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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  ITM Power Plc    ITM   GB00B0130H42

ITM POWER PLC

(ITM)
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ITM Power: Gigastack Project's Phase Two Receives GBP7.5 Million Funding

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02/18/2020 | 03:49am EDT

By Anthony O. Goriainoff

 

ITM Power PLC said Tuesday that 7.5 million pounds ($9.8 million) of funding has been awarded for phase two of the Gigastack renewable hydrogen project as part of the U.K.'s Department for Business, Energy and Industrial Strategy hydrogen supply competition.

The London-listed energy storage and clean fuel company said the project--which includes Orsted, Phillips 66 Ltd. and Element Energy--aims to show how renewable hydrogen derived from offshore wind can support the U.K.'s 2050 net-zero greenhouse-gas emission target.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ITM POWER PLC -4.79% 115.2 Delayed Quote.62.03%
LINDE PLC -1.19% 162.13 Delayed Quote.-23.85%
ORSTED A/S 0.03% 645 Delayed Quote.-6.42%
PHILLIPS 66 -0.19% 51.62 Delayed Quote.-53.67%
PHILLIPS 66 PARTNERS LP -0.76% 38.1 Delayed Quote.-37.72%
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Latest news on ITM POWER PLC
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02/18ITM POWER : Gigastack Project's Phase Two Receives GBP7.5 Million Funding
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Financials (GBP)
Sales 2020 6,81 M
EBIT 2020 -17,8 M
Net income 2020 -17,7 M
Finance 2020 42,9 M
Yield 2020 -
P/E ratio 2020 -27,1x
P/E ratio 2021 -49,7x
EV / Sales2020 77,7x
EV / Sales2021 30,3x
Capitalization 573 M
Chart ITM POWER PLC
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ITM Power Plc Technical Analysis Chart | ITM | GB00B0130H42 | MarketScreener
Technical analysis trends ITM POWER PLC
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 3
Average target price 109,67  GBp
Last Close Price 121,00  GBp
Spread / Highest target -0,83%
Spread / Average Target -9,37%
Spread / Lowest Target -14,0%
EPS Revisions
Managers
NameTitle
Graham Cooley Chief Executive Officer & Executive Director
Roger Bridgland Bone No-Executive Chairman
Andrew Charles Allen Finance Director & Executive Director
Simon Bourne Executive Director & Chief Technology Officer
Rachel Louise Smith Executive Director
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