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ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolyser systems for green hydrogen production - Increases full-year financial 2024 guidance as previous estimates included provisions relating to disputes and legacy projects which have now concluded. Earnings before interest, taxes, depreciation, and amortisation guidance improves to a loss between £30.0 million and £32.0 million from a previous forecast of a loss between £39.0 million and £44.0 million. Preliminary earnings are scheduled for release on August 15.
Current stock price: 52.26 pence, flat on Friday afternoon
12-month change: down 42%
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