ITM Power Reports Strong Revenue and Growth Prospects

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

ITM Power reported a robust revenue performance of £15.2 million for the first half of 2024, alongside a growing sales pipeline and improved EBITDA loss projections. The company remains on track with project deliveries and tight cost management, positioning itself well as customer investment decisions accelerate into 2025. With a strong net cash position of £203 million, ITM Power is poised for continued growth in the green hydrogen sector.

For further insights into GB:ITM stock, check out TipRanks’ Stock Analysis page.