ITM Power Boosts FY25 Revenue Guidance and Cash Position

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

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.

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 based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water.

YTD Price Performance: -19.19%

Average Trading Volume: 2,618,001

Technical Sentiment Signal: Strong Buy

Current Market Cap: £178.1M

See more insights into ITM stock on TipRanks’ Stock Analysis page.