ITM Power Plc (LON:ITM – Get Free Report) insider Simon Bourne bought 169 shares of the stock in a transaction dated Thursday, October 15th. The stock was purchased at an average cost of GBX 89 per share, with a total value 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 purchased at an average price of GBX 99 per share, with a total value of £150.48.
ITM Power Trading Up 0.2%
Shares of ITM opened at GBX 86 on Wednesday. The company has a quick ratio of 7.56, a current ratio of 2.73 and a debt-to-equity ratio of 5.87. ITM Power Plc has a 12-month low of GBX 57.90 and a 12-month high of GBX 219.80. The firm has a market capitalization of £593.57 million, a PE ratio of -17.20 and a beta of 2.82. The stock’s fifty 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 announced its quarterly earnings data on Monday, October 19th. The company reported GBX (4) EPS for the quarter. ITM Power had a negative return on equity of 11.09% and a negative net margin of 57.26%. As a group, research analysts predict that ITM Power Plc will post -8.92 earnings per share for the current year.
Key Stories Impacting ITM Power
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
Analyst Ratings Changes
Several equities research analysts have recently commented on ITM shares. JPMorgan Chase & Co. lifted their price target 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. Peel Hunt restated a “hold” rating and issued a GBX 92 price objective on shares of ITM Power in a report on Thursday, October 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of ITM Power in a research note on Monday, October 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 4,086.40.
Read Our Latest Stock Analysis on ITM Power
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.
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