ITM Power’s share price has pulled back. Should I buy the stock now?

first_img Our 6 ‘Best Buys Now’ Shares ITM Power’s share price has pulled back. Should I buy the stock now? Edward Sheldon has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Edward Sheldon, CFA | Friday, 19th March, 2021 | More on: ITM Like this one… Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. 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Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” Shares in clean-energy company ITM Power (LSE: ITM) have pulled back recently. Since late January, its share price has fallen about 35%. However, the stock is still up about 330% over the last year.Has the ITM share price weakness created a buying opportunity for me? Let’s take a look at the investment case.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…ITM Power shares: the bull caseIn today’s world, in which sustainability is very much in focus, ITM Power appears to have a lot of growth potential. It specialises in hydrogen energy solutions designed to take excess energy from the power network, convert it into hydrogen, and then use this clean energy in various applications.ITM Power says its clean energy will be used in three main areas – Mobility, Power-to-X, and Industry. It adds that there are multiple application areas within each area, all of which are acknowledged to be growing rapidly and requiring systems of ever-larger capacities.The company readily provides a more detailed look at some of its key markets and given the wide range of applications, ITM could play a key role in the UK’s shift towards net zero carbon emissions.It’s worth noting analysts expect the firm’s revenues to surge in the years ahead. For the financial year ending 30 April, revenue is expected to rise nearly 90% to £6.16m. Meanwhile, for the year ending 30 April 2022, revenue is expected to increase nearly 400% to £30.1m. This is very encouraging. That’s an impressive level of growth.My concernsHowever, I do have some reservations about investing in ITM Power shares. My first concern is in relation to the stock’s valuation. Even after the recent share price pullback, ITM sports a huge market capitalisation. Currently, it’s around £2.4bn. That equates to a forward-looking price-to-sales ratio of around 80, using next year’s revenue forecast.That valuation seems very high to me. And high valuations add risk. We’ve seen recently that stocks with high valuations and no earnings can be crushed in a sell-off.My second concern is ITM Power is still losing a lot of money. In the company’s half-year results for the period ended 31 October, it reported a loss from operations of £12m, up from a loss of £9.8m in the same period a year earlier.Analysts expect the company to generate net losses of £19.5m this financial year and £10.1m next financial year. I generally avoid unprofitable companies these days because I’ve found they often turn out to be poor long-term investments.ITM Power shares: my viewWeighing everything up, I’m going to keep ITM Power shares on my watchlist for now. The company certainly looks interesting. However, the valuation looks excessive, to my mind. And the fact that the company isn’t making any money adds considerable risk to the investment case.All things considered, I think there are plenty of other growth stocks that are a better fit for my portfolio right now. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address See all posts by Edward Sheldon, CFAlast_img read more

Ocean City Primary School Teacher Randall Kohr Wins Prestigious Emerging Leader Award

first_imgPrimary School Teacher Randall Kohr  The Ocean City School District is proud to announce that one of its own, primary school teacher Randall Kohr, was chosen as winner of the 2017 Emerging Leader award by the International Society for Technology in Education (ISTE). Mr. Kohr will be honored in June at the ISTE 2017 Conference & Expo in San Antonio, Texas.“Randall Kohr is one of the most talented technology teachers in the teaching profession,” said Dr. Kathleen Taylor, the district’s superintendent. “As a computer science teacher, he uses best practices in technology education to establish a dynamic learning environment for his Kindergarten through third grade students. Best of all, Randy has all of his students engaged in designing and creating innovative projects using digital tools and resources to demonstrate what they know and can do.”“I am beyond proud of the experiences and skills our students developed in the lab this year and am excited that our program, school, and district are being recognized,” said Kohr, a computer science teacher. “The ISTE conference and awards ceremony is known as the mecca of technology resources for educators and will be a great opportunity to explore emerging ideas and curriculum.”ISTE serves educators committed to empowering connected learners in a connected world. Through its award program, ISTE showcases the inspiring accomplishments of outstanding individuals who are making a difference in education. The Emerging Leader Award honors individuals from around the world under the age of 35 who demonstrate vision, innovation, action and transformation using technology to improve learning and teaching.“Awardees demonstrate that they’ve made an impact on students and the education community, actively share ideas and continually strive to improve their professional work. Mr. Kohr embodies these traits,” wrote Richard Culatta, chief executive officer of ISTE in a letter to the district. “Mr. Kohr will be honored for his unwavering commitment to academic achievement for all students. I’m confident Ocean City Primary School has benefited tremendously from Mr. Kohr’s contributions.”last_img read more

Growing Garden Seeds

first_imgHis strategy worked for two reasons, said Darbie Granberry, a University of Georgiahorticulturist. One, the beans he bought happened to be from an open-pollinatedvariety. And two, dried beans are harvested much the way you need to pick them ifyou want to save seeds from your own garden. In special cases involving heirloom or hard-to-find cultivars, you may need to saveseeds to keep a supply. A south Georgia gardener not noted for grocery shopping made a special trip to thesupermarket last spring. He brought home a package of dried beans. Even open-pollinated varieties may not be worth the trouble of saving seeds. “You just don’t know whether the beans might have come from a hybrid cultivar,” hesaid. “And if they did, it can be a disaster.” “They will probably be nothing like the hybrid parent from which you saved theseeds,” he said. “Don’t waste time by saving seeds from hybrids.” To save seeds from your garden, pick them only after they’re fully ripe, Granberrysaid. For seeds in fleshy fruits, that usually means when the fruit itself is fully ripe.For summer squash, eggplants and cucumbers, this would be two to three weeks afterthey’re ready to eat. “Edible seeds such as corn, peas and beans usually need to ripen several weeks beyondthe tender eating stage,” he said. The seeds will store best in the freezer. But make sure they’re properly dried and in amoisture-proof container. And when you take them out, allow them to warm up beforeyou handle them. Frozen seeds are fragile. Producing a hybrid cultivar requires specific cross-breeding, he said. The seeds fromthis planned crossing are genetically unique. They can’t be reproduced except byrepeating the cross, using the same inbred lines as parents. “Seeds from open-pollinated cultivars will be true to type,” he said, “if they haven’tbeen cross-pollinated with other, different cultivars.” “Seed costs for a garden are usually nominal,” Granberry said. “Saving good-quality,disease-free seeds may require considerable time and effort. And the quality of thesaved seeds is usually less than that of new, commercially prepared seeds.” To be sure you get true-to-type seeds, he said, plant only one cultivar of a specificvegetable. Or vary the planting dates so different cultivars don’t flower at the sametime. You can keep the seeds of self-pollinating cultivars (including beans, peas andtomatoes) genetically pure by planting them 150-200 feet apart. “We don’t normally recommend planting dried beans from the grocery store,” saidGranberry, a vegetable scientist on the Tifton, Ga., campus of the UGA College ofAgricultural and Environmental Sciences. Separate mature seeds from the fruit, cob, hull or other tissue. Then dry them. Rinseseeds from fleshy fruits with water and allow them to dry on paper towels. Bean andpea seeds are best left to dry in the pods. Store the dry seeds in a moisture-proofcontainer at room temperature or cooler. “I like these,” he told his wife. “I’m going to plant them.” And all this summer, asthey picked those delicious beans, she had to admit he wasn’t crazy after all. “Collected, dried and stored properly, most garden seeds will germinate well for one tothree years,” Granberry said. “Onion seeds, though, may remain viable for only eightto 10 months.” If you plant the seeds of the hybrids, you can’t predict the kind of plants you’ll get. “Insect-pollinated plants usually cross-pollinate unless they’re about a quarter-mileapart,” he said. “That’s not feasible for most gardeners.” As for dried beans from the grocery store, it’s best to look for some commercial seeds.”If you can’t find them, though, give it a try,” he said. “It might work out OK.”last_img read more

Long Island Man’s Alleged al Qaeda Recruiters Charged

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Federal prosecutors Tuesday unsealed a five-year-old criminal complaint accusing two Yemeni nationals of fighting for al Qaeda and helping Long Island-native Bryant Neal Vinas join the terrorist group in 2008.Saddiq Al-Abbadi, also known as Sufiyan al-Yemeni, and Ali Alivi, who also goes by the name Issa al-Yemeni, were both charged with conspiracy to murder United States nationals abroad and providing material support to al Qaeda. The federal complaint has been sealed since April 15, 2009.“There’s no escape from the reach of our law for violent terrorists, especially if they target our military,” Loretta Lynch, U.S. Attorney for the Eastern District of New York, said in a statement.The pair was arrested in Saudi Arabia and brought to the US for trial, but the details of their apprehension and extradition were not available. Alvi appeared in federal court in Brooklyn on Sunday. Al-Abbadi’s first appearance is scheduled for Tuesday.Al-Abbadi and Alivi were both members of al Qaeda when they fought U.S. military forces stationed in Afghanistan, according to the court documents. In March 2008, the men traveled to the tribal areas of Pakistan, where they hoped to train and fight with al Qaeda, according to the federal complaint. It was during that time that they met Vinas and helped him join al Qaeda, court documents state.Credit: Federal Detention LetterVinas, who was raised Roman Catholic in Patchogue, was arrested by Pakistani police in 2008 and brought back to the United States. He has since pleaded guilty to helping the group plan an attack on the Long Island Rail Road. Vinas is one of four Long Islanders federal authorities have linked to al Qaeda: two were arrested before traveling abroad, and another, Samir Khan, was never indicted but he was killed in a drone strike in Yemen.It has been widely reported that Vinas, who still has yet to be sentenced, has been cooperating with authorities since 2008. The federal complaint is largely built on testimony from an unnamed cooperating witness who traveled to Pakistan in 2007 intending to join al Qaeda but was initially rebuffed by the organization. But Vinas is named in a federal detention letter associated with the case.In December 2007, the unnamed witness was taken to an al-Qaeda safe house in South Waziristan and vetted for admission, according to court documents. Alvi was also in attendance. An al-Qaeda leader suspected that the witness was a spy and refused his request to join the group.In March 2008, the federal government’s witness was staying at the same house with both Alvi and Al-Abbadi and learned that they were both members of al Qaeda, according to court documents. Al-Abbadi allegedly boasted about his time on the battlefield to the witness, displaying a scar and playing a video that showed him celebrating along with other fighters after a “successful attack,” the documents state.The two men and the witness apparently bonded. With the pair’s help, the witness had gained entry into al Qaeda, according to court documents. Vinas is the only American named in court documents who joined al Qaeda.During this time, Al-Abbadi and Alvi traveled from Pakistan to Afghanistan to conduct attacks against US military personnel, according to the complaint. Al-Abbadi is accused of leading a battle against US forces in Paktya Province in May 2008. A U.S. Army Ranger was killed and several others were wounded in the battle.Alvi eventually grew dissatisfied with al Qaeda senior leadership and left to join the Taliban. The facts of their arrest are still unclear.last_img read more

We must stand up against hate, division

first_imgAnyone who was not sickened by the flying of the Nazi flag should be reminded over 50 million people died in World War II. Around 6 million Jews died in concentration camps and another 6 million to 8 million people died because of their race or color. If you aren’t appalled at this symbol of hate, seek help.More concerning is that our current president uses the same strategies that gave rise to Hitler: hate, division and criticism of the press. His constant lies and the apathy of the current Republican Party to remove this man from power who was elected on the politics of fear hate and change brings me great concern.So let us remember “The road to Auschwitz was built by hate, but paved with indifference.” Don’t believe it couldn’t happen here. Let us not idly stand by and watch the politics of hate destroy us.You may have voted for change, but instead you have been given hate and division. I implore all those to rethink your position and to stand against the politics of hate and party-before- country before a quote of indifference is written about us.Scott BrysonScotiaMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesSchenectady teens accused of Scotia auto theft, chase; Ended in Clifton Park crash, Saratoga Sheriff…EDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the censusFoss: Should main downtown branch of the Schenectady County Public Library reopen? Categories: Letters to the Editor, Opinion Recently I went and watched the “Diary of Anne Frank” presented by the Scotia Glenville Drama Club. It was an amazing performance and I can say I was moved and saddened by this play.For me it also sparked a quote I remember from years past: “The road to Auschwitz was built by hate, but paved with indifference,” by Ian Kershaw.last_img read more

Nigeria v Congo: Off-field issues overshadow opening…

first_imgNigeria find themselves mired in off-field issues as they prepare to host Congo in their opening Africa Cup of Nations qualifier on Saturday.The reigning champions’ football federation (NFF) landed in hot water with FIFA when the government intervened following the country’s poor performance at the World Cup in Brazil earlier this year. Football’s global governing body subsequently imposed sanctions on the NFF, whose president Aminiu Maigari was arrested upon his return from Brazil, but that ban was lifted when Nigeria’s government relented on their position. However, after NFF elections were held on August 26 while Maigari was being held for questioning, FIFA stated that it did not recognise the result of the vote and originally set a deadline of September 1 to remove those who still claimed to hold positions as a result of the ballot. The FIFA Emergency Committee has since extended that deadline by a week, but warned an immediate suspension will be imposed if their latest request is not met. FIFA’s new deadline falls midway between Nigeria’s opening two qualifiers, with a trip to South Africa next up after Saturday’s home match against Congo, only in the competition following Rwanda’s disqualification for fielding an ineligible player. The issue represents an unwelcome distraction for coach Stephen Keshi, who has faced further difficulties ahead of the Congo fixture.  Villarreal striker Ikechukwu Uche was due to be part of the Nigeria squad for the forthcoming fixtures, but – according to Keshi – asked to be begged to join up with the squad. The request backfired for Uche, who saw his invite to rejoin the national team withdrawn as a result. “He was supposed to be part of the team that is presently in camp but he said we must beg him first to play for Nigeria because he was left out of some competitions,” said Keshi. “But I can’t beg anyone to play for Nigeria, impossible. “That’s why he is not here.”  Uche has moved to deny Keshi’s claims, writing on Twitter: “It’s an honour to play for Nigeria. I don’t expect to be begged or given special treatment. I’m available when/if considered for selection.” Keshi remains in charge of the national team, despite tendering his resignation following the World Cup. As if this fixture did not come with enough off-field drama, the NFF reported Congo to CAF this week over the withholding of travel plans, which the Nigerian body claimed would cause problems with the issuing of visas. Nigeria will be without goalkeeper Vincent Enyeama, who has withdrawn citing family reasons, but fans of both teams will be relieved when Saturday finally comes and off-field politics can give way to 90 minutes of football, as the hosts take their first step towards defending their Cup of Nations crown.last_img read more