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ITM Power
(LSE:ITM)
ITM Power (ITM) vs. iShares MSCI United Kingdom ETF (EWC)
ITM Power Business Overview & Revenue Model
ITM Power Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 23.16M | 16.51M | 5.23M | 5.63M | 4.28M | 3.29M |
| Gross Profit | |||||
| -18.71M | -16.66M | -83.01M | -34.32M | -14.74M | -18.54M |
| EBIT | |||||
| -48.23M | -38.01M | -100.83M | -44.70M | -24.66M | -22.86M |
| EBITDA | |||||
| -40.76M | -20.19M | -95.11M | -42.93M | -23.98M | -26.67M |
| Net Income Common Stockholders | |||||
| -37.87M | -27.22M | -101.20M | -46.69M | -27.70M | -29.56M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 203.13M | 230.35M | 283.33M | 366.18M | 177.13M | 41.00M |
| Total Assets | |||||
| 354.81M | 381.78M | 402.32M | 458.17M | 229.07M | 83.17M |
| Total Debt | |||||
| 12.62M | 12.70M | 7.81M | 7.15M | 6.49M | 6.53M |
| Net Debt | |||||
| -190.51M | -217.64M | -275.52M | -359.03M | -170.64M | -34.48M |
| Total Liabilities | |||||
| 114.59M | 113.06M | 106.81M | 63.21M | 31.62M | 27.43M |
| Stockholders Equity | |||||
| 240.22M | 268.72M | 295.51M | 394.95M | 197.45M | 55.75M |
| Cash Flow | Free Cash Flow | ||||
| -60.24M | -65.08M | -83.11M | -49.01M | -32.01M | -22.62M |
| Operating Cash Flow | |||||
| -50.06M | -50.58M | -67.99M | -37.85M | -20.06M | -11.95M |
| Investing Cash Flow | |||||
| -29.00K | -795.00K | -15.46M | -15.38M | -12.49M | -11.15M |
| Financing Cash Flow | |||||
| -637.00K | -891.00K | -95.00K | 243.13M | 168.72M | 57.83M |
ITM Power Technical Analysis
ITM Power Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £536.19M | 27.49 | 16.39% | 1.93% | 3.13% | 24.54% | |
74 Outperform | £2.61B | 25.64 | 17.03% | 2.46% | 4.91% | -7.75% | |
74 Outperform | £6.20B | 19.88 | 17.83% | 1.65% | -4.95% | 36.95% | |
72 Outperform | £591.66M | 11.96 | 14.06% | 5.75% | -1.26% | 6.56% | |
71 Outperform | £990.31M | 52.19 | 2.74% | 4.06% | -5.66% | -76.42% | |
65 Neutral | $4.45B | 12.15 | 5.28% | 248.12% | 4.08% | -12.23% | |
55 Neutral | £350.67M | ― | -14.63% | ― | 91.71% | 39.80% |
ITM Power Corporate Events
ITM Power PLC has announced the purchase and award of shares to its Executive Directors under the Buy as You Earn (BAYE) Share Incentive Plan. This initiative allows employees to purchase up to £150 of ordinary shares monthly, with the company matching the purchase one-for-one. The recent transactions involve Simon Bourne, Chief Technology Officer, and Dennis Schulz, Chief Executive Officer, each acquiring 680 shares. This move reflects ITM Power’s commitment to aligning management interests with company performance, potentially strengthening stakeholder confidence and enhancing industry positioning.
The most recent analyst rating on (GB:ITM) stock is a Hold with a £59.00 price target. To see the full list of analyst forecasts on ITM Power stock, see the GB:ITM Stock Forecast page.
ITM Power has been selected as the supplier for a significant project in the Asia-Pacific region, involving the provision of over 300MW of electrolysers to generate green hydrogen for a power plant. This project, which has received local funding approval, is expected to reduce carbon emissions and is pending a Final Investment Decision (FID). This development underscores ITM Power’s growing influence in the green hydrogen sector and its commitment to advancing sustainable energy solutions.
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.
ITM Power has been selected by Uniper for a significant 120MW green hydrogen project, the Humber H2ub® (Green), in the UK. This project, part of the UK’s Hydrogen Allocation Round 2, will utilize ITM’s POSEIDON core electrolysis modules and aims to decarbonize the Humber Refinery while creating skilled jobs in the area. The project is pending a Final Investment Decision expected in 2026, with operations targeted for 2029.
ITM Power has signed a contract to supply a NEPTUNE V unit to Westnetz GmbH, a German distribution system operator. This deal supports the EU’s Clean Vehicles Directive by contributing to an emission-free hydrogen bus fleet by 2030. The NEPTUNE V, a 5MW containerised green hydrogen plant, is recognized for its efficient production capacity and compact design. Since its launch in 2024, ITM Power has secured 45MW of NEPTUNE V contracts, reinforcing its market leadership in containerised green hydrogen solutions.
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.
ITM Power PLC has announced the purchase and award of shares to its Executive Directors under the company’s Buy as You Earn (BAYE) Share Incentive Plan. This initiative allows employees to purchase shares with the company matching the purchase on a one-for-one basis, reflecting ITM Power’s commitment to aligning the interests of its management with those of its shareholders. This move is likely to strengthen the company’s internal stakeholder engagement and promote a culture of ownership among its executives.
ITM Power has entered into a partnership with Deutsche Bahn AG to advance sustainable transportation and infrastructure, focusing on green hydrogen and its derivatives. This collaboration aims to support Deutsche Bahn’s goal of achieving climate neutrality by 2040 through the conversion of its fleet to low and zero-emission vehicles and the development of necessary green energy infrastructure. The partnership will explore decarbonizing technologies, zero-emissions operations, energy resilience, and green energy logistics, potentially impacting the transportation sector’s shift towards sustainability.
ITM Power has been selected by EDF Renewables UK and Hynamics to execute a plant integration engineering package for the Tees Green Hydrogen project, part of the UK’s Hydrogen Allocation Round 1. This project, which previously received funding from the UK’s Net Zero Hydrogen Fund, involves integrating four NEPTUNE II units to supply green hydrogen, aiding in local industry decarbonization and reducing industrial pollution.
ITM Power PLC announced the participation of its Executive Directors in the company’s Buy as You Earn (BAYE) Share Incentive Plan. Under this plan, employees can purchase shares monthly, with the company matching their purchases on a one-for-one basis. For March 2025, both Simon Bourne, Chief Technology Officer, and Dennis Schulz, Chief Executive Officer, acquired 528 shares each, which were matched by the company, resulting in a total of 1,056 shares for each executive. This initiative reflects ITM Power’s commitment to aligning management interests with those of its shareholders, potentially enhancing stakeholder confidence and reinforcing the company’s market position.
ITM Power PLC announced that its Chief Financial Officer, Amy Grey, has purchased 102,455 ordinary shares of the company. This transaction, conducted on the London Stock Exchange, reflects a significant investment by a key executive, potentially indicating confidence in the company’s future prospects.