No buying on Speeding3 Jun 2025 10:43
ITM Power has yet to achieve profitability, with significant losses reported in recent years. In the fiscal year 2024, the company reported a net income loss of £27 million, following a £101 million loss in 2023. The operating margin remains deeply negative, indicating ongoing financial strain.
The company's revenue has shown considerable volatility. For instance, in early 2023, the consensus revenue forecast was £25 million, but actual revenue ended up being just over £5 million—approximately 80% lower than expected.
Analysts at Barclays and JP Morgan have noted difficulties in scaling up production and have issued "underweight" ratings on ITM Power shares, citing these concerns.
I would not invest until ITM has clear strategy on long term profitability business - DYOR