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The UT trade might be the only one with matching sells and buys as it's essentially a massive swap at whatever price maximises the total swap during the auction. Can retail investors take part? No idea. So my guess is only institutional investors. But without a strong price signal in either direction it's hard to say which side drove the auction. Also impossible to determine whether it's one buyer and loads of sellers, one seller and loads of buyers, or simply a nice balance of both. It certainly seems like a neat trick for investors wanting to shift hundreds of thousands of shares in 'stealth mode' without affecting the price much.
Wow £2 million UT trade.
Closing short ?
Institutional investor ?
Any thoughts ?
Bilboburgler, nailed it.
Lots of development and expenditure, limited cash flow coming in. So share price drops. Makes sense to me
Plug has been struggling with cashflow for quite a while. They warned on bankruptcy protection at one time, but seem to have carried on so far. Yesterday they announced a 1.8b loan facility. Accounts due any time I think.
So plug says
‘Plug has announced the integration of a Class 6, medium-duty fuel cell electric truck. The integration involves a commercial Class 6 chassis cab with an industry proven electric propulsion system powered by Plug’s cutting-edge ProGen fuel cell technology: ‘
Which sounds pretty good to me! yet immediately Plug shares drop 6%. Which presumably is why ITM dropped at exactly the same time.
I don’t just don’t get this game.
Just as a side note Ennismore is a disaster of a fund regularly losing to its Index often in the 2 or 3 quartile and in the last 5 years managed to make 23% (equiv to 4.2% a year) so basically not much better than you can get from Tescos. I saw their timing as indicative of good news
From James Collins, Head of Business Development at ITM Power:
"Well… the World Hydrogen Summit was a whirlwind. Our new 5MW NEPTUNE V attracted a lot of attention. Turns out if you become very transparent with pricing the market really appreciate it - sub €5m for a full turn key system led to lots of interesting conversations.
Thanks to Joanna Roper, UK Ambassador to the Netherlands and Stefanie Murphy, Director of Hydrogen at Department for Energy Security and Net Zero for the support at the show!"
great timing Ennismore Fund, to increase their short position (average 51 pence) two weeks ago:)
Ah ok, had thought that could be the case. Tks.
Biden administration offered Plug Power a conditional commitment for $1.66 billion in loan guarantees to build up to six facilities. It is up 45% at the moment.
Any info behind this rise?
"We’ve had a busy first day of the World Hydrogen Summit & Exhibition - the interest in our products has been overwhelming!
Don’t miss your chance to get up close to one of our real TRIDENT stacks, and to talk to our experts about how our industry-leading PEM electrolyser technology can help you decarbonise."
Link with Ppoto : https://www.linkedin.com/posts/itm-power_hydrogen-greentech-energy-activity-7195820240658722817-yZ-n
Well done, now sell them Dennis. A lot of them!
If you ever wonder why the airline business is not looking at hydrogen with any seriousness just read this tosh https://iuk.ktn-uk.org/programme/sustainable-aviation-fuel-innovation/ and reliase that USA and EU are equally funding it
Interesting comment from the CEO to someone saying on LinkedIn “ Amazing! Excellent size and I think this is the first time ever, I have seen a company advertise the price tag of a ready to go electrolyser.”
Congratulations ITM”
Dennis : “ Yes, this is the best performing, most compact and competitive 5MW unit in the PEM space worldwide. Nothing to hide here - and somebody has to have the guts to be the first to establish mature pricing transparency.”
To roll back green funding. I wonder if Sunak is at it too........
https://www.politico.com/news/2024/05/09/trump-asks-oil-executives-campaign-finance-00157131
It looks like someone got a little bit excited !
14:55:02 52.225 500,000 BUY £261.13k
NEPTUNE V provides 5MW of reliable, highly efficient hydrogen production capacity, and is now available to customers at a competitive price of: EUR 4,995,000 | GBP 4,350,000
:https://www.linkedin.com/posts/itm-power_hydrogen-electrolyser-greentech-activity-7194670840922230784-aLrp/
This is what we need to satisfy the law of supply and demand: SUPPLY
https://evfleetworld.co.uk/exeter-hydrogen-refuelling-hub-to-open-in-2026-to-support-fuel-cell-van-switch/
https://www.bbc.co.uk/news/uk-england-devon-68275705
Https://theenergyst.com/wrightbus-secures-german-order-for-46-hydrogen-buses/
Great opportunity for Wrightbus and ITM. https://www.itv.com/news/london/2024-05-08/mayor-signals-the-end-of-the-boris-bus-in-mission-to-clean-up-the-capitals-air
This is the right time for green hydrogen producers like ITM to finally start making a major contribution to worldwide decarbonisation. ITM is well poised for a significant uplift in its fortunes.
https://oilprice.com/Energy/Energy-General/The-Race-for-Green-Hydrogen-Dominance-is-Heating-Up.html
Despite the ongoing conflict in Ukraine, it's encouraging to witness the UK actively engaging in EU projects. With potential announcements of FIDs from ITM in the coming months, doubling the share price within a week isn't out of the question in my opinion. Exciting times ahead!
Can't see our government supporting it. There still in the 20th century, backing a new coal mine to produce coal for a declining steel industry that's looking to using alternatives to coal. You couldn't make it up.
Discovery made in University of Nottingham
Scientists have found a way to transform metal waste into a highly efficient catalyst to make hydrogen from water, a discovery that could make hydrogen production more sustainable.
https://www.nottingham.ac.uk/news/trash-to-treasure-researchers-turn-metal-waste-into-catalyst-for-hydrogen#:~:text=Scientists%20have%20found%20a%20way,make%20hydrogen%20production%20more%20sustainable.