ITM Power

New forecasts reflect lower price and higher volume assumptions

  • Sep 17 2021, 06:45 IST/BST
  • Colin Grant
  • Company Report
  • 9 page(s)
  • Sectors : Resource
  • Companies : ITM Power

Ratings and price correct at time of issue.

  • ITM Power

    Closing Price: 396p

  • RATING 23/02/21

  • PREVIOUS RATING N/A

DAVY VIEW

Following ITM’s full year results, we have updated our forecasts. We have made significant reductions to price assumptions, which in turn drive higher volume forecasts. These largely offset each other in our cumulative forecasts to FY2030, but there are some timing differences.

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Sep 17 2021, 06:45 IST/BST

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