Citi 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.
Read moreCiti 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.
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