ITM Power Plc (LON:ITM - Get Free Report) rose 12% on Wednesday . The stock traded as high as GBX 82.60 ($1.11) and last traded at GBX 82.20 ($1.11). Approximately 8,106,771 shares changed hands during trading, an increase of 72% from the average daily volume of 4,701,834 shares. The stock had previously closed at GBX 73.40 ($0.99).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.79) target price on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Stock Analysis on ITM Power
ITM Power Stock Down 4.5%
The firm has a fifty day simple moving average of GBX 47.98 and a 200-day simple moving average of GBX 37.95. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The firm has a market cap of £464.26 million, a price-to-earnings ratio of -17.04 and a beta of 2.03.
ITM Power Company Profile
(
Get Free Report)
ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange's AIM market in 2004.
Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.
Read More
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
