Report
EUR 13.79 For Business Accounts Only

An unfavourable environment weighs on ITM POWER, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of ITM POWER (GB), active in the Alternative Fuels industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date February 22, 2022, the closing price was GBp 234.00 and its target price was estimated at GBp 194.44.
Underlying
ITM Power PLC

ITM Power designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. Co.'s subsidiaries include: ITM Power (Research) Limited, which is engaged in the research and development of scientific and engineering projects; ITM Power (Trading) Limited, which develops and manufactures prototype products; ITM Energy Ltd, ITM Fuel Ltd, and Orkney Hydrogen Trading Ltd, which sell hydrogen; ITM Motive, is engaged in the production of drivetrains for use with hydrogen; and ITM Power GmbH, ITM Power Inc, and ITM Power ApS, which sell electrolysis equipment and hydrogen storage solutions.

Provider
TheScreener
TheScreener

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