ITM Power Seeks Block Listing to Cover Deferred Bonus Share Awards

ITM Power ( (GB:ITM) ) just unveiled an update.

ITM Power has applied for a block listing of 368,836 new ordinary shares on London’s AIM market, reserving them to satisfy future exercises of share options and vested awards under its Deferred Bonus Plan. The new shares, which will rank pari passu with existing equity, are expected to be admitted to trading on 16 April 2026, modestly expanding the company’s share capital to accommodate staff incentive schemes without an immediate fundraising.

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 ITM Stock

According to Spark, TipRanks’ AI Analyst, 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 ITM stock, click here.

More about ITM Power

ITM Power is a UK-headquartered manufacturer of industrial-scale electrolysers for green hydrogen production, using proprietary PEM technology and vertically integrated manufacturing to deliver standardised, high-performance hydrogen plants. The AIM-listed company serves industrial and energy customers seeking to decarbonise, and also offers hydrogen supply via its build-own-operate Hydropulse model, qualifying for London Stock Exchange’s Green Economy Mark.

Average Trading Volume: 2,533,487

Technical Sentiment Signal: Hold

Current Market Cap: £440.5M

For a thorough assessment of ITM stock, go to TipRanks’ Stock Analysis page.