Shares in ITM Power nosedived 13.5 per cent on the London Stock Exchange this morning, after the energy storage specialist announced a third profit warning in less than eight months. The company is forecasting lower revenues and deeper losses than expected, with results for the full year ending April 2023 now expected to be “materially different from the current guidance.” This comes after the ITM uncovered more delays to deliveries on customer contracts, extra costs and inventory write-downs. The company has issued three profit warnings…
Hence then, the article about hydrogen company itm power sees shares nosedive after profit warning was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Hydrogen Company ITM Power Sees Shares Nosedive After Profit Warning )