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ITM Power
(LSE:ITM)
ITM Power (ITM) vs. S&P 500 (SPY)
ITM Power Business Overview & Revenue Model
ITM Power Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 16.51M | 5.23M | 5.63M | 4.28M | 3.29M | Gross Profit |
| -16.66M | -83.01M | -34.32M | -14.74M | -18.54M | EBIT |
| -38.01M | -100.83M | -44.70M | -24.66M | -22.86M | EBITDA |
| -20.19M | -95.11M | -42.93M | -23.98M | -26.67M | Net Income Common Stockholders |
| -27.22M | -101.20M | -46.69M | -27.70M | -29.56M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 230.35M | 283.33M | 366.18M | 177.13M | 41.00M | Total Assets |
| 381.78M | 402.32M | 458.17M | 229.07M | 83.17M | Total Debt |
| 12.70M | 7.81M | 7.15M | 6.49M | 6.53M | Net Debt |
| -217.64M | -275.52M | -359.03M | -170.64M | -34.48M | Total Liabilities |
| 113.06M | 106.81M | 63.21M | 31.62M | 27.43M | Stockholders Equity |
| 268.72M | 295.51M | 394.95M | 197.45M | 55.75M |
| Cash Flow | Free Cash Flow | |||
| -65.08M | -83.11M | -49.01M | -32.01M | -22.62M | Operating Cash Flow |
| -50.58M | -67.99M | -37.85M | -20.06M | -11.95M | Investing Cash Flow |
| -795.00K | -15.46M | -15.38M | -12.49M | -11.15M | Financing Cash Flow |
| -891.00K | -95.00K | 243.13M | 168.72M | 57.83M |
ITM Power Technical Analysis
ITM Power Peers Comparison
ITM Power Corporate Events
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.
ITM Power PLC has announced that its Executive Directors have participated in the Buy as You Earn Share Incentive Plan, purchasing shares that are matched by the company on a one-for-one basis. This initiative highlights ITM Power’s commitment to aligning the interests of its management with shareholders, potentially strengthening internal stakeholder engagement and supporting its market positioning in the hydrogen energy sector.
ITM Power has secured a contract to provide four NEPTUNE V units, totaling 20MW, to La Française de l’Energie for the Hydrogen Hub Agder project in Norway. This facility will serve the maritime industry with green hydrogen, starting operations in 2026, and signifies a strategic foothold in the Nordic green hydrogen market.
ITM Power PLC announced the granting of awards over ordinary shares to certain employees under its Long Term Incentive Plan (LTIP). These awards are structured as nominal cost options with a three-year vesting period followed by a two-year holding period. Performance conditions tied to these awards include growth in the company’s total shareholder return, financial metrics, sales order intake, and project execution. This initiative aims to align employee incentives with the company’s strategic goals, enhancing stakeholder value and potentially strengthening ITM Power’s position in the energy market.
ITM Power PLC has reported significant progress in its interim results for the six months ending October 2024, showcasing an increase in revenue to £15.5 million and a reduction in adjusted EBITDA losses to £16.8 million. The company’s contract backlog reached a record high of £135 million, driven by new projects such as the Shell REFHYNE II 100MW project and significant capacity reservations. ITM Power’s operational improvements, including a 98% first-time-pass rate for its factory acceptance tests, and a strong sales pipeline, particularly for its NEPTUNE V product, position the company optimistically for the future. The company’s advancements in technology, including a 40% reduction in iridium loading, further enhance its competitive edge in the market.
ITM Power PLC has entered into a contract with a European energy company to develop a standard design for a 10MW green hydrogen production plant using its NEPTUNE V systems. This collaboration aims to support the UK’s goal of reaching 6GW installed capacity of green hydrogen by 2030, and highlights ITM’s industry leadership and the rapid deployment capabilities of their technology.
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 buy shares monthly with the company matching purchases, reflecting ITM Power’s commitment to aligning management interests with those of stakeholders, potentially enhancing shareholder value and trust.
ITM Power PLC has announced that its interim results for the six months ending 31 October 2024 will be released on 30 January 2025. A presentation for analysts and investors will be held on the same day, allowing current and potential shareholders to engage directly with the company’s leadership, signaling transparency and ongoing commitment to stakeholder communication.
ITM Power PLC has announced the appointment of Matthias von Plotho as a Non-Executive Director, replacing Jürgen Nowicki who resigned as Linde’s board representative. Matthias, with extensive experience in finance and strategic roles at Linde, is expected to enhance ITM’s operations and maintain strong ties with its largest shareholder, Linde, which holds a 16.2% stake in the company.
ITM Power has secured a contract to supply three NEPTUNE V units, totaling 15 MW, to a private German company. These units, designed for mid-sized projects, utilize ITM’s TRIDENT stack technology and are set to be deployed in 2026 for green hydrogen production at refueling stations in Germany. The contract highlights ITM Power’s growing reputation as a reliable supplier in the hydrogen production industry, with customer interest surpassing expectations.
ITM Power has secured a Front-End Engineering Design (FEED) contract for a 50MW green hydrogen production site in the EU, utilizing its NEPTUNE V units. This project, expected to produce approximately 5,000 tonnes of green hydrogen annually starting in 2027, highlights ITM Power’s strategic positioning in the growing mid-sized green hydrogen market.
ITM Power PLC has announced the purchase and award of shares to its Executive Directors under the Buy as You Earn Share Incentive Plan. This initiative, allowing employees to acquire shares with a matching purchase from the company, reflects ITM Power’s strategy to align management interests with shareholder value, potentially strengthening its market position and stakeholder confidence.