ITM Powers Strategy Drives Strong Revenue Growth

According to Visible Alpha consensus, UK hydrogen equipment maker ITM Power (LSE: ITM) is expected to see significant revenue growth starting in 2024. In FY 2024 analysts forecast ITM’s net sales revenue to jump nearly 4x year-over-year to £20.5 million from £5.2 million in 2023, driven by a projected surge in product sales. Revenue is forecast to continue to expand, growing in the double digits through 2030. Analysts are also estimating a gradual decrease in both operating and net losses between 2024 and 2030. ITM is estimated to turn profitable by 2028.

Sector: Energy
Industry: Renewable Energy Equipment
VA Ticker(s): ITM_GB