the company's prices as joint-venture partner Linde takes a larger share of the system price.
Read moreITM Power sells 24MW electrolyser to Linde Engineering
28th Jan 2022 08:33
(Sharecast News) - Energy storage and clean fuel company ITM Power has sold a 24-megawatt electrolyser to Linde Engineering.
Read moreRevenue grows, EBITDA loss widens for ITM Power
27th Jan 2022 07:41
(Sharecast News) - Energy storage and clean fuel technology company ITM Power reported revenue of £4.2m in its interim results on Thursday, up from £0.2m year-on-year, with that prior year figure reflecting the impact of Covid-19 issues in 2020.
Read moreITM Power gets funding as part of German federal hydrogen project
10th Jan 2022 12:38
(Sharecast News) - ITM Power announced on Monday that its wholly-owned subsidiary ITM Power GmbH has been approved for a €1.95m award for the 'SINEWAVE' project, as part of the German Ministry of Education and Research's (BMBF) hydrogen flagship project 'H2Giga'.
Read moreITM Power narrows losses, maintains full-year guidance
16th Dec 2021 07:37
(Sharecast News) - Energy storage and clean fuel company ITM Power reported first-half revenue of £4.1m in a trading update on Thursday, up from £0.2m year-on-year, as its gross loss narrowed to £2.4m from £2.8m.
Read moreITM Power consortium wins £9.4m in government funding
22nd Nov 2021 08:58
(Sharecast News) - ITM Power said on Monday that the Green Hydrogen for Scotland Consortium had been successful in its application for funding from the Energy Innovation Portfolio competition run by the Department of Business Energy Innovation and Skills (BEIS).
Read moreJefferies initiates coverage of ITM Power at 'buy'
9th Nov 2021 13:19
(Sharecast News) - Jefferies initiated coverage of ITM Power on Tuesday with a 'buy' rating and 800p price target.
Read moreITM Power agrees heads of terms to buy new Sheffield site
9th Nov 2021 10:50
(Sharecast News) - Energy storage and clean fuel technology company ITM Power has agreed heads of terms to acquire a site for its second UK factory in Tinsley, Sheffield, from the University of Sheffield, it announced on Tuesday, at a cost of £13.4m.
Read moreITM Power slumps after discounted share placing
15th Oct 2021 08:02
(Sharecast News) - Energy storage and clean fuel specialist ITM Power's placing of new shares was oversubscribed.
Read moreITM Power hydrogen consortium awarded European grant
8th Oct 2021 11:16
(Sharecast News) - Energy storage and clean fuel technology company ITM Power announced on Friday that the 'Refhyne II' consortium had been awarded a grant of €32.4m (£27.49m) by the European Climate, Infrastructure and Environment Executive Agency 'CINEA' for the development of a 100 MW electrolyser at Shell's Energy and Chemicals Park in Germany's Rhineland.
Read morePush for 'net zero' emissions could have significant impact on inflation, Capital Economics says
28th Sep 2021 10:47
(Sharecast News) - The global push towards "net-zero" emissions could have significant implications for the inflation outlook depending on how quickly those changes are implemented, economists said.
Read moreBerenberg downgrades ITM Power to 'sell' as risks materialise
14th Sep 2021 15:34
(Sharecast News) - Analysts at Berenberg downgraded their recommendation and cut their target price for shares of ITM Power following the 'green' hydrogen specialist's full-year results.
Read moreITM Power FY underlying losses widen
13th Sep 2021 07:39
(Sharecast News) - Hydrogen energy solutions manufacturer ITM Power said on Monday that full-year underlying losses had widened despite a jump in annual revenues.
Read moreCiti stays at 'buy' on ITM Power after Linde inks deal with Infineon
19th Aug 2021 14:51
(Sharecast News) - Analysts at Citi kept their recommendation for shares of ITM Power at 'buy/High Risk' after its joint-venture partner, Linde, inked a deal for the British company's technology with chipmaker Infineon.
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