ITM Power ( (GB:ITM) ) just unveiled an update.
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.
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 designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water.
Average Trading Volume: 2,607,806
Technical Sentiment Signal: Sell
Current Market Cap: £197.3M
For detailed information about ITM stock, go to TipRanks’ Stock Analysis page.