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ITMPF / ITM Power downgraded on warranty fears

ITM Power downgraded on warranty fears
ITM Power has had forecasts for 2024 revenue slashed by 60% to £29mln by US broker Jefferies, which is also predicting a weaker long-term outlook.  Overall, Jeffries forecasts 2023 revenue to be 12% lower than before but warranty issues mean 2024 revenue is expected to be around £29mln against previous forecast of £75mln. Read More
Posted: Nov 15 2022, 11:04
Author Name: Proactive Investors
Views: 111671

ITMPF News  

ITM Power to “redirect” capital after hydrogen divestment

By Proactive Investors
October 20, 2023

ITM Power to “redirect” capital after hydrogen divestment

ITM Power PLC (AIM:ITM) said on Friday that it has completed its sale of Motive Fuels Ltd to an investment firm focused on investing in hydrogen run more_horizontal

ITM Power teams up with the inventor of Gore-Tex as it looks to improve its technology

By Proactive Investors
July 26, 2023

ITM Power teams up with the inventor of Gore-Tex as it looks to improve its technology

ITM Power PLC (AIM:ITM), a leading manufacturer of integrated hydrogen energy solutions, has announced a strategic collaboration with the inventor of more_horizontal

ITM Power: A Turnaround That Isn't Turning

By Seeking Alpha
June 30, 2023

ITM Power: A Turnaround That Isn't Turning

ITM began the year with a new management team and a new turnaround plan. Six months later, the company has little to show for it. The massive net cash more_horizontal

ITM Power: Broker repeats 'buy' after power upgrade

By Proactive Investors
March 14, 2023

ITM Power: Broker repeats 'buy' after power upgrade

Shares in ITM Power PLC (AIM:ITM) jumped 7% after the group inked a deal to increase the power supply to its base at Bessemer Park, Sheffield. “This more_horizontal

ITM Power Plc (ITMPF) Q2 2023 Earnings Call Transcript

By Seeking Alpha
January 31, 2023

ITM Power Plc (ITMPF) Q2 2023 Earnings Call Transcript

ITM Power Plc (OTCPK:ITMPF) Q2 2023 Earnings Conference Call January 31, 2023 4:00 AM ET Company Participants Dennis Schulz - Chief Executive Officer more_horizontal

ITM Power slashes headcount after 'unacceptable' interim results

By Proactive Investors
January 31, 2023

ITM Power slashes headcount after 'unacceptable' interim results

ITM Power is to slash a quarter of its workforce as part of a restructuring that will also see the sale or closure of its Motive Joint Fuels venture w more_horizontal

ITM Power falls 3.2% after broker takes an axe to its price target

By Proactive Investors
January 17, 2023

ITM Power falls 3.2% after broker takes an axe to its price target

ITM Power PLC (AIM:ITM), the hydrogen fuel cell and electrolyser manufacturer, has seen its price target cut by RBC Capital from 500p to 260p. The inv more_horizontal

ITM Power slides on warning it will miss forecasts

By Proactive Investors
January 16, 2023

ITM Power slides on warning it will miss forecasts

Electrolyser specialist ITM Power saw its share price fall some 14% on Monday after outlining that full-year revenue and earnings would miss forecasts more_horizontal


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