Berenberg Bank Reiterates Buy Rating for ITM Power (LON:ITM)

ITM Power (LON:ITM)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 100 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 60.51% from the stock’s current price.

Several other research firms also recently weighed in on ITM. Jefferies Financial Group boosted their target price on shares of ITM Power from GBX 60 to GBX 115 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. UBS Group restated a “neutral” rating and set a GBX 60 price target on shares of ITM Power in a research report on Friday, January 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 91.67.

ITM Power Price Performance

ITM stock opened at GBX 62.30 on Thursday. The company has a market cap of £383.87 million, a PE ratio of -8.42 and a beta of 2.03. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. ITM Power has a 12-month low of GBX 25.08 and a 12-month high of GBX 98.45. The stock has a 50-day moving average price of GBX 66.24 and a two-hundred day moving average price of GBX 70.32.

ITM Power (LON:ITM) last issued its earnings results on Thursday, January 29th. The company reported GBX (2.30) 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, research analysts predict that ITM Power will post -8.9214682 EPS for the current year.

Insider Buying and Selling

In other news, insider Dennis Schulz purchased 466 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of GBX 64 per share, with a total value of £298.24. Also, insider Simon Bourne acquired 466 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average price of GBX 64 per share, for a total transaction of £298.24. Insiders purchased 1,792 shares of company stock worth $119,656 in the last 90 days. 8.73% of the stock is currently owned by corporate insiders.

Key Stories 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)

ITM Power Company Profile

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.