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AIM WINNERS & LOSERS: ITM Power wins European design contract

Fri, 24th Jan 2025 10:20

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday.

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AIM - WINNERS

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IQE PLC, up 9.0% at 14.39 pence, 12-month range 10p-36.15p. The Cardiff-based supplier of advanced wafer products for the semiconductor industry is expanding its partnership with quantum dot laser (QDL) technology and heterogeneous silicon photonics company Quintessent Inc. The pair "have collaborated for over a decade to transition QDL technology from research to large-scale production". IQE says the collaboration has developed highly optimised and high-performing quantum dot epitaxial wafers, enabling annual production of "hundreds of millions of high-performance edge-emitting lasers". Says the expanded partnership aims to establish the world's first large-scale QDL and semiconductor optical amplifier (SOA) epitaxial wafer supply chain. Quintessent has placed an initial purchase order worth around USD500,000 for delivery of production wafers throughout this year.

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ITM Power PLC, up 8.4% at 36.72p, 12-month range 33p-67.9p. The Sheffield-headquartered designer and manufacturer of electrolyser systems for green hydrogen production has won a contract with an unnamed European energy company, to jointly develop a standard design configuration for a 10 megawatt green hydrogen plant. Says the client intends to deploy the plant design across several UK projects. Says the design will combine two Neptune V plug-and-play 5MW containerised electrolyser systems, using its Trident stack technology. Notes the UK's "ambitious" green hydrogen targets including six gigawatts of installed capacity by 2030.

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AIM - LOSERS

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Quadrise PLC, down 41% at 3.405p, 12-month range 1.235p-7.58p. The London-based energy technology provider has raised GBP4.5 million through an oversubscribed placing of 150.0 million shares at 3p each, plus another approximate GBP300,000 through directors' direct subscriptions for 1.0 million shares at the same price. Company also announces a retail offer to raise up to GBP1 million gross with up to 33.3 million new shares to be made available at 3p each.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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