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ITM Power
(LSE:ITM)
ITM Power (ITM) vs. S&P 500 (SPY)
ITM Power Business Overview & Revenue Model
ITM Power Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 23.16M | 16.51M | 5.23M | 5.63M | 4.28M | 3.29M | Gross Profit |
| -18.71M | -16.66M | -83.01M | -34.32M | -14.74M | -18.54M | EBIT |
| -48.23M | -38.01M | -100.83M | -44.70M | -24.66M | -22.86M | EBITDA |
| -40.76M | -20.19M | -95.11M | -42.93M | -23.98M | -26.67M | Net Income Common Stockholders |
| -37.87M | -27.22M | -101.20M | -46.69M | -27.70M | -29.56M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 203.13M | 230.35M | 283.33M | 366.18M | 177.13M | 41.00M | Total Assets |
| 354.81M | 381.78M | 402.32M | 458.17M | 229.07M | 83.17M | Total Debt |
| 12.62M | 12.70M | 7.81M | 7.15M | 6.49M | 6.53M | Net Debt |
| -190.51M | -217.64M | -275.52M | -359.03M | -170.64M | -34.48M | Total Liabilities |
| 114.59M | 113.06M | 106.81M | 63.21M | 31.62M | 27.43M | Stockholders Equity |
| 240.22M | 268.72M | 295.51M | 394.95M | 197.45M | 55.75M |
| Cash Flow | Free Cash Flow | ||||
| -60.24M | -65.08M | -83.11M | -49.01M | -32.01M | -22.62M | Operating Cash Flow |
| -50.06M | -50.58M | -67.99M | -37.85M | -20.06M | -11.95M | Investing Cash Flow |
| -29.00K | -795.00K | -15.46M | -15.38M | -12.49M | -11.15M | Financing Cash Flow |
| -637.00K | -891.00K | -95.00K | 243.13M | 168.72M | 57.83M |
ITM Power Technical Analysis
ITM Power Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £510.65M | 26.18 | 16.39% | 1.96% | 3.13% | 24.54% | |
76 Outperform | £2.60B | 25.54 | 17.03% | 2.50% | 4.91% | -7.75% | |
70 Neutral | £6.18B | 19.80 | 17.83% | 1.67% | -4.95% | 36.95% | |
67 Neutral | £571.23M | 11.54 | 14.06% | 5.98% | -1.26% | 6.56% | |
66 Neutral | £927.54M | 48.70 | 2.74% | 4.39% | -5.66% | -76.42% | |
64 Neutral | $4.30B | 11.88 | 5.23% | 249.82% | 4.12% | -10.27% | |
46 Neutral | £221.02M | ― | -14.63% | ― | 91.71% | 39.80% |
ITM Power Corporate Events
ITM Power has been selected as the supplier for a significant project in the Asia-Pacific region, involving the provision of over 300MW of electrolysers to generate green hydrogen for a power plant. This project, which has received local funding approval, is expected to reduce carbon emissions and is pending a Final Investment Decision (FID). This development underscores ITM Power’s growing influence in the green hydrogen sector and its commitment to advancing sustainable energy solutions.
Spark’s Take on GB:ITM Stock
According to Spark, TipRanks’ AI Analyst, GB:ITM is a Neutral.
ITM Power’s overall stock score is primarily impacted by its financial difficulties, including persistent negative profitability and cash flow issues. While corporate events show promise for future growth through strategic partnerships, the valuation remains a concern. Technical analysis offers limited support, highlighting mixed signals with a bearish trend but some potential for upward movement.
To see Spark’s full report on GB:ITM stock, click here.
ITM Power has signed a contract to supply its NEPTUNE II electrolyser system to a leading Spanish cement producer. This deployment marks ITM’s first entry into the cement industry, aiming to reduce CO2 emissions by integrating green hydrogen with natural gas in the cement production process. The project is expected to generate revenue in FY26, highlighting ITM’s strategic expansion into industries with significant carbon footprints.
Spark’s Take on GB:ITM Stock
According to Spark, TipRanks’ AI Analyst, GB:ITM is a Neutral.
The overall score reflects ITM Power’s financial challenges, particularly negative profitability and cash flow issues. While strategic partnerships and project wins offer growth potential, financial and valuation concerns significantly weigh down the stock score.
To see Spark’s full report on GB:ITM stock, click here.
ITM Power has been selected by Uniper for a significant 120MW green hydrogen project, the Humber H2ub® (Green), in the UK. This project, part of the UK’s Hydrogen Allocation Round 2, will utilize ITM’s POSEIDON core electrolysis modules and aims to decarbonize the Humber Refinery while creating skilled jobs in the area. The project is pending a Final Investment Decision expected in 2026, with operations targeted for 2029.
Spark’s Take on GB:ITM Stock
According to Spark, TipRanks’ AI Analyst, GB:ITM is a Neutral.
ITM Power’s overall stock score is impacted by its financial struggles, with negative profitability and cash flow issues being the most significant factors. Despite strategic partnerships and improved revenue guidance, the company’s valuation remains a concern due to ongoing losses. Technical indicators are neutral, providing little support to offset financial weaknesses.
To see Spark’s full report on GB:ITM stock, click here.
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.
ITM Power has announced an optimistic update to its FY25 guidance, with expected revenue now ranging between £25.5m and £26.5m, marking a 30% increase from previous estimates. The company has also been net cash generative in the second half of the fiscal year, projecting a year-end cash balance between £204m and £205m. This financial performance underscores ITM Power’s strong position in the competitive landscape, bolstered by a growing contract backlog and sales pipeline as customer final investment decisions accelerate into FY26.
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. Technical analysis indicates a bearish trend with stock trading below key moving averages. However, recent strategic partnerships and executive share purchases provide a positive outlook for future growth. Valuation remains a concern due to ongoing losses.
To see Spark’s full report on GB:ITM stock, click here.
ITM Power PLC has announced the purchase and award of shares to its Executive Directors under the company’s Buy as You Earn (BAYE) Share Incentive Plan. This initiative allows employees to purchase shares with the company matching the purchase on a one-for-one basis, reflecting ITM Power’s commitment to aligning the interests of its management with those of its shareholders. This move is likely to strengthen the company’s internal stakeholder engagement and promote a culture of ownership among its executives.
Spark’s Take on GB:ITM Stock
According to Spark, TipRanks’ AI Analyst, GB:ITM is a Underperform.
ITM Power’s overall score is impacted by its financial struggles, with negative profitability and cash flow issues. Despite strategic partnerships and a record contract backlog, the stock’s technical indicators and valuation point to caution. The company’s future growth prospects are promising but currently overshadowed by operational inefficiencies and market challenges.
To see Spark’s full report on GB:ITM stock, click here.
ITM Power has entered into a partnership with Deutsche Bahn AG to advance sustainable transportation and infrastructure, focusing on green hydrogen and its derivatives. This collaboration aims to support Deutsche Bahn’s goal of achieving climate neutrality by 2040 through the conversion of its fleet to low and zero-emission vehicles and the development of necessary green energy infrastructure. The partnership will explore decarbonizing technologies, zero-emissions operations, energy resilience, and green energy logistics, potentially impacting the transportation sector’s shift towards sustainability.
ITM Power has been selected by EDF Renewables UK and Hynamics to execute a plant integration engineering package for the Tees Green Hydrogen project, part of the UK’s Hydrogen Allocation Round 1. This project, which previously received funding from the UK’s Net Zero Hydrogen Fund, involves integrating four NEPTUNE II units to supply green hydrogen, aiding in local industry decarbonization and reducing industrial pollution.
ITM Power PLC announced the participation of its Executive Directors in the company’s Buy as You Earn (BAYE) Share Incentive Plan. Under this plan, employees can purchase shares monthly, with the company matching their purchases on a one-for-one basis. For March 2025, both Simon Bourne, Chief Technology Officer, and Dennis Schulz, Chief Executive Officer, acquired 528 shares each, which were matched by the company, resulting in a total of 1,056 shares for each executive. This initiative reflects ITM Power’s commitment to aligning management interests with those of its shareholders, potentially enhancing stakeholder confidence and reinforcing the company’s market position.
ITM Power PLC announced that its Chief Financial Officer, Amy Grey, has purchased 102,455 ordinary shares of the company. This transaction, conducted on the London Stock Exchange, reflects a significant investment by a key executive, potentially indicating confidence in the company’s future prospects.
ITM Power PLC has announced that its Executive Directors have participated in the Buy as You Earn Share Incentive Plan, purchasing shares that are matched by the company on a one-for-one basis. This initiative highlights ITM Power’s commitment to aligning the interests of its management with shareholders, potentially strengthening internal stakeholder engagement and supporting its market positioning in the hydrogen energy sector.
ITM Power has secured a contract to provide four NEPTUNE V units, totaling 20MW, to La Française de l’Energie for the Hydrogen Hub Agder project in Norway. This facility will serve the maritime industry with green hydrogen, starting operations in 2026, and signifies a strategic foothold in the Nordic green hydrogen market.