ITM Power

Powering ahead

  • Oct 15 2021, 14:50 IST/BST
  • Colin Grant
  • Company Report
  • 6 page(s)
  • Sectors : Resource
  • Companies : ITM Power

Ratings and price correct at time of issue.

  • ITM Power

    Closing Price: 445p

  • RATING 23/02/21

  • PREVIOUS RATING N/A

DAVY VIEW

The £250m equity raise announced further separates ITM from its peer group and enables a ramp up in production capacity. The business looks overcapitalized in the near term, but the benefit of doing the raise now is that it wisely removes any risk of market volatility impacting access to capital in the future.

Download full report with analyst certification and important disclosures

Oct 15 2021, 14:50 IST/BST

Download