Money Week makes a compelling case for investment in Hydrogen as the fuel of the future.
Buy recommendations for Ceres Power (Aim:CWR) and ITM Power (Aim: ITM). But both have seen large Director sell offs over the last few months and no Director purchases.
So if the Directors aren't investing why should we?
Article in yesterday's Sunday Telegraph re hydrogen powered busses:
https://www.telegraph.co.uk/business/2020/03/08/jcb-heir-wrightbus-owner-jo-bamfordwe-can-sell-hydrogen-bus/
Having had ITM Power (LON:ITM) on my watchlist for a while I finally took the plunge with a few in January and February as much because this was something I felt should be supported as anything. That's probably a stupid reason to invest?? So far so good and, apart from Gold, Silver and fixed interest the only thing in my portfolio that's still positive for this year,
Amongst all the carnage today, ITM Power (LON:ITM) up over 5%.
I bought Itm Power (LON:ITM) for similar reasons to @Laughton, as part of an effort to build a greener portfolio. I've taken a Long position and had made good gains this year, but about half of that has been erased following the announcement on the 8th about a plummet in total revenue . It has still been kind to me and I'm up around 60% , so I hope I've ridden out the bad news and it will stabilise and then continue to grow.
