ITM Power - ITM - Share Chat

There is a bit of positivity around all my renewables at the moment. Which is a nice change.

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Weird pricing movement today. Shane didn’t hold those highs if the day.

Sone further positive news out over past few days

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Yeah they’ve been quite vocal on LinkedIn recently as well, 20MW project in the Netherlands and a 24MW project in Norway, plus the usual summits/conferences

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Re- entered at these prices has been good for me to trade this one.

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@Drew you beat me to it :slight_smile:

Great news though.

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This was £3 billion market cap, with £50 million less cash and a third of the revenue when green things were last hip and trendy.

Labour about to bring a lot of focus on the green sector again… tuck them away… imo

The 500MW capacity reservation news is huge… plus sat on a healthy £230m cash pile at £350m market cap.

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1 week in and Labour are shaking the sector up

The chancellor, Rachel Reeves, is launching a £7.3bn national wealth fund, as part of a drive by the newly elected Labour government to attract billions of pounds of private sector cash for big infrastructure projects across the UK.

The NWF, which Reeves said would be established “in less than a week”, is designed to help projects such as ports, gigafactories, hydrogen and steel projects to attract a mix of investment, aiming for roughly £3 of private funds for every £1 of taxpayer cash.

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If its British, I can see this new wealth fund being mismanaged somehow. Lol

Should we now be comparing it to the Norwegian fund of 1.6 trillion. No doubt the Chancellor would love to get her hands on that.

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ha yeah… I suppose it’s a start at least.

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looking likely to run a bit

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Definitely some positive news on the hydrogen sector front.

ITM is one I’m keeping an eye on for sure. I have a small position currently. Looking to add to and grow over next 12-24 months.

The share price is reflecting that.

Though. I did see this yesterday

If true. Something to bear in mind. At least in short term.

Just to try and time adding to my position

I’ll DCA for sure. But if it dips and I have some spare funds. I will add more.

Currently focusing funds elsewhere at present. Though. I’m still. DCA in short term. Nothing big. Just keeping things ticking over.

“reducing the price target to £0.90”

Decent 50% gain from here though still bud

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Definitely. I’d certainly take 90p per share. Once I’ve had a chance to add to position over the coming months :wink:

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Are you still adding, or have you given up yet? To say that this stock is a slow burner is a bit of an understatement.

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Some good news today

And some more

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Big jump today

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one step up, 2 steps down

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