ITM’s interim results broadly reflect the guidance given in the December trading update although there has been progress in the underlying business since then, notably with a 24MW contract win and German Federal support for activities in the key European market. Importantly the company’s cash position following the November fund raise means that it is now funded to take production capacity to 5GW and expects to break ground on the second UK factory in H2 calendar 22. In our view the ability to d ....
27 Jan 2022
ITM - Cash Position an Advantage
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ITM - Cash Position an Advantage
ITM Power PLC (ITM:LON) | 50.3 0.1 0.2% | Mkt Cap: 310.1m
- Published:
27 Jan 2022 -
Author:
Adam Forsyth -
Pages:
6
ITM’s interim results broadly reflect the guidance given in the December trading update although there has been progress in the underlying business since then, notably with a 24MW contract win and German Federal support for activities in the key European market. Importantly the company’s cash position following the November fund raise means that it is now funded to take production capacity to 5GW and expects to break ground on the second UK factory in H2 calendar 22. In our view the ability to d ....