ITM Power Appoints Jürgen Nowicki as New Non-Executive Chair

ITM Power ( (GB:ITM) ) has shared an update.

ITM Power has announced the appointment of Jürgen Nowicki as the new Non-Executive Chair of the Board, effective January 2026, succeeding Sir Roger Bone. Nowicki, with extensive experience in the global hydrogen sector and industrial gases industry, is expected to drive ITM’s growth and innovation in green hydrogen technology. His appointment aligns with ITM’s strategy to scale and commercialize its technology, positioning the company at the forefront of the global energy transition. The transition marks a pivotal moment for ITM Power, as it continues to lead in green hydrogen innovation, enhancing long-term value and accelerating growth.

The most recent analyst rating on (GB:ITM) stock is a Hold with a £59.00 price target. To see the full list of analyst forecasts on ITM Power stock, see the GB:ITM Stock Forecast page.

Spark’s Take on GB:ITM Stock

According to Spark, TipRanks’ AI Analyst, GB:ITM is a Neutral.

The overall stock score of 59 reflects a mixed outlook for ITM Power. The company’s significant financial struggles and poor valuation metrics weigh heavily on the score, despite positive technical indicators and encouraging corporate developments. While the technical analysis suggests strong short-term momentum, the underlying financial health remains a critical concern. The company’s strategic partnerships and contract wins offer potential for future growth, but the persistent financial challenges need to be addressed to improve investor confidence and the stock’s long-term prospects.

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 in 2004, is headquartered in Sheffield, England. The company specializes in designing and manufacturing electrolysers using proton exchange membrane (PEM) technology to produce green hydrogen, a net zero energy gas, utilizing renewable electricity and water.

Average Trading Volume: 4,408,340

Technical Sentiment Signal: Buy

Current Market Cap: £448.8M

See more data about ITM stock on TipRanks’ Stock Analysis page.