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
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....
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
ITM POWER - BUY | GBP650 VS. GBP600 (-2%) The promises of the JV with Linde are starting to materialize ITM will build the world’s biggest PEM electrolyser First sale via the JV with Linde, more to come Big projects can be challenging but the JV will limit the risk Buy rating confirmed, TP 650p vs. 600p
Cleantech & Energy transition | Welcome to the age of hydrogen ! Given the urgent nature of climate change and in view of the various objectives of the energy transition, hydrogen is experiencing a new wave of strong interest. Awareness is growing over the fact that hydrogen can complement and decarbonise the energy mix, as well as improve its resilience. • We are initiating coverage of: i/ Nel (Buy | TP NOK 28), ii/ ITM Power (Buy | TP 450p), and iii/ Ceres Power (Conviction Buy | TP 1250p).
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