ITM Power (LON:ITM) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of ITM Power (LON:ITM) in a research note released on Thursday morning, Marketbeat Ratings reports. They currently have a GBX 100 target price on the stock.

Several other research firms have also recently issued reports on ITM. Jefferies Financial Group raised their target price on ITM Power from GBX 60 to GBX 115 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. UBS Group reissued a “neutral” rating and set a GBX 60 price objective on shares of ITM Power in a research report on Friday, January 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 91.67.

ITM Power Price Performance

ITM Power stock opened at GBX 62.60 on Thursday. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company has a 50-day moving average price of GBX 66.45 and a 200 day moving average price of GBX 70.44. ITM Power has a 12-month low of GBX 25.08 and a 12-month high of GBX 98.45. The stock has a market cap of £385.72 million, a P/E ratio of -8.46 and a beta of 2.03.

ITM Power (LON:ITM) last posted its earnings results on Thursday, January 29th. The company reported GBX (2.30) earnings per share for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. Sell-side analysts anticipate that ITM Power will post -8.9214682 earnings per share for the current year.

Insider Buying and Selling

In other ITM Power news, insider Simon Bourne purchased 466 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of GBX 64 per share, with a total value of £298.24. Also, insider Dennis Schulz purchased 466 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of GBX 64 per share, with a total value of £298.24. Insiders purchased 1,792 shares of company stock valued at $119,656 in the last 90 days. Company insiders own 8.73% of the company’s stock.

Key Headlines Impacting ITM Power

Here are the key news stories impacting ITM Power this week:

• Positive Sentiment: Half‑year revenue rose and management reaffirmed full‑year guidance; the firm says orders are building, which supports future revenue growth. ITM Power celebrates half-year revenue boost, reaffirms guidance
• Positive Sentiment: ITM narrowed EBITDA and first‑half losses in part by cutting unprofitable “legacy” contracts — a cost‑discipline move that should improve margins over time. ITM Power: Yorkshire hydrogen firm narrows EBITDA losses as it cuts unprofitable ‘legacy’ contracts
• Positive Sentiment: Broker support: Berenberg reiterated a “buy” and set a GBX 100 price target — a positive signal for mid‑term upside if execution continues. Digital Look (Berenberg rating)
• Neutral Sentiment: Multiple outlets characterise the H1 results as “in‑line” — revenue up, losses narrowing, and the company reiterating its full‑year outlook; progress is real but incremental. ITM Power reports in-line H1 results, reiterates full-year outlook
• Neutral Sentiment: Analyst commentary (Investors Chronicle) labels ITM a “work in progress” — acknowledges potential but highlights execution and profitability risks. ITM Power remains a work in progress
• Negative Sentiment: Profitability remains weak: quarterly EPS was GBX (2.30), net margin about −164.9% and ROE −9.97% — continued losses limit near‑term upside and keep the stock risky. MarketBeat: ITM quarterly results

ITM Power Company Profile

ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange’s AIM market in 2004.

Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.