This must be the share of the future...........A co with 15 employees mostly Boffins with a unique product under development that has massive potential in the alternative energy sector
My only regret is that I watched the sp rocket from 11op to 210p before getting into the nose cone

not sure if this meets what private equity want does it? I thought they liked cashflow.

I like this share's volatility :-)

Perhaps venture capitalists is a more appropriate term than private equity firms Financial Times article
> Renewable energy begins to pick up speed as an investment
> By Fiona Harvey and Kate Burgess
>
> Worrying about the environment is not the prerogative of a fringe of
> ageing hippies it once was. It has become one of the hot topics of the
> capital markets.
> More than $70bn (36bn) of new money was invested globally in clean or
> renewable energy or clean technology last year, says Michael Liebreich
> at New Energy Finance, a specialist research firm. That was a 43 per
> cent increase on the year before, he says.
> He reckons there are more than 1,246 private equity funds targeting
> environmental projects: "All the biggest private equity houses are
> looking at this space."
> The latest to launch a fund was Hg Capital, which reported last week
> it had raised EUR330m (222m) for a fund investing in renewable power
> in Europe.
> Conventional asset managers and hedge fund managers are joining the
> fray. According to the UK Social Investment Forum more than EUR780bn
> had been invested in socially responsible investments and funds and
> the bulk of SRI funds use environmental criteria to pick stocks.
> Standard Life Investments and Merrill Lynch Investment Managers have
> both highlighted the environment as an important investment theme for
> 2007 as environmental issues become more integrated into mainstream
> asset management and corporate behaviour.
> "Investors are seeing potential for profits, from the trading of
> pollution permits to investing in new technologies and approaches
> designed to cope with increasing scarcity of resources such as oil and
> water," says Standard Life.
> As the investment case for renewable energy strengthens, more
> companies are being drawn to list on the public markets.
> So far 50 companies focused on renewable energy have floated on Aim
> and more are expected in the next year or so.
> Wind power and ethanol turned out to be the best bets for investors
> last year in the burgeoning market for renewable energy.
> The highest performing renewable energy stock on Aim, by a large
> margin, was Clipper Windpower, the developer of wind farms in the US.
> Clipper, whose chairman is the former Conservative minister Lord
> Moynihan, more than doubled in value during the year, continuing the
> strong performance since the company listed in September 2005.
> Shares in Clipper jumped more than 75 per cent in July when the
> company announced a deal with BP to develop jointly five wind farms in
> the US.
> Wind is the most mature of all renewable energy technologies and
> companies with good wind sites can make substantial profits as
> electricity prices have remained high.
> Turbine design has advanced to allow much more power to be generated
> than was possible in the past, up to 3MW or even 5MW in the case of
> the biggest models. In addition, most developed country governments,
> including the UK and the US, offer a subsidy for wind power
> generation.
> The mixture of government support, high energy prices, carbon trading
> and concerns about the security of energy supplies have all combined
> in the past two years to make renewable energy an attractive sector.
> High energy prices have changed the economics of renewable energy, as
> has carbon trading, initiated by the European Union in January 2005,
> which puts an extra cost on fossil-fuel power generation, making
> renewable energy more economical.
> More than 500m of wind turbines were commissioned in the UK in 2006,
> according to the British Wind Energy Association.
> But investors ought to be wary of the potential problems associated
> with wind power.
> Shane Woodroffe, director of renewable energy at Fortis Bank, notes
> there are estimated to be more wind farms in planning in the UK, or
> about 2GW to 4GW of generating capacity, than there are wind farms
> already operating.
> That reflects the difficulty of gaining planning permission from local
> authorities. Companies must also get permission for any additional
> networks of large pylons that must be set up to connect remote wind
> farms to the electricity grid.
> Many of the UK's windiest sites, and those where planning permission
> is relatively easy to obtain, have been taken.
> Potentially more damaging to investors is that the Department of Trade
> and Industry is to review its subsidy regime in 2007 and may reduce
> the money available for onshore wind farms.
> The Carbon Trust, one of the government's chief advisers, has called
> for other less mature technologies, such as offshore wind farms and
> tidal and wave energy, to be favoured in future.
> Complicating matters further is a global shortage of wind turbines,
> caused by greatly increased global demand and high steel prices.
> David Fitzsimmons, chief executive of Novera Energy, one of the UK's
> biggest pure play renewable companies, says he expects consolidation
> to take place this year. "We're taking this forward from being a
> cottage industry," he says. "I think the interest will be in
> [companies with] existing assets rather than developing new assets."
> Ethanol companies such as Renova Energy and GTL Resources also fared
> well in 2006. They are cashing in on the ethanol boom in the US.
> However, there are potential dangers for these companies too. The crux
> of their business model is to exploit the lower price of ethanol
> compared with petrol.
> Yet those economics are changing as a bad grain harvest in many places
> has pushed up the price of their raw materials, while the oil price
> has come off its recent highs.
> Investors putting their faith in other biofuels will have seen mixed
> results. D1 Oils, a company founded and chaired by entrepreneur Karl
> Watkin, plans to make biodiesel from the jatropha plant, which it
> believes it can grow in countries such as India.
> The company's shares have almost halved since April. It said this
> summer it was in early discussions about a buy-out but instead is
> raising nearly 50m by means of a share placing.
> In the meantime, a series of problems at its Teesside factory has
> beset the indebted Biofuels Corporation, which warned last month it
> would have to seek more funding next April in order to continue as a
> going concern.
> Emissions trading specialists have sprung up to take advantage of the
> new markets in carbon dioxide brought into being by the Kyoto protocol
> and the European Union's greenhouse gas emissions trading scheme.
> These have also experienced divergent fortunes. Climate Exchange was
> one of the best performers of "clean energy" companies on Aim, but
> Trading Emissions lost value during the year. Yet the UK is likely to
> remain the centre for emissions trading for the foreseeable future,
> according to Paul Newman, London managing director at Icap Energy (see
> profile below).
> One of the renewable energy technologies to have received most hype in
> the past few years is the fuel cell. These devices, which generate
> electricity from hydrogen or ethanol, have been around for decades.
> However, the technology to make them has not yet been proven and it
> remains several years from widespread commercial application.
> In April this year, the fuel cell specialist ITM Power was one of the
> relative heavyweights among renewable energy companies because it had
> found a way to make it cheaper to produce some of the important
> components in hydrogen fuel cells.
> However, as it became clear this technology would take years to come
> to market, the company's value fell from 140m to 125m.
> Renewable energy in general is poised to receive more investment in
> 2007, according to Mr Woodroffe of Fortis. "I'd say this will be one
> of the big growth markets, definitely."
> Venture capitalists are also taking a keen interest. Mark Kerr, a
> director at 3i, which last month invested EUR30m in Electrawinds of
> Belgium, says: "The economics of renewable energy are more compelling
> than the economics of traditional power generation opportunities from
> a venture capital perspective, because traditional power is a mature
> industry but renewable has huge opportunities for growing companies."
> He said he also expectedto see consolidation in the renewable
> industry, whichis characterised by a large number of small companies
> and a few big energy companies that dabble in renewable energy.

Could be a good time to jump in - S.P. is as low as its probably going to get and in the tick up to 2008 and commercialisation the shares should rocket

Picked up some over last few days, this time though I'm not trading out. This time its for real...............................well, it could be

Ha! Ha! We're all hoping so Confidant :-)

Buyer in, looks to have set new base level for stock -- back to 150p?

Your`e probably right Confidant
Some severe fluctuations today.........up and down......this cannot be down to shorting so there`s only one conclusion...............somebody is trying to buy consistently on the cheap.............this could go on for weeks but the key factor is that the dominant trend seems to be up.......... the daily sp movement after Wall St opens may be worth studying .........if the US and canadian cos who sell onboard electrolysers have seen the Piper Jaffray presentation......they must be wetting themselves at the prospect of being undercut by 50% by a co whose margin would still be well over 100%

Price behaviour of this stock today looks to be A+. There is a buyer there taking up the loose stock. Just need some news now and the upside should move to 180 from 160

ITM looking very cheap at 115p now.

Seems to be same old story --- so difficult to value so jumps on good news just to drift back -- very nice to trade

These levels have seen bottom before . Given money raising at 320p and underlying IP rating looks extremely low but until there are tie ups with milesone payments or some sort of commercialisation of product probably more of the same

Moving on up to 120p today and I would say this is still a strong BUY.

Hope investors are familiar with this broker tip report :-)

http://zenergypower.com/pdf/press-en/Top%20Picks%20for%202007%20-%20January%202007.pdf

Bit of a break-out from recent sub 130 these rallies seem to conk out at 155 without an RNS and I can't see that happening because of the recent director dealing

apparantly a small broker has put out a note saying mid-case stock target is 6.!!! Poor case 3 !!!!! All goes well ......... 12. Hence last few days I guess

"All goes well 12" - that'd do me!!

Confidant. Did you just hear that by word of mouth or do you have a link to confirm?

Mmm. Just to step in I remember a large broker, cannot place the name, seeing ITM as the next Shell, giving it a price target of 12.

Its always a good buy IMO around 100 - 105 to grab a 50p gain in a few weeks and then sell.

I Wonder if Panmure are still their nominated broker/advisor

Alternative Energy: ITM Power (ITM: 110p) We believe ITMPower possesses one of the most interesting alternative energytechnologies available to investors as its technology enables a hydrogen economy that is cost competitive with fossil fuels. With commercial production, revenues and profitability possible far sooner than widelyunderstood (18-32 months), ITM is a bargain at these levels. We have price targets of 325p (1-year) and 1,000p (24-months). (John-Marc Bunce