Profit from 2017‘s first quarter was less than persuasive, as minus USD 1.33 per share (before extraordinary items/losses) was a much higher fall than the, on average, USD 0.81 in loss analysts had expected. First-quarter net loss added up to around USD 330 million. That revenue grew strongly by 69 per cent (compared to the same quarter last year) to USD 2.7 billion is a positive.
ITM Power (NASDAQ: ITMPF) is the first R&D fuel cell business from the UK making the jump onto the British stock exchange. ITM manufacturers power-to-gas systems, H2 filling stations and electrolyzers. Currently, it is working on a module-based electrolyzer that could allow for combinations offering up to 100 MW capacity.
Looking at the share prices for fuel cell companies that are being traded on the stock exchange right now, one could be forgiven for thinking that a crash had just taken place. It is as if the technical breakthroughs in the further development of the fuel cells had never taken place, and as though the production, storage and use of hydrogen had zero chance of achieving any success. Yet in fact, the opposite is the case. Right now we are at the start of a new mega trend, and in 2015,