Itm Power (OTCMKTS:ITMPF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Itm Power (OTCMKTS:ITMPF) to a hold rating in a report released on Monday,Zacks reports.

Separately, Peel Hunt raised shares of Itm Power to a “hold” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Itm Power has a consensus rating of “Hold”.

Itm Power Stock Performance

Shares of ITMPF stock opened at $1.09 on Monday. The company’s 50-day simple moving average is $1.31 and its two-hundred day simple moving average is $1.36. Itm Power has a one year low of $0.80 and a one year high of $2.85.

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.