ITM Power Shares Gain 5% as Company Narrows FY2026 Loss Guidance

Key Facts

1ITM Power shares rose 5% to 94.00p after the company narrowed its expected adjusted EBITDA loss guidance for FY2026.

2Peel Hunt maintained a 'hold' rating and 92.0p price target, citing ongoing delays to major hydrogen projects.

ITM Power shares rose 5% to 94.00p after the company narrowed its expected adjusted EBITDA loss guidance for the 2026 fiscal year. Proactive Investors reported that the manufacturer now projects a loss between £20 million and £21 million, representing a 27% improvement over the previous outlook.

Peel Hunt maintained a "hold" rating and a 92.0p price target on the stock, citing ongoing delays to major hydrogen projects globally. According to analyst reports, this caution reflects slower-than-expected final investment decisions in the sector, while the company's revenue and cash guidance remained unchanged.