🟢 ITM Power is trading 5% up today amid an earlier Berenberg target increase

ITM Power is trading 5.39% higher at £94.85, with an earlier Berenberg target increase the clearest potential catalyst.

• Berenberg reportedly raised its target from 110p to 200p, reiterated Buy and cited longer-term growth opportunities, including the Rheinmetall partnership.
• The report dates the change earlier; it does not confirm it directly drove the October 16 gain.
• ITM Power announced a 150 MW refinery project on October 12; no confirmed company-specific catalyst for October 16 was found.