ITM Power Plc (ITMPF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ITM Power Plc (ITMPF) trades at $1.67 with AI Score 56/100 (Grade B). ITM Power Plc specializes in the design, manufacture, and sale of hydrogen energy systems, targeting the energy storage, transportation, and industrial sectors. Market cap: $1.15B, Sector: Industrials.
Price live · AI analysis from Mar 15, 2026Analyst Coverage for ITMPF: ITMPF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ITMPF against Industrials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
ITMPF: 3/4 perspectives are bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →ITM Power Plc (ITMPF) Industrial Operations Profile
ITM Power Plc is a UK-based designer and manufacturer of hydrogen energy systems, including electrolyzers and hydrogen storage solutions. It serves the energy storage, transportation, and industrial sectors across Europe, Australia, and the United States, facing competition in a rapidly evolving green energy market.
What Is the Investment Thesis for ITMPF?
ITM Power operates in the burgeoning green hydrogen sector, a key area for decarbonization efforts globally. The company's focus on electrolysis technology positions it to benefit from increasing demand for green hydrogen in energy storage, transportation, and industrial applications. However, the company's negative profit and gross margins (-108.0% and -98.1%, respectively) raise concerns about its path to profitability. Investors should monitor the company's ability to scale production, reduce costs, and secure long-term contracts to justify its $1.15B market capitalization. Upcoming catalysts include potential government incentives for green hydrogen projects and technological advancements in electrolyzer efficiency.
Based on FMP financials and quantitative analysis
ITMPF Key Highlights
- ITM Power operates with a market capitalization of $1.15B, reflecting investor interest in the green hydrogen sector.
- The company's negative P/E ratio of -12.64 indicates that it is currently unprofitable.
- A negative profit margin of -108.0% highlights the challenges ITM Power faces in achieving profitability.
- The company's gross margin of -98.1% suggests high production costs relative to revenue.
- ITM Power's beta of 2.27 indicates higher volatility compared to the overall market.
Who Are ITMPF's Competitors?
ITMPF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DAWIF Daiwa Industries Ltd. | $9.44 | +0.00% | $463.63M | 46 |
| KMRCF Komori Corporation | $9.20 | +0.00% | $488.18M | 49 |
| NLLSF Nel ASA | $0.22 | +0.00% | $404.37M | 45 |
| NLLSY Nel ASA | $7.67 | +0.00% | $469.93M | 45 |
| OBSJF Obrascón Huarte Lain, S.A. | $0.47 | -17.73% | $655.42M | 45 |
| BLDP Ballard Power Systems Inc. | $3.46 | -1.85% | $1.04B | 64 |
| JBT John Bean Technologies Corporation (JBT) provides technology solutions to the food and beverage and air transportation industries. The company | $125.32 | -1.40% | $3.99B | 62 |
| MWA Mueller Water Products, Inc. | $25.25 | +1.12% | $3.95B | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ITMPF's Key Strengths?
- Specialized expertise in hydrogen energy systems.
- Proprietary electrolyzer technology.
- Established presence in key European markets.
- Focus on green hydrogen production.
What Are ITMPF's Weaknesses?
- Negative profit and gross margins.
- Limited geographic diversification.
- Reliance on government incentives and subsidies.
- Relatively small market capitalization.
What Could Drive ITMPF Stock Higher?
- Government incentives and subsidies for green hydrogen projects.
- Potential contracts for large-scale electrolyzer projects.
- Technological advancements in electrolyzer efficiency.
- Expansion into new geographic markets.
- Increasing demand for green hydrogen in energy storage, transportation, and industrial applications.
What Are the Key Risks for ITMPF?
- Negative return on equity (-14.2%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Negative profit and gross margins.
- Competition from established players in the hydrogen market.
- Fluctuations in renewable energy prices.
- Technological advancements by competitors.
- Changes in government regulations and incentives.
What Are the Growth Opportunities for ITMPF?
- Expansion into the North American Market: ITM Power can capitalize on the increasing demand for green hydrogen in North America, driven by government incentives and corporate sustainability goals. The North American hydrogen market is projected to reach billions of dollars in the coming years, offering significant growth potential for ITM Power. A strategic partnership or acquisition could accelerate market entry and establish a strong presence.
- Development of Large-Scale Electrolyzer Projects: ITM Power can focus on developing and deploying large-scale electrolyzer projects to serve industrial and energy customers. These projects can generate substantial revenue and establish ITM Power as a leading provider of green hydrogen solutions. Securing long-term contracts with industrial consumers and renewable energy producers is crucial for the success of these projects.
- Advancements in Electrolyzer Technology: Investing in research and development to improve the efficiency and reduce the cost of its electrolyzer technology can provide ITM Power with a competitive advantage. Improved electrolyzer performance can lower the cost of green hydrogen production, making it more competitive with traditional hydrogen production methods. Collaborations with research institutions and technology partners can accelerate innovation.
- Strategic Partnerships with Renewable Energy Companies: Collaborating with renewable energy companies to integrate electrolyzers with renewable energy sources can create synergies and drive growth. Co-locating electrolyzers with wind and solar farms can reduce the cost of green hydrogen production and provide a reliable source of renewable energy. These partnerships can also facilitate the development of integrated energy solutions.
- Expansion of Hydrogen Storage Solutions: Expanding its offerings to include advanced hydrogen storage solutions can create new revenue streams and enhance ITM Power's value proposition. Developing cost-effective and efficient hydrogen storage technologies is crucial for enabling the widespread adoption of green hydrogen. This includes both stationary storage for grid balancing and mobile storage for transportation applications.
What Opportunities Does ITMPF Have?
- Expansion into North America and Asia.
- Development of large-scale electrolyzer projects.
- Advancements in electrolyzer technology.
- Strategic partnerships with renewable energy companies.
What Threats Does ITMPF Face?
- Competition from established players in the hydrogen market.
- Fluctuations in renewable energy prices.
- Technological advancements by competitors.
- Changes in government regulations and incentives.
What Are ITMPF's Competitive Advantages?
- Proprietary electrolyzer technology.
- Established presence in the hydrogen energy market.
- Expertise in designing and manufacturing hydrogen energy systems.
- Partnerships with key players in the energy and transportation sectors.
What Does ITMPF Do?
Founded in 2001 and headquartered in Sheffield, UK, ITM Power Plc focuses on developing and deploying hydrogen energy solutions. The company's core business revolves around the design, manufacturing, and sale of advanced electrolysis equipment used to produce green hydrogen. ITM Power offers a range of products, including HGas1SP, HGas3SP, 3MEP CUBE, and 2GEP Skid, catering to various applications across the energy, transportation, and industrial sectors. These products facilitate energy storage, provide fuel for transportation, and supply hydrogen for industrial processes. ITM Power's geographic footprint extends across the United Kingdom, Germany, Australia, the rest of Europe, and the United States. The company is involved in prototype development and the sale of electrolyzers, automotive fuel, hydrogen, electrolyser solutions, and hydrogen storage solutions. ITM Power operates in a competitive landscape with companies offering similar hydrogen production and storage solutions.
What Products and Services Does ITMPF Offer?
- Designs and manufactures hydrogen energy systems.
- Offers electrolysis equipment for hydrogen production.
- Provides solutions for energy storage using hydrogen.
- Develops hydrogen fueling solutions for the transportation sector.
- Supplies hydrogen for industrial applications.
- Sells electrolyser solutions.
- Sells hydrogen storage solutions.
How Does ITMPF Make Money?
- Sells hydrogen energy systems to energy, transportation, and industrial sectors.
- Generates revenue from the sale of electrolysis equipment.
- Provides maintenance and support services for its products.
- Develops and sells prototype products.
What Industry Does ITMPF Operate In?
ITM Power operates within the industrial machinery sector, specifically focusing on hydrogen energy systems. The green hydrogen market is experiencing rapid growth, driven by increasing global efforts to decarbonize energy production and transportation. The competitive landscape includes companies like DAWIF, KMRCF, NLLSF, NLLSY, and OBSJF, all vying for market share in the hydrogen technology space. Government incentives, technological advancements, and decreasing renewable energy costs are key drivers of industry growth.
Who Are ITMPF's Key Customers?
- Energy companies seeking to store renewable energy.
- Transportation companies looking to adopt hydrogen fuel.
- Industrial companies requiring hydrogen for their processes.
- Government entities investing in green energy infrastructure.
Company Profile
ITM Power Plc operates in the Industrial - Machinery industry within the Industrials sector. It is headquartered in Sheffield, GB. The company is led by CEO Dennis Schulz. ITMPF has traded publicly since 2004.
How ITM Power Plc Is Valued
ITM Power Plc carries a market capitalization of $1.15B, placing it in the small-cap category. Relative to its peer group, ITMPF's quantitative score of 56/100 is roughly in line with the peer average of 46/100.
ROE -14%Key Financial Metrics
Return on equity for ITM Power Plc stands at -14.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -9.1%, showing how much profit it generates from its asset base. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.62 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -4.5%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 3/9Financial Health
ITM Power Plc's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 2.83 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project ITM Power Plc revenue of about $41.7M for fiscal 2026, with EPS near $-0.04. The estimate reflects 4 contributing analysts.
ITMPF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Specialized expertise in hydrogen energy systems.
- Proprietary electrolyzer technology.
- Established presence in key European markets.
- Focus on green hydrogen production.
Bear Case
- Negative profit and gross margins.
- Limited geographic diversification.
- Reliance on government incentives and subsidies.
- Relatively small market capitalization.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
ITMPF Latest News
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Why The Narrative Around ITM Power (AIM:ITM) Is Shifting Despite An Unchanged Price Target
Yahoo! Finance: ITMPF News · Jun 2, 2026
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Byohm Appoints Dr Graham Cooley as Chairman
Yahoo! Finance: ITMPF News · May 20, 2026
ITMPF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ITMPF.
Price Targets
Wall Street price target analysis for ITMPF.
ITMPF MoonshotScore
What does this score mean?
The MoonshotScore rates ITMPF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Dennis Schulz
CEO
Dennis Schulz serves as the CEO of ITM Power Plc, leading a team of 359 employees. His background includes extensive experience in the industrial sector, with a focus on technology and engineering. He has held various leadership positions in companies focused on renewable energy and sustainable technologies. Schulz's expertise lies in driving innovation, scaling operations, and developing strategic partnerships.
Track Record: Since assuming the role of CEO, Dennis Schulz has focused on expanding ITM Power's market presence and enhancing its technological capabilities. Key milestones under his leadership include securing contracts for large-scale electrolyzer projects and forging partnerships with leading renewable energy companies. He has also overseen efforts to improve the efficiency and reduce the cost of ITM Power's electrolyzer technology.
ITMPF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that ITM Power Plc may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, making it more difficult for investors to assess their financial health and operational performance compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the lack of regulatory oversight and potential for fraud or manipulation.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry.
- Lower trading volumes and wider bid-ask spreads reduce liquidity.
- Potential for price manipulation due to lack of regulatory oversight.
- Higher risk of fraud or misrepresentation.
- Limited access to company information and management.
- Verify the company's registration and legal standing.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team's experience and track record.
- Check for any regulatory actions or legal disputes.
- Monitor trading activity and price volatility.
- Consult with a qualified financial advisor.
- Established presence in the hydrogen energy market.
- Proprietary electrolyzer technology.
- Partnerships with reputable companies in the energy sector.
- Focus on green hydrogen production.
- CEO with experience in the industrial sector.
Common Questions About ITMPF (Industrials)
What does ITM Power Plc do?
ITM Power Plc specializes in the design, manufacture, and sale of hydrogen energy systems, focusing on electrolysis equipment for green hydrogen production. The company's products cater to the energy storage, transportation, and industrial sectors, providing solutions for energy storage, hydrogen fueling, and industrial hydrogen supply. ITM Power aims to be a leading provider of green hydrogen solutions, contributing to the decarbonization of various industries.
What do analysts say about ITMPF stock?
Analyst coverage of ITMPF is limited due to its OTC listing and smaller market capitalization. However, the consensus view is that ITM Power operates in a high-growth sector with significant potential. Key valuation metrics include revenue growth, gross margin, and cash flow. Investors should closely monitor the company's ability to scale production, reduce costs, and secure long-term contracts. The stock is considered speculative due to its current lack of profitability.
What are the main risks for ITMPF?
The main risks for ITMPF include its negative profit and gross margins, which raise concerns about its financial sustainability. Competition from established players in the hydrogen market and technological advancements by competitors pose additional threats. Fluctuations in renewable energy prices and changes in government regulations and incentives can also impact the company's performance. As an OTC-listed stock, ITMPF faces higher risks related to liquidity, disclosure, and potential for manipulation.
What are the key factors to evaluate for ITMPF?
ITM Power Plc (ITMPF) holds an AI score of 56/100 (moderate). Not financial advice.
How frequently does ITMPF data refresh on this page?
ITMPF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ITMPF's recent stock price performance?
ITM Power Plc (ITMPF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized expertise in hydrogen energy systems. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ITMPF overvalued or undervalued right now?
Valuing ITM Power Plc (ITMPF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying ITMPF?
Before investing in ITM Power Plc (ITMPF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- OTC market data may be limited or incomplete.