Zacks Research Upgrades Itm Power (OTCMKTS:ITMPF) to “Hold”

Itm Power (OTCMKTS:ITMPF) was upgraded by equities researchers at Zacks Research to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Separately, Peel Hunt raised Itm Power to a “hold” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Itm Power has an average rating of “Hold”.

Itm Power Stock Performance

Shares of ITMPF opened at $1.09 on Monday. Itm Power has a twelve month low of $0.80 and a twelve month high of $2.85. The firm’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $1.36.

Itm Power Company Profile

ITM Power plc is a United Kingdom-based company that designs and manufactures electrolyzers used to produce green hydrogen. Its technology uses renewable electricity to split water into hydrogen and oxygen, supporting lower-carbon applications in industry, transportation, energy storage and other sectors.

The company’s products include proton exchange membrane (PEM) electrolyzer stacks, modules and integrated systems. ITM Power also provides related engineering, installation, commissioning and service capabilities for larger hydrogen projects, including systems designed for integration with renewable power and industrial facilities.

Founded in 2001 and headquartered in Sheffield, England, ITM Power serves customers and project partners in the United Kingdom and international markets.