ITM Power plc 42.9% potential upside indicated by JP Morgan

ITM Power plc with ticker (LON:ITM) now has a potential upside of 42.9% according to JP Morgan.

ITM.L

JP Morgan set a target price of 90 GBX for the company, which when compared to the ITM Power plc share price of 63 GBX at opening today (16/07/2024) indicates a potential upside of 42.9%. Trading has ranged between 43 (52 week low) and 99 (52 week high) with an average of 2,948,608 shares exchanging hands daily. The market capitalisation at the time of writing is £384,069,614.

ITM Power PLC is a United Kingdom-based company, which designs and manufactures electrolyzers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water. The Company makes electrolyzers in a range of sizes to suit its customers needs from 2 megawatts (MW) to projects in excess of 100 MW. Its electrolyzer products include TRIDENT, NEPTUNE and POSEIDON. TRIDENT is a PEM electrolyzer stack technology. TRIDENT is a 2 MW electrolyzer skid based on its 30 bar stacks. NEPTUNE is a fully autonomous electrolyzer system. Supplied with a power conversion system and incorporating all necessary balance of the plant, the electrolyzer can be readily deployed as a complete package. POSEIDON is a 20 MW module for large-scale projects. POSEIDON is a modular building block enabling scale up with an optimized footprint. Suitable for both indoor and outdoor installation, it consists of skid-mounted units which can be prefabricated and pre-tested.