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. [...]
