ITM Power jumps 21% on upgraded guidance and stronger cash position

  • ITM Power PLC (AIM:ITM) shares climbed 21% in early trading on Tuesday after the company raised its revenue guidance and reported that it had been cash generative in the second half of the financial year. The hydrogen energy group said it now expects revenue for the year ending 30 April 2025 to reach between £25.5mn and £26.5mn, representing a 30% increase on the midpoint of its previous forecast.