ITM Power's shares increased by 5% after the company narrowed its expected adjusted EBITDA loss for fiscal year 2026 to £20-21 million, better than the broker Peel Hunt's forecast of £27.8 million. Despite this 27% improvement on previous guidance, Peel Hunt maintained a 'hold' rating and a target price of 92.0p due to ongoing delays in major hydrogen projects and reliance on subsidies. The broker highlighted ITM's stronger balance sheet and potential benefits from a recovering green hydrogen market but remains cautious until more investment decisions materialize. The next key update will be ITM's FY2026 results on October 19.
ITM Power shares rose 5% after narrowing its adjusted EBITDA loss outlook for 2026. For readers following the energy sector, here is Pluang's market snapshot as of Oct 08, 2026 14:51 WIB: 25 of 38 energy stocks rose. Devon Energy Corp (DVN) gained 1.09% with 92% buy orders, Shell PLC (SHEL) rose 1.08% but had 90% sell orders, and Exxon Mobil Corporation (XOM) increased 1.08% with 74% buy orders.
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