ITM Power ( (GB:ITM) ) has provided an announcement.
ITM Power has signed a contract to supply a NEPTUNE V unit to Westnetz GmbH, a German distribution system operator. This deal supports the EU’s Clean Vehicles Directive by contributing to an emission-free hydrogen bus fleet by 2030. The NEPTUNE V, a 5MW containerised green hydrogen plant, is recognized for its efficient production capacity and compact design. Since its launch in 2024, ITM Power has secured 45MW of NEPTUNE V contracts, reinforcing its market leadership in containerised green hydrogen solutions.
Spark’s Take on GB:ITM Stock
According to Spark, TipRanks’ AI Analyst, GB:ITM is a Neutral.
ITM Power faces significant financial challenges with negative profitability and cash flow issues. Despite these struggles, recent corporate events, including strategic partnerships and increased revenue guidance, provide a more optimistic outlook. However, the stock’s valuation remains a concern due to ongoing losses, and technical indicators suggest caution in the current market environment.
To see Spark’s full report on GB:ITM stock, click here.
More about ITM Power
ITM Power, founded in 2000 and listed on the AIM market of the London Stock Exchange since 2004, is headquartered in Sheffield, England. The company specializes in designing and manufacturing electrolysers using proton exchange membrane (PEM) technology to produce green hydrogen from renewable electricity and water.
YTD Price Performance: -13.87%
Average Trading Volume: 2,531,922
Technical Sentiment Signal: Strong Buy
Current Market Cap: £189.8M
Find detailed analytics on ITM stock on TipRanks’ Stock Analysis page.