Itm Power (OTCMKTS:ITMPF) Raised to "Strong-Buy" at Berenberg Bank

Key Points

• Itm Power has been upgraded by Berenberg Bank from a "hold" rating to a "strong-buy" rating.
• The company's stock opened at $0.84 and has experienced a 1-year trading range of $0.32 to $1.30.
• Itm Power specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers for various markets, including the UK, Germany, and the US.

Itm Power (OTCMKTS:ITMPF - Get Free Report) was upgraded by Berenberg Bank from a "hold" rating to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

Itm Power Trading Down 3.6%

Shares of ITMPF stock opened at $0.84 on Monday. Itm Power has a 1-year low of $0.32 and a 1-year high of $1.30. The firm's 50-day simple moving average is $0.99 and its 200-day simple moving average is $0.62.

Itm Power Company Profile

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.

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