ITM Power: Shares in green hydrogen specialist skyrocket

ITM Power shares rocket as green hydrogen specialist hikes guidance

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

ITM Power: Shares in green hydrogen specialist skyrocket

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 £204m and £204m, up from a previous range of £160m and £175m. The stock skyrocketed nearly 20 per cent in early de…

ITM Power boost revenue guidance but remains unprofitable

ITM Power, the Sheffield-based hydrogen specialist, has increased guidance for the year and now expects revenue to reach between £25.5 million and £26.5 million for the full year, representing a substantial 30% increase compared to previous projections of £18 million to £22 million. The company stated that the improved outlook is due to the successful […] The post ITM Power boost revenue guidance but remains unprofitable appeared first on UK Inv…