ITM Power

Recalibrating the near-term outlook

  • Jun 22 2022, 07:10 IST/BST
  • Colin Grant
  • Company Report
  • 7 page(s)
  • Sectors : Renewables
  • Companies : ITM Power

Ratings and price correct at time of issue.

  • ITM Power

    Closing Price: 217p

  • RATING 23/02/21

  • PREVIOUS RATING N/A

DAVY VIEW

The long-term growth outlook for the development of hydrogen is unchanged, but we are recalibrating our assumption on the pace of ramp-up in the near term. The lead time on large projects is a headwind to growth rates that will need to be addressed by the EU. We have adjusted our forecasts on ITM accordingly.

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Jun 22 2022, 07:10 IST/BST

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