Key Points
- Insider buying: ITM Power director Simon Bourne purchased 169 shares at 89 pence each, worth approximately £150, following a similar purchase in September. The transaction is a modest indication of management confidence but is unlikely to materially affect the stock.
- Losses persist: ITM reported quarterly EPS of negative 4 pence, a net margin of negative 57.26%, and negative return on equity of 11.09%; analysts expect a full-year loss of 8.92 pence per share.
- Mixed outlook: Analysts’ consensus rating is “Hold,” with two Buy and three Hold recommendations, while price targets range from 80 to 200 pence. Shares opened at 86 pence, well below their 52-week high of 219.80 pence.
ITM Power Plc (LON:ITM - Get Free Report) insider Simon Bourne bought 169 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of GBX 89 per share, for a total transaction of £150.41.
Simon Bourne also recently made the following trade(s):
- On Tuesday, September 15th, Simon Bourne bought 152 shares of ITM Power stock. The shares were bought at an average price of GBX 99 per share, with a total value of £150.48.
ITM Power Stock Up 0.2%
Shares of ITM opened at GBX 86 on Wednesday. The firm has a market cap of £593.57 million, a P/E ratio of -17.20 and a beta of 2.82. The company has a debt-to-equity ratio of 5.87, a quick ratio of 7.56 and a current ratio of 2.73. ITM Power Plc has a 52 week low of GBX 57.90 and a 52 week high of GBX 219.80. The firm's 50-day simple moving average is GBX 101.14 and its 200 day simple moving average is GBX 118.64.
ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings data on Monday, October 19th. The company reported GBX (4) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 11.09% and a negative net margin of 57.26%. On average, analysts forecast that ITM Power Plc will post -8.92 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ITM has been the subject of several research reports. Berenberg Bank reissued a "buy" rating and set a GBX 200 price target on shares of ITM Power in a report on Monday, October 12th. JPMorgan Chase & Co. boosted their price target on ITM Power from GBX 60 to GBX 80 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Peel Hunt reaffirmed a "hold" rating and issued a GBX 92 price objective on shares of ITM Power in a 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 4,086.40.
Read Our Latest Stock Report on ITM Power
More ITM Power News
Here are the key news stories impacting ITM Power this week:
- Positive Sentiment: Annual revenue increased 68% to a record £43.6 million, while losses narrowed by approximately £13 million. Management is targeting £50 million–£60 million of revenue in FY2027, signaling continued commercial growth in its electrolyser business. ITM Power Reports 68% Revenue Growth ITM Power Cuts Losses
- Positive Sentiment: A reported £86.5 million state backstop, alongside an ambition to supply a 150MW refinery project, supports ITM Power’s funding position and potential order pipeline. The development may reassure investors concerned about financing large hydrogen projects. ITM Power State Backstop and Refinery Ambition
- Neutral Sentiment: Director Simon Bourne purchased 169 shares at an average price of 89 pence, worth about £150. The transaction is technically supportive of management confidence, but its small size is unlikely to materially affect valuation or trading. Insider Simon Bourne Acquires Shares
- Negative Sentiment: ITM Power remains loss-making: quarterly EPS was negative 4 pence, with a reported net margin of negative 57.26% and return on equity of negative 11.09%. Analysts expect a full-year loss, so investors continue to face execution and path-to-profitability risks. ITM Power Earnings Results
ITM Power Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
