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ITM Itm Power Plc

51.40
1.20 (2.39%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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
  1.20 2.39% 51.40 1,092,109 16:35:22
Bid Price Offer Price High Price Low Price Open Price
50.45 51.25 51.20 49.02 49.02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 5.23M -101.2M -0.1641 -3.10 314.3M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:39 O 5,442 50.475 GBX

Itm Power (ITM) Latest News

Itm Power (ITM) Discussions and Chat

Itm Power (ITM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:13:2650.485,4422,746.85O
17:11:1249.704,4532,213.14O
17:10:1350.477,2163,641.92O
17:06:4349.27245120.72O
17:05:1849.0210,2495,024.06O

Itm Power (ITM) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 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 50.20p.
Itm Power currently has 616,882,323 shares in issue. The market capitalisation of Itm Power is £314,301,544.
Itm Power has a price to earnings ratio (PE ratio) of -3.10.
This morning ITM shares opened at 49.02p
Posted at 18/4/2024 13:33 by barnes4
Soothing words might help norbus
But this lot are getting rogered by the markets and the share price is getting destroyed
Posted at 18/4/2024 10:35 by barnes4
The market including the short sellers think this is a dead duck and judging by the share price I tend to agree

Soothing words and actions are long long overdue here
Posted at 26/3/2024 09:18 by grahamwales
Bit of news from Linkdin


ITM Power is pleased to announce a milestone in its collaboration with Sumitomo Corporation: the delivery and installation of a NEPTUNE electrolyser at Tokyo Gas Asia Pte. Ltd.'s Yokohama Techno Station. This unit marks the first deployment of a megawatt-class PEM electrolyser made overseas and imported into Japan.

Manufactured by ITM in the UK, and shipped to Japan, the electrolyser is now installed. After commissioning, the hydrogen produced will be utilised in the e-methane production of Tokyo Gas. This is an important milestone on Japan's journey to carbon neutrality by 2050.

Dennis Schulz, CEO of ITM Power, stated, "ITM is proud to work with Sumitomo to support Tokyo Gas in advancing hydrogen technology deployment in Japan. We are keenly observing the wider developments in Japan, such as the government’s CfD style support scheme, which could see Japan emerge as one of the most fertile countries for green hydrogen projects in the region.”
Posted at 19/3/2024 22:51 by danvandan
I've got nothing against people who short. I do it myself. The part I object to is the cheating. The share price manipulation. Do you barnes, honestly think that little ITM, an AIM traded share that is practically unknown outside of this thread and a couple of hundred people in the nascent green hydrogen business, is really being traded to the tune of £600k a day on no news? It's share price manipulation. The market makers are most likely in on it too. Post-market trade again? Yes of course, here you are. Been selling all day and now want to buy back after the close, yes of course. Here you are. Thank you for the commission. No one breaking the 'rules'.
Posted at 19/3/2024 22:34 by danvandan
barnes, no I will not. Think about this; a few weeks ago ITM put out a set of results that showed how the business is getting very close to break-even and thereafter, profitability. It's no longer years away. It could be just a matter of months, if a few of the big projects actually get started, assuming that ITM wins contracts.

When they put out those results and the presentation, the shareprice went up dramatically. At the time, I thought it was strange that the hedgies shorting this didn't exit. Not only have they not exited, one of them actually increased their short. Why do that when all the evidence points to the shareprice as having already bottomed, and the company's prospects look good?

Look at the number of just small green hydrogen projects that are getting government funding support - HAR1. Two or three of these would transform ITM's profitability. All are in planning limbo. But there are so many, plus the Linde partnership, that ITM looks like an obvious high value business. They've got enough cash to run without ANY profits for at least two years and maybe more. But despite all of that, hedgefunds felt that increasing their short was the right thing to do. Why?

It can only be because they are confident that they have found a small publicly traded business with plenty of small investors who will sell if the shareprice hits small investor stops. The chart is stop-hunting every day. Sell a little, trigger a stop, then the small investors sell and start a chain of selling, more stops triggered. When the selling stops, sell a little more, find new stops, and so on. This will go on until something big happens. The share price could be 45p in a week. It takes a big institutional investor to just buy up every sell. When the hedge funds meet a big institution on the other side of every trade, buying everything they can sell, then they will not be able to manipulate the price down and they might think about exiting.
Posted at 19/3/2024 20:02 by danvandan
The issue here with this shareprice is the hedgefunds manipulating the price down. There's no reason why there should be so much volume on this little company with no news and nothing to prompt price action. Each day, the hedgies are buying after the close and then selling down throughout the next day to work the price down. They've got millions committed (see short-tracker) on shorts, and it costs very little to buy a chunk of shares and move the price on this share with steady sells during the day. Unfortunately ITM management don't realise this is happening. Most company managers have no idea how the stockmarket works and think that it's a meaningless distraction until they suddenly have to raise money.

What's needed is a few standout results to get the price moving properly, and planning issues for all the green hydrogen projects in the UK are all that's stopping that from happening. Am watching this space. In the meantime, the shareprice will slowly sink unless an institutional investor takes action.
Posted at 22/2/2024 04:11 by moontheloon
USA?UBS sees upside at Ceres Power, ITM PowerPublished: 09:31 21 Feb 2024 ESTWritten by: Oliver HaillAbout this contentViewCeres Power Holdings PLCLSE:CWROTC:CPWHF?UBS has initiated coverage on a trio of hydrogen specialist companies, London-listed pair Ceres Power and ITM Power and Norway's Nel. Ceres Power was started off with a 'buy' rating, praising its high-margin licensing business model within the solid oxide fuel cells (SOFC) and electrolysers (SOEC) sector.The firm's credibility, which had been shaken by partnership delays in 2023, received a significant boost with Delta Electronics' £43 million licence acquisition on January 18, 2024, propelling shares up by 38%.UBS is buoyant about Ceres' future, underpinned by management's confidence in securing more deals in 2024, and sees another fundraise as "unlikely".The rating comes with a price target of 450p per share based on a sum-of-the-parts valuation, with UBS's base case being that another licence is added by the end of next year, "likely" to be Weichai Power in China, potentially increasing revenue by approximately 31% in 2025.Global hydrogen subsidy schemes of around $36 billion could accelerate the addition of an SOEC partner by 2025, enhancing revenue forecasts and advancing EBITDA breakeven, the bank said."We think new partners will be attracted to an SO?market estimated at $2.3 trillion by 2030, yet we only find two credible manufacturers (excluding Ceres partners)," UBS said, noting that solid oxide technology takes around 15-20 years to develop at an R&D cost of roughly £245-660 million.This mean, UBS said, "new entrants risk missing scale-up in the hydrogen market to 2040 versus a ~£43 million licence from Ceres, and be selling a product in 2-3 years".In a separate note, UBS started ITM Power PLC (AIM:ITM) with a 'neutral' rating and a 65p price target, acknowledging the company's ongoing turnaround efforts and the potential for upside upon order momentum resumption."There is upside potential to valuation when order momentum restarts after the turnaround. But consensus also has not seen the last downgrade in our view with elevated FY26 expectations," the bank said.Despite operational improvements under new leadership, UBS remains cautious, projecting limited opportunities for 2025 consensus upgrades and noting the industry's preference for alkaline water electrolysis (AWE) over polymer electrolyte membrane (PEM) technology.The firm's valuation is underpinned by a detailed DCF analysis, highlighting ITM's differentiated technology and its potential to lead in PEM efficiency and hydrogen production cost-effectiveness.
Posted at 15/2/2024 21:15 by gimmethefax
We don't always have to agree, but its good when we do; there are none better placed.

Nice surprises are always welcomed, so I agree, understating things would be pretty norm, for a business man of quality - always better to over-deliver.


Cost is becoming more and more important, and, as you know better than any, the uniqueness of the ITM stack puts ITM ahead in that regard. They can't compete. Dennis shares with us that the competition are raising prices, ITM didn't have to - evidence. I would say ITM will indeed raise prices over time, but this is our advantage - best in class - with the freedom to squeeze.

As GW highlights on the other thread, Plug Power ('the behemoth', the hydrogen darling, lol) is a full year behind working through teething issues, and still seem to be coming down from the fantastical hype that came with all things green hydrogen (it got us all).

They all might get squeezed out if pricing becomes super competitive. They just can't compete.


Did we get status updates for Leuna and/or Yara reference plants? ... Forgive me, I did watch the presentation, but was on the go so didn't really catch it all properly.
Posted at 12/2/2024 10:35 by gerbil control
Thanatos Abyss12 Feb '24 - 10:34 - 6887 of 6888
0 0 0
Wtf is going in here????

All I can see is ITM share price pulling a fast one today, and some Sheedy is revered

😂
Posted at 12/2/2024 10:34 by thanatos abyss
Wtf is going in here????

All I can see is ITM share price pulling a fast one today, and some Sheedy is revered
Itm Power share price data is direct from the London Stock Exchange

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