Itm Power (OTCMKTS:ITMPF – Get Free Report)’s share price gapped up prior to trading on Friday. The stock had previously closed at $1.16, but opened at $1.22. Itm Power shares last traded at $1.22, with a volume of 331 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Peel Hunt upgraded shares of Itm Power to a “hold” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Itm Power currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on ITMPF
Itm Power Price Performance
The company’s 50 day moving average is $1.37 and its 200-day moving average is $1.58.
Itm Power Company Profile
ITM Power plc is a United Kingdom-based company that designs and manufactures proton exchange membrane (PEM) electrolyzers for the production of green hydrogen. Its systems use renewable electricity and water to generate hydrogen without directly producing carbon emissions, supporting the decarbonization of industrial processes, transportation, and energy systems.
The company supplies electrolyzer products and related engineering, integration, and service capabilities for projects ranging from smaller distributed installations to large-scale hydrogen production facilities.
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