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Evening Standard
Evening Standard
Business
Michael Hunter

REVEALED: Profit warning hits shares in itm power | Vintage Vibes

Stock in ITM Power lost energy after a profit warning. (John Stillwell/PA)

(Picture: PA Archive)

Shares in ITM Power tumbled today after the green energy company issued a profit warning before the completion of a review of its business by its new chief executive.

Dennis Schulz took over from longstanding CEO Graham Cooley in December, who announced plan to step down around the time of the company’s annual results in September, when delays to ITM’s production plans emerged.

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