#ITM 🆙 +7%✅69p✅
#ITMPower PLC :
✅£40 million strategic investment by Great British Energy and
✅£46.5 million grant from DESNZ
to enable a 1 GW Chronos manufacturing line in the UK
www.londonstockexchange.com/news-article... #NetZero #CleanEnergy

Thanks for the post, @tixhonjm.bsky.social .

The ITM Power info does not mention whether the €50MM is an installed cost or just a hardware cost...this says "excludes site-specific expenses such as installation and civil works."
#H2 #hydrogen #ITMPower #electrolysis #electrolyzer

#ITM🆙 +7%✅85p✅
✅Ytd $ITM +138%✅ I hold $ITM.L✅
♻️Neptune V
✅ #ITMPower signed a FEED contract for a project which has been shortlisted in the UK's HAR2

Dennis Schulz, CEO, "We are delighted to have signed the FEED contract for yet another UK HAR2 project" www.londonstockexchange.com/news-article...

ITM’s new plant-building subsidiary brings industrial gas playbook to green hydrogen ITM claims the subsidiary will offer “green hydrogen as a service” without capex, technology risk or operational burden for the offtaker.

#ITMpower #HAAS

ITM Power reports solid FY25 results with growing order backlog Investing.com -- ITM Power (LON:ITM) on Thursday reported preliminary FY25 results in line with expectations, showing a significant increase in order backlog to £145.1 million, up from £135.3 million at the interim stage and £79.7 million in FY24. The company’s revenue grew 58% year-over-year to £26 million, matching consensus estimates of £26.1 million and falling within the company’s guidance range of £25.5-26.5 million. Adjusted EBITDA came in at a loss of £33 million compared to a £30.4 million loss in FY24, slightly better than consensus expectations of a £33.4 million loss. ITM Power ended the fiscal year with a cash position of £207 million, down from £230 million at the end of FY24, reflecting what the company described as strict cost discipline and operational efficiency measures. Approximately 60% of the current order backlog is derived from profitable contracts, with the remaining 40% consisting of legacy contracts. The company expects to recognize about half of these legacy contracts in revenue during FY26. Looking ahead, ITM Power provided FY26 guidance with sales projected between £35-40 million, below consensus estimates of £42 million. The company expects an EBITDA loss between £27-29 million, better than consensus expectations of a £31 million loss. Cash is forecast to be £170-175 million at year-end, above consensus of £162 million. Capital expenditure for FY26 is expected to be £10-15 million, with a similar increase in working capital. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if ITM is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Click Subscribe #ITMPower #FY25Results #GrowingOrderBacklog #SustainableEnergy #GreenTechnology

#ITM🆙 +14%✅ 41p✅
✅ #ITMPower signed an agreement with a customer, confirming selection as the supplier of over 300MW of electrolysers to produce green hydrogen for use in a power plant in the APAC region, thereby avoiding carbon emissions.
👍I hold $ITM
www.londonstockexchange.com/news-article...

ITM Power shares surge on major contract win Investing.com -- Shares of ITM Power PLC (LSE:ITM) leaped 14.2% following the announcement that the company has secured a contract to supply over 300MW of electrolyser equipment for a significant green hydrogen project in the Asia-Pacific region. This deal, considerably larger than the current norm of sub-50MW contracts, is expected to generate substantial revenue and confirms ITM Power’s growing momentum in the industry. The undisclosed project, which has already secured funding approval and is awaiting a final investment decision (FID), involves the decarbonization of a thermal power plant. The client aims to use renewable energy to produce green hydrogen, which will then be utilized to generate electricity with a reduced or neutral carbon footprint. This development marks a considerable stride forward for ITM Power, which has been recognized by RBC Capital Markets as a new sector preference following their first-quarter wrap and fiscal year themes report. RBC analysts have estimated that the contract could yield revenue in the range of £125-250 million for ITM Power from the end of April 2028, assuming the FID is confirmed in the fiscal year 2026. While this forecast does not impact RBC’s valuation of the company, as they base electrolyser manufacturers’ worth on a two-year forward sales multiple, it is undeniably a positive and significant announcement. It underscores the commercial and operational progress of the Sheffield-based manufacturer and supports RBC’s choice of ITM as a sector favorite. RBC said ITM Power has emerged as its new sector preference, citing a series of recent landmark contracts that suggest the company is regaining credibility in the challenging electrolyser market. The broker noted that ITM’s improved commercial offering strengthens its position within RBC’s Green Hydrogen investment framework, leading it to reiterate its Outperform rating. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Click Subscribe #ITMPower #HydrogenEnergy #GreenHydrogen #InvestmentNews #StockMarket