ITM Power Plc (OTCMKTS:ITMPF – Get Free Report) shares shot up 1.6% during trading on Friday . The stock traded as high as $0.55 and last traded at $0.54. 30,807 shares were traded during mid-day trading, an increase of 261% from the average session volume of 8,542 shares. The stock had previously closed at $0.54.
Analysts Set New Price Targets
Separately, Berenberg Bank upgraded shares of ITM Power to a “hold” rating in a report on Friday, August 16th.
View Our Latest Report on ITMPF
ITM Power Trading Up 1.6 %
ITM Power Company Profile
ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.
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