The price of ITM Power stock has been on an exponential rise since Monday, February 21. It has risen by about 45% over the past week and the bullish momentum seems to be gaining momentum after it rose by over 21% today.
To help stock investors interested in investing in ITM Power stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is ITM Power stock?
ITM Power stock is the stock of ITM Power plc and it trades on the London Stock Exchange under the ticker LON: ITM.
In a nutshell, ITM Power plc is an energy storage and clean fuel company based in the UK.
ITM Power was founded in 2001 and designs, manufactures, and integrates electrolysers based on proton exchange membrane technology to produce green hydrogen using renewable electricity and tap water.
Should I buy ITM stock today?
If you are looking to invest in a stock of a power company, then the ITM stock could be a good choice.
Although the stock is currently on the rise, it is important to take note of the current situation in Ukraine, which could very likely break into an all-out war roping in Western European countries like UK
ITM stock price prediction
Analysts are expecting the price of ITM stock to rally above £400 by end of the first quarter of 2022.
However, this is pegged on the hopes that the current situation between Ukraine and Russia does not spill over to the neighboring European countries triggering a response from the NATO members that include the UK.
$ITM social media coverage
The post ITM Power stock has gained 44% over the past week: here is where to buy it appeared first on Invezz.