ITM Power is trading 8.4% down at £104.80 as recent gains driven by a revenue guidance upgrade are offset by renewed concerns over ongoing losses and cash burn.
- The stock remains one of the most heavily shorted names in London, with hedge funds increasing positions and amplifying downside volatility despite a lack of fresh company news.
- The reversal follows a period of strength linked to record H1 2026 revenue, as investors weigh long-term growth prospects against immediate profitability challenges.