ITM Power

ITM Power expects an EBITDA loss of £20–21m for fiscal 2026, an improvement of about 27% versus the previous forecast. Its subsidiary Hydropulse has signed a heads‑of‑terms agreement with a European oil refinery to produce green hydrogen with 150 MW of capacity and a targeted duration of ten years. The parties are working on a FEED study; a final investment decision is planned for 2027, and with binding contracts this would be ITM Power’s largest commercial commitment to date. » More on deraktionaer.de

ITM Power has entered a strategic partnership with Protium Green Solutions to advance the development, financing and operation of industrial electrolyser plants across the UK. The initial focus is the Cromarty project in Scotland, acquired by Protium, with a planned capacity of 15 megawatts. Financial details were not disclosed, but the cooperation strengthens ITM Power's chances of delivering larger UK projects in the medium to long term. » More on deraktionaer.de

ITM Power rose to a new year high on the London market as the stock will be included in the MSCI UK Small Cap index from 29 May, forcing passive funds to build positions. The inclusion and a government support package of £46.5 million for an automated production line in Sheffield are driving demand. Operationally, ITM Power expects 2026 revenue of £40–43 million with an order book of £152 million, but recently reported a pre-tax loss of £45.4 million. The final investment decision for the production line is due in June and is seen as the next key test for the valuation. » More on finanzen.net

Hydrogen names such as ITM Power, Ballard Power, Plug Power and NEL are seeing strong trading interest and significant price gains after a prolonged stagnation. ITM Power is regarded as the momentum leader and rose about 164 percent in the past three months; Ballard and Plug Power also climbed strongly while NEL lagged behind. Analysts see this more as a selective re-rating of companies with clear technologies and project pipelines rather than a broad-based supercycle; sustainable gains depend on real project progress and profitability. » More on finanzen.net

European hydrogen stocks have risen sharply since April, with ITM Power leading the rally after positive news and a price correction. Morgan Stanley upgraded ITM Power to overweight and raised its price target significantly; analysts see profitability within reach by 2028. Ceres has recovered and is now an index heavyweight, Nel registered further orders after disappointing numbers, and SFC Energy benefits from a forecast upgrade. The E‑Hydrogen Europe Index is once again moving into focus for long-term investors. » More on deraktionaer.de