ITM Power gains on FY26 revenue forecast upgrade

ITM Power

17/02/2026 08:25

** Shares of clean energy company ITM Power ITM.L up 3.9% at 66.8p

** Co raises FY26 revenue guidance to between 40 mln pounds ($54.28 million) and 43 mln pounds vs previous guidance range of 35 mln pounds to 40 mln pounds

** Co attributes revenue guidance upgrade to strong project progress and contributions from recently announced contracts

** "Despite the still existing uncertainty in the green hydrogen industry, ITM Power has been one of the few electrolyzer companies seeing increased commercial momentum" - Jefferies analysts

** So far in 2026, the stock has risen ~3%

($1 = 0.7369 pounds)

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))