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ITM Power ( (GB:ITM) ) has shared an announcement.
ITM Power has raised its revenue guidance for the 2026 financial year to a range of £40m to £43m, representing an 11% midpoint increase from its previous outlook of £35m to £40m. The uplift is attributed to strong project execution and the adoption of a percentage-of-completion accounting method, which allows revenue to be recognised over the life of contracts, including recently secured deals.
Despite the higher revenue expectations, ITM Power is maintaining its adjusted EBITDA and cash guidance, signalling confidence in cost control and balance sheet stability. Management highlighted continued growth in the firm contract backlog and a robust pipeline of sales activity, underscoring the company’s strengthening commercial position in the green hydrogen equipment market and offering reassurance to investors about operational momentum.
The most recent analyst rating on (GB:ITM) stock is a Hold with a £60.00 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 score is held down primarily by weak financial performance (persistent losses and negative operating/free cash flow) and a bearish technical trend with the price below major moving averages. These are partially offset by earnings-call evidence of operational progress (record H1 revenue, improving backlog quality, reiterated growth guidance) and a low-leverage balance sheet, but near-term profitability and cash timing risks remain significant.
To see Spark’s full report on GB:ITM stock, click here.
More about ITM Power
ITM Power, founded in 2000 and listed on London’s AIM market since 2004, is a UK-based manufacturer of proton exchange membrane electrolysers used to produce green hydrogen from renewable electricity and water. Headquartered in Sheffield, the company focuses on enabling net-zero energy solutions by supplying technology for the emerging green hydrogen economy.
Average Trading Volume: 2,037,952
Technical Sentiment Signal: Sell
Current Market Cap: £366.7M
For an in-depth examination of ITM stock, go to TipRanks’ Overview page.