ITM Power - World leading renewable energy specialist

​ITM Power is a renewable energy specialist which manufactures hydrogen energy systems for use in energy storage and the production of clean fuel. Its products are based on PEM (proton exchange membrane) electrolysis, a technology which enables excess electrical energy to be converted into “clean” hydrogen gas. It operates two divisions focused on markets which are experiencing rapid growth.

We see a potentially interesting opportunity to invest in ITM Power at the present time given that the company is seeing good momentum in growing the order book, is at the most technologically advanced stage in its history, combined with the fact that the shares are trading at an almost equivalent level to the all times lows seen at the market nadir in Q1 2009. Given the current valuation we believe that ITM Power shares offer a potentially good risk/reward opportunity and that at the current price the company may even stand out as a takeover target for a larger player in the industry.