Bryan Garnier - ITM POWER (ITM.L) ITM POWER: Do you really need 5 GW of capacity by 2024 ? | BUY | GBP600 VS. GBP650 (+26%)

Report

Bryan Garnier

Xavier Regnard

ITM POWER: Do you really need 5 GW of capacity by 2024 ? | BUY | GBP600 VS. GBP650 (+26%)

ITM POWER - BUY | GBP600 VS. GBP650 (+26%)
Do you really need 5 GW of capacity by 2024 ?

£250m capital increase to increase manufacturing capacities
Is 5 GW by 2024 oversized ? We think it is
Buy rating confirmed but TP adjusted from GBX650 to GBX600

15/10/2021 4 EN

Underlying

ITM POWER

See profile

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

See profile

Analysts

Xavier Regnard

Other Reports on these Companies

Independent Investment Research

Monthly LMI Update Independent Investment Research

Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked. This compares to the total dividends of 5 cents per share in FY20. The Board has confirmed that, in...

August 6, 2021 August 6, 2021 10 EN

Bryan Garnier

ITM POWER: Revenues are still limited but we anticipate a strong acceleration thanks to the backlog | BUY | GBP650(+1%)

ITM POWER - BUY | GBP650(+1%) Revenues are still limited but we anticipate a strong acceleration thanks to the backlog Very limited revenues affected by Covid-19 issues Future growth backed by good order intake Positive stance confirmed. TP 650p

January 28, 2021 January 28, 2021 4 EN

Ekinops: Reversal in divisional dynamics

Ekinops has reported an 11% decline in revenue for Q1 2024, consistent with the performance observed in H2 2023. However, the decline was primarily driven by Optical Transport, which displayed signs of market weakness after a strong FY23. The Access segment showed a more resilient performance, mark

12h / 25m 12h / 25m 1 EN

Paul de Froment ... (+3)

Paul de Froment
Sebastián Marroquin Mérida
Thomas Mordelle

Fastned: ready to shift up a gear

Fastned has published its Q1 2024 key metrics and adjusted FY24 guidance for the number of operating stations this morning. Q1 sales came in at EUR18.9m (+42% YoY), leaving an implied annual run-rate of at least EUR76m (vs cons. at EUR104m for FY24 and BGe EUR106m). Fastned posted a gross margin of

12h / 25m 12h / 25m 1 EN

Cedric Rossi ... (+3)

Cedric Rossi
Clement Genelot
Gregory Ramirez

Claranova: longstanding CEO Pierre Cesarini steps down

Yesterday Claranova announced the immediate appointment of Eric Gareau as CEO further to the immediate departure of Pierre Cesarini. Eric Gareau already has deep knowledge of the company he joined in 2018 and has been the CEO of Claranova's software publishing and distribution division Avanquest si

12h / 37m 12h / 37m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

ITM POWER: Do you really need 5 GW of capacity by 2024 ? | BUY | GBP600 VS. GBP650 (+26%)

Monthly LMI Update Independent Investment Research

ITM POWER: Revenues are still limited but we anticipate a strong acceleration thanks to the backlog | BUY | GBP650(+1%)

Ekinops: Reversal in divisional dynamics

Fastned: ready to shift up a gear

Claranova: longstanding CEO Pierre Cesarini steps down

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe