Dennis Schulz Buys 152 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 152 shares of ITM Power stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of GBX 99 per share, with a total value of £150.48.

Dennis Schulz also recently made the following trade(s):

• On Wednesday, July 15th, Dennis Schulz bought 134 shares of ITM Power stock. The shares were acquired at an average price of GBX 112 per share, for a total transaction of £150.08.

ITM Power Stock Performance

LON ITM opened at GBX 102.10 on Thursday. The stock has a market cap of £704.70 million, a P/E ratio of -20.42 and a beta of 2.85. The company’s 50-day simple moving average is GBX 106.28 and its 200 day simple moving average is GBX 112.98. ITM Power Plc has a twelve month low of GBX 57.90 and a twelve month high of GBX 219.80. The company has a quick ratio of 7.56, a current ratio of 2.62 and a debt-to-equity ratio of 6.99.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price objective on ITM Power from GBX 60 to GBX 80 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,062.50.

About ITM Power

ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.

With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.

Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.