ITM Power’s (ITM) “Buy” Rating Reiterated at Berenberg Bank

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

ITM has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on shares of 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 reiterated a “neutral” rating and issued a GBX 60 price target on shares of ITM Power in a research report on Friday, January 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 91.67.

ITM Power Trading Down 1.1%

Shares of ITM stock opened at GBX 62.30 on Thursday. The firm has a market capitalization of £383.87 million, a P/E ratio of -8.42 and a beta of 2.03. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The stock’s fifty day simple moving average is GBX 66.24 and its 200 day simple moving average is GBX 70.25. ITM Power has a twelve month low of GBX 25.08 and a twelve month high of GBX 98.45.

ITM Power (LON:ITM) last issued its quarterly earnings data on Thursday, January 29th. The company reported GBX (2.30) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, sell-side analysts predict that ITM Power will post -8.9214682 EPS for the current fiscal year.

Insider Activity

In related news, insider Dennis Schulz bought 466 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of GBX 64 per share, for a total transaction of £298.24. Also, insider Simon Bourne purchased 466 shares of ITM Power 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. In the last 90 days, insiders have purchased 1,792 shares of company stock worth $119,656. 8.73% of the stock is owned by corporate insiders.

Key Headlines Impacting ITM Power

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

• Positive Sentiment: Half‑year results show revenue growth and narrower losses, and management reaffirmed full‑year guidance — a clear operational improvement that supports the recovery story. ITM Power celebrates half-year revenue boost, reaffirms guidance
• Positive Sentiment: ITM narrowed EBITDA losses and said it is cutting unprofitable “legacy” contracts — a margin management move that should improve profitability over time. ITM Power: Yorkshire hydrogen firm narrows EBITDA losses as it cuts unprofitable ‘legacy’ contracts
• Positive Sentiment: Management highlighted rising orders and a growing backlog alongside higher H1 revenue — evidence of strengthening demand for its electrolysers. ITM Power boosts revenue and narrows losses as orders build up
• Positive Sentiment: Berenberg reaffirmed a Buy rating with a GBX 100 price target, providing analyst support for the stock’s upside potential. Broker ratings (Berenberg Buy, GBX 100)
• Neutral Sentiment: Market commentary describes ITM as a “work in progress” — progress is visible but outcomes remain uncertain, keeping sentiment balanced. ITM Power remains a work in progress
• Neutral Sentiment: Several outlets report the H1 results as broadly in‑line with expectations and management’s outlook was reiterated — supportive but not a catalyst for a large re‑rating. ITM Power reports in-line H1 results, reiterates full-year outlook
• Negative Sentiment: ITM remains loss‑making: reported quarterly EPS was GBX (2.30), return on equity and net margins remain negative, which keeps valuation and profitability concerns front‑of‑mind for investors. MarketBeat ITM summary (negative EPS/margins)

About ITM Power

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.