ITM Power (ITM) Earns “Buy” Rating from Investec

Investec reiterated their buy rating on shares of ITM Power (LON:ITM) in a research report report published on Thursday morning. The brokerage currently has a GBX 67 ($0.90) price objective on the stock.

Shares of ITM Power (ITM) traded up GBX 0.50 ($0.01) on Thursday, hitting GBX 38 ($0.51). 772,484 shares of the stock traded hands, compared to its average volume of 543,433. ITM Power has a 1-year low of GBX 16.62 ($0.22) and a 1-year high of GBX 61.75 ($0.83).

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ITM Power Company Profile

ITM Power Plc designs and manufactures integrated hydrogen energy solutions for energy storage and clean fuel production. The Company has a range of product platforms based on Proton Exchange Membrane (PEM) technology. The Company’s product, HGas, is designed for Power-to-Gas applications. HGas accommodates fluctuating power profiles while generating hydrogen at pressures suitable for either direct injection into natural gas networks or through methanation processes without additional compression.

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