ITM Power: Shares in green hydrogen specialist skyrocket Business Shares in ITM Power soared on Tuesday after the green hydrogen specialist hiked full-year guidance for revenue and cash generation. The London-listed firm said it expects annual revenue of between £25.5m and £26.5m, a 30 per cent increase on its prior forecast of £18m and £22m. It also lifted forecasts for cash generation to between [...]
ITM Power stock price drops after disappointing forward guidance Energy Green hydrogen firm ITM Power’s revenue tripled from £5.2m last year to £16.5m, but the group’s stock price was hit by a downgrade in forward guidance. The power company made an adjusted operating loss of £30.4m over the last year, it reported in its preliminary results, down from a whopping £94.2m in the previous year. [...]
Green hydrogen specialist ITM Power expects to halve losses amid threefold revenue rise Energy Green hydrogen producer ITM Power said it expects to cut losses by more than half in its full-year results, alongside a threefold rise in revenue.