ITM’s trading update broadly confirmed the impact of deferred revenue on the Leuna contract and we have now trued up our forecasts to bring them in line. We have also reflected ongoing higher costs of skill acquisition and inventory build going forward and added some conservatism on pipeline conversion in FY23. The impact on our valuation is small with our central case value falling to 730p from 734p. It is evident that there is growing demand for hydrogen electrolysis as a result of energy poli ....
09 Jun 2022
ITM Power - Skills and Inventory to Meet Demand
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ITM Power - Skills and Inventory to Meet Demand
ITM Power PLC (ITM:LON) | 50.8 0.6 2.4% | Mkt Cap: 313.7m
- Published:
09 Jun 2022 -
Author:
Adam Forsyth -
Pages:
6
ITM’s trading update broadly confirmed the impact of deferred revenue on the Leuna contract and we have now trued up our forecasts to bring them in line. We have also reflected ongoing higher costs of skill acquisition and inventory build going forward and added some conservatism on pipeline conversion in FY23. The impact on our valuation is small with our central case value falling to 730p from 734p. It is evident that there is growing demand for hydrogen electrolysis as a result of energy poli ....