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Considering the complete change of political climate both in the UK and in continental Europe (USA is a big ? if Trump is back in, but the DoE's lending to Plug Power confirms the Democrats' clear support for hydrogen too) and the complete overhaul of the company by the CEO, a return to the previous highs of £6 in the 1-2 years isn't totally unrealistic.

ITM has explicitly demonstrated in its sets of results for the past year / 18 months that it is now run as a tight ship. CWR and AFC, while they have good products, haven't demonstrated so much. In particularly, for AFC, it's had to do a fund raise about a month ago. ITM is sitting on a $230m (approx) cash pile.

Source please?

JP Morgan seems to pull out of thin air the figures below, and provides no basis as to why the orders would be deferred to 2026. The amount of apparently totally made up predictions is crazy.

It was all a hussle by J P Morgan.

1- Has JP Morgan written its piece before the result of the UK election? That wouldn't surprise me.

2- if it hasn't I wouldn't be surprised if that was written to encourage a price drop so that its clients can buy in for cheaper...

SatellitePro - good spot and thanks for sharing. That makes green hydrogen production far far more relevant.

I take your point except that apart from Linde, there isn't much institutional ownership left, is there?

https://itm-power.com/investors/shareholders

Most of the entities listed are basically nominee account holding entities, i.e. PIs holding via a bank or equivalent.

So Linde could clear the deck easily.

What incentives does Linde have to make it wait any longer, and have to pay over the odds?

On top of my last e-mail, I suspect that a Linde takeover is on the cards over the next few weeks.

- it's the largest shareholder.

- it's based both in the UK and the EU (Germany) so can manage demand from both jurisdictions.

- ITM's CEO is a former Linde man.

And the tide has officially turned for ITM Power as summarised in my post below.

The enormous reservation announced this morning, at a glance, strongly suggests that ITM Power is going to be profit-making from this financial year onwards.

Then add the market expectation of greater UK government commitment towards green hydrogen production and the SP has strong chances of climbing much much much much higher.

Rich62 - thanks for having spotted and shared that article!

They don't always publish every contract win so hard to say.

swaltz

i’m afraid “for every seller there is a buyer” is wrong statement in the stock market.

market makers are contractually obliged to buy (or sell) shares to maintain the flow. so even a **** share that nobody wants will get bought by the mms.

in exchange, mms get to set the prices.

Https://www.tradingview.com/x/YKYmZqtN/

An RNS to say what?

Toneman - my last post wasn't against you, I was not clear enough. It was against the one you quoted (and criticized).

Thanks for describing the additional applications for the production of hydrogen.

I realise that my last post was not clear: this time, I am not criticizing kontiki2 but the people mentioned by him (her?) and the other poster in this same thread. So while this all looks muddy, kontiki2's and my comments work hand in hand:

there is much renewable energy/electricity generation ready to be added to the grid, which means the perfect conditions for green hydrogen generation.

As per my earlier message, this demonstrates heavy disingenuity or complete ignorance of what green hydrogen generation is.

Green hydrogen NEEDS renewal energy projects. It does NOT compete with them, on the contrary.

Green hydrogen is about the more effective use of the electricity produced by renewal energy generation via electrolysis, as it's been shown that hydrogen is a more effective and reliable fuel than pure electricity, particularly for applications involving motors and engines.

Is this deliberate misrepresentation or total ignorance that I've been reading on this board?

Green hydrogen projects work in conjunction with the production of renewable energy. That's what makes them GREEN.

They are not about creating energy directly from naturally occurring sources (wind, hydro, uranium, fossils, sun) but about converting electricity into hydrogen via the "electrolysis". The hydrogen being a fuel. And it's green because the electricity comes from those plants / turbines powered by the renewable sources above (wind, hydro, sun).

So the more renewable energy projects, the more we can have "green hydrogen" electrolysers.

For those who really need to know, why hydrogen instead of the electricity produced by those renewable plants / farms / turbines? Because hydrogen has been demonstrated to be a highly effective fuel, more so that pure electricity, particularly for applications involving motors and engines. But it's by-product being vapour, it's environmentally friendly.