ITM Power plc 33.4% potential upside indicated by Morgan Stanley

Broker Ratings

ITM Power plc with ticker (LON:ITM) now has a potential upside of 33.4% according to Morgan Stanley.

Morgan Stanley set a target price of 470 GBX for the company, which when compared to the ITM Power plc share price of 313 GBX at opening today (05/05/2022) indicates a potential upside of 33.4%. Trading has ranged between 208 (52 week low) and 536 (52 week high) with an average of 2,985,953 shares exchanging hands daily. The market capitalisation at the time of writing is £2,006,555,578.

ITM Power Plc is a United Kingdom-based company, which is engaged in manufacturing integrated hydrogen energy solutions. The Company provides solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. The Company has a range of product platforms based on Proton Exchange Membrane (PEM) technology. The Company’s products include HGas1SP, HGas2SP and HGasXMW. HGas1SP is a smallest containerised PEM electrolyser system. The HGas1SP Plug Play product includes a single ITM Power PEM electrolyser stack to produce self-pressurised hydrogen gas. Its HGas2SP Plug Play product includes two ITM power PEM electrolyser stacks to produce self-pressurised hydrogen gas. The HgasXMW product is an electrolyser system built based on modules of three ITM power stacks. It is suitable for hydrogen fuel stations of truck, train and marine, refinery hydrogen, decarbonising heat and grid balancing markets.

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