ITM Power (LON:ITM) Announces Quarterly Earnings Results

ITM Power (LON:ITM) released its quarterly earnings data on Monday. The company reported GBX (4) earnings per share (EPS) for the quarter, Digital Look Earnings reports. ITM Power had a negative return on equity of 11.09% and a negative net margin of 57.26%.

ITM Power Stock Performance

LON:ITM opened at GBX 85.50 on Tuesday. The stock has a market capitalization of £590.12 million, a P/E ratio of -17.10 and a beta of 2.82. The company has a current ratio of 2.73, a quick ratio of 7.56 and a debt-to-equity ratio of 5.87. ITM Power has a 1 year low of GBX 57.90 and a 1 year high of GBX 219.80. The firm has a 50 day moving average of GBX 101.65 and a 200-day moving average of GBX 118.48.

More ITM Power News

Here are the key news stories impacting ITM Power this week:

• Positive Sentiment: Revenue increased 68% to a record £43.6 million, while the annual loss narrowed by approximately £13 million. Management is targeting FY2027 revenue of £50 million–£60 million, signaling continued commercial growth. ITM Power Reports 68% Revenue Growth to £43.6 Million and Targets £50 Million–£60 Million in FY2027
• Positive Sentiment: The company highlighted an £86.5 million state-backed support package and ambitions involving a 150MW refinery project. If converted into firm orders, these developments could strengthen ITM Power’s future revenue visibility and manufacturing utilization. ITM Power’s £86.5 Million State Backstop Meets a 150MW Refinery Ambition
• Neutral Sentiment: Director Simon Bourne purchased 169 shares at 89 pence, worth approximately £150. The purchase provides a modest confidence signal, but its small size is unlikely to materially affect valuation. ITM Power Stock: Insider Simon Bourne Acquires 169 Shares
• Negative Sentiment: ITM Power remains loss-making: quarterly EPS was negative 4 pence, with a net margin of negative 57.26% and return on equity of negative 11.09%. Investors may therefore be taking profits or reducing exposure until revenue growth translates into sustainable profitability. ITM Power Issues Earnings Results

Wall Street Analysts Forecast Growth

ITM has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 200 target price on shares of ITM Power in a research note on Monday, October 12th. JPMorgan Chase & Co. increased their target price on shares of ITM Power from GBX 60 to GBX 80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 92 target price on shares of ITM Power in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ITM Power presently has an average rating of “Hold” and an average target price of GBX 4,086.40.

About ITM Power

ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.

With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.

Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.