Member Info for E_AL

Looking at the technical chart, the sp is showing some support here, I think we will see little rebound from this level

It looks like we have a seller here. The next strong support on the daily tech chart is @ 2.85 (30 DMA). Hope we wont hit it :/

We are pleased to share that ITM has signed a contract for a FEED (Front End Engineering Design) for a multi-hundred megawatt (MW) electrolyser project in Europe.

Tim Calver, VP Commercial: "We are committed to working flexibly with customers & EPC integrators to optimise the plant design around ITM’s leading PEM electrolyser. Engagement in design stages of large projects of 100MW+ scale is important in the deployment of our technology.”

https://x.com/itmpowerplc/status/1756942786543096019

Sea of buys have been going through on the L2- this will pop up again once the market opens on the other side of the pond. :)

A sea of buys have been going through on the L2. The sp should rebound shortly.

1m shares just popped up on the BID side @4.20 ! it looks like the sp is about to rebound :)

Agree 1863. The gap from last month (18th of Jan)on the technical chart has been filled and just been tested for the second time. we should see share price rebound from this level.

Similar to yesterday, a chunky buy just gone through :

15:43:34 172.50 175,000 £301.88k

The updates on shorting from yesterday will be reported this evening.

Keir Starmer will announce on Thursday that he is scaling back Labour’s £28bn green investment programme, in his biggest policy U-turn since becoming party leader.

Senior Labour sources have told the Guardian that Starmer will finally confirm the party is no longer planning to spend £28bn a year on environmental schemes, given the economic uncertainty caused by the Conservative government.

It follows weeks of uncertainty about the policy as competing factions within Starmer’s senior team pushed him to keep the pledge or ditch it.

The article: https://apple.news/AgDHfKlhzTK2iNxeyczlSDg

The stock price has consolidated around 210, and about to break the descending trend on the technical chart.

Additionally, ITM is up 9% since the opening which should bring the sentiment back here

Nice chunky buy just gone through

14:06:50 0.063 43,899,000 £27.44k

A nice wave of buys are going through on the L2 atm :)

Nice £45K purchase from Warren Finegold (Director Chair)

ITM start rebounding , CWR should follow ;)

At present, the market capitalisation of ITM Power is approximately equivalent to its cash reserves, without attributing any value to its technology, research and development, IPs, being the largest electrolysers manufacturer globally and the only one in the UK, and the value of its asset. None of the above is priced in the current Mcap

Optimal Group just posted this on LinkedIn:

“In 2021, we developed our second Capstone Green Energy microturbine solution running on pure hydrogen for Blue Economy CRC, which focuses on the intersection of two emerging ocean-related sectors: aquaculture and offshore renewable energy production, both of which are integral to the nation's economic growth and sustainability.

It is actively engaged in the establishment of Tasmania’s first, fully operational, commercial-scale green hydrogen facility. The onshore phase of the project is well underway in Hobart, in which green hydrogen production is being achieved through the utilisation of an ITM Power HGAS1SP PEM electrolyser, which was also provided by Optimal Group.

The electrolyser would be connected to a DC microgrid that will include the Capstone C65 pure-hydrogen turbine for generating electricity. In addition, we will assist in the design and building of the microgrid in a configuration that has been adopted after collaboration with pitt&sherry, who have been engaged as engineering consultants for the project.”

https://www.linkedin.com/posts/optimal-group-australia-pty-ltd_aquaculture-offshorerenewables-hydrogentechnology-activity-7157900255512956928-Eg5i

From last year’s trading update:

“ 4 December 2023

ITM Power PLC

Trading Update

Ahead of our interim results which are due to be released on 31 January 2024, we are pleased to provide a summary of our financial performance for the 6 months to 31 October 2023.

In summary, the expected unaudited financial results for the half year are as follows:

· Revenue of £7.5m (well on track for full year guidance of £10-18m)

· Adjusted EBITDA loss between £22-23.5m (trending well against lower end of full year guidance of £45-55m)

· Net cash at the end of the first half of the year of £253.7m (against full year guidance of £175-200m), with an outflow in H1 of £28.8m, already reflecting the early effects of the significant progress against our 12-month plan in H1.

Given this reassuring performance we confirm our full year guidance.

Dennis Schulz, CEO ITM, said: "We have been making substantial progress against our 12-month plan, which aimed at providing ITM a strong foundation to build on. The first 6 months of the financial year from May to October already paint the early picture of a new ITM, surpassing the full year revenue of each of the last two years by about 50% in just the first half of this year. We are pleased with the improvements achieved across all areas of the company, many of which have a positive effect on how we manage cash and scrutinise capital spend. We look forward to providing a detailed update on our 12-month plan which is nearing successful on-time completion in January, and to giving insight into our longer term strategic priorities at the time of our interim results."

Quite positive heads up to what to expect on Wednesday. ITM Power, the world's largest electrolyser factory’s current MCap is around the amount of cash it has in the bank which commercially doesn't make sense, knowing the global interest in electrolyzers has surged due to their role in green hydrogen production. I am expecting share price rerate this week.

Apologies for the typo; I intended to refer to the positive news that was shared on LinkedIn

Results early next week. I’m expecting the share price to rebound considering all the positing need shares over the past few months on LinkedIn