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Itm Power (OTCMKTS:ITMPF) Trading 10.1% Higher - What's Next?

Itm Power logo with Energy background

Key Points

  • Itm Power's stock rose by 10.1% during trading on Thursday, closing at $1.00 after previously closing at $0.91.
  • Berenberg Bank upgraded Itm Power's rating from a "hold" to a "strong-buy", indicating positive sentiment among analysts.
  • The company's fifty-day simple moving average is $0.99, significantly higher than its 200-day moving average of $0.64, suggesting upward momentum.
  • Want stock alerts on Itm Power? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Itm Power (OTCMKTS:ITMPF - Get Free Report) traded up 10.1% on Thursday . The stock traded as high as $1.00 and last traded at $1.00. 1,000 shares were traded during mid-day trading, a decline of 90% from the average session volume of 10,209 shares. The stock had previously closed at $0.91.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised Itm Power from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th.

Check Out Our Latest Research Report on ITMPF

Itm Power Stock Performance

The stock has a fifty day moving average of $1.00 and a 200-day moving average of $0.65.

About Itm Power

(Get Free Report)

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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