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Advent Technologies Holdings (ADNH) AI Stock Analysis
Advent Technologies Holdings
(Other OTC:ADNH)
The score is primarily weighed down by very weak financial performance (shrinking revenue, deeply negative profitability, negative free cash flow, and negative equity). Technical indicators also reflect a sustained downtrend with negative momentum, while valuation provides limited support due to losses and no dividend data.
Advent Technologies Holdings (ADNH) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1,137
- Dividend Yield
- ―
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- 0.0
- Beta (1Y)
- 7.61
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 26
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
Advent Technologies Holdings Business Overview & Revenue Model
Company Description
Advent Technologies Holdings, Inc., an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America and Europe. It develops, manufactures, and assembles fuel cell systems and critic...
How the Company Makes Money
Advent Technologies generates revenue through the sale of its fuel cell systems and components, as well as through the provision of hydrogen production technologies. Key revenue streams include direct product sales to various industries such as trans...
Advent Technologies Holdings Earnings Call Summary
Advent Technologies' earnings call reflected a mix of significant technological advancements and strategic partnerships, which are promising for future growth. However, these positives are counterbalanced by substantial financial and operational challenges, including revenue decline, net losses, and cash flow concerns. The overall sentiment is one of cautious optimism, with a need for careful management of financial resources.
Q4-2023 Updates
Positive Updates
Negative Updates
Company Guidance
During the Advent Technologies Fourth Quarter 2023 Earnings Call, Dr. Vasilis Gregoriou provided extensive insights into the company's recent developments and future outlook, emphasizing several key metrics. Advent's High-Temperature PEM fuel cell technology has shown significant advancements, achieving 2x the power of previous state-of-the-art fuel cells and targeting a levelized cost of electricity between $0.20 to $0.30 per kilowatt hour. The company has strategically shifted its focus to MEA innovation and manufacturing, aiming to significantly reduce operating expenses by 70% in 2024, from $50 million to below $20 million. Despite a decline in Q4 revenue to $1.5 million from $2 million due to decreased stationary fuel cell system orders, the company has maintained strong collaborations with notable partners like Airbus and Hyundai, and is working towards scalability. Advent's financial position remains challenging, with cash reserves at $3.6 million as of December 31, 2023, prompting exploration of additional capital-raising opportunities. Looking ahead, Advent is concentrating on strategic partnerships for technology development, with commercialization plans set for 2026, all while targeting zero cash burn and maintaining a lean operational structure.
Advent Technologies Holdings Financial Statement Overview
Summary
Financials indicate severe strain: revenue has collapsed in the TTM period, margins are deeply negative, free cash flow remains negative (ongoing cash burn), and shareholders’ equity is negative, raising solvency and funding risk despite some moderation in losses.
Income Statement
12Very NegativeBalance Sheet
18Very NegativeCash Flow
20Very Negative| Breakdown | TTM | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.00K | 3.28M | 1.54M | 7.84M | 7.07M | 882.65K |
| Gross Profit | -1.89M | 1.79M | -5.43M | -744.00K | 1.66M | 368.83K |
| EBITDA | -16.14M | -16.78M | -38.42M | -44.62M | -34.07M | -3.05M |
| Net Income | -289.00K | -40.99M | -71.40M | -74.34M | -20.52M | -3.12M |
Balance Sheet | ||||||
| Total Assets | 6.68M | 8.01M | 34.74M | 89.59M | 163.03M | 1.89M |
| Cash, Cash Equivalents and Short-Term Investments | 468.00K | 381.00K | 3.20M | 32.87M | 79.76M | 515.73K |
| Total Debt | 1.98M | 832.00K | 10.36M | 12.08M | 137.81K | 2.81M |
| Total Liabilities | 24.46M | 29.30M | 21.29M | 25.44M | 32.83M | 3.69M |
| Stockholders Equity | -17.78M | -21.30M | 13.45M | 64.15M | 130.20M | -1.79M |
Cash Flow | ||||||
| Free Cash Flow | -2.27M | -6.65M | -35.81M | -46.21M | -41.98M | -1.55M |
| Operating Cash Flow | -2.28M | -6.61M | -32.11M | -32.13M | -35.84M | -1.43M |
| Investing Cash Flow | 895.00K | 1.17M | -6.24M | -14.52M | -25.56M | -122.51K |
| Financing Cash Flow | 2.69M | 1.39M | 9.06M | -40.00K | 141.50M | 882.33K |
Advent Technologies Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADNH, the sentiment is Positive. The current price of 0.35 is above the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.30, and below the 200-day MA of 0.63, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 60.01 is Neutral, neither overbought nor oversold. The STOCH value of 27.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ADNH.
Advent Technologies Holdings Risk Analysis
Advent Technologies Holdings disclosed 46 risk factors in its most recent earnings report. Advent Technologies Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksAdvent Technologies Holdings Peers Comparison
Overall Rating
RNW61Neutral
HTOO50Neutral
WAVE44Neutral- ADNH41Neutral
VGAS40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| RNW | 61Neutral | $2.50B | 20.90 | 9.00% | ― | 14.06% | 11.99% |
| HTOO | 50Neutral | $12.78M | -21.90 | -11.34% | ― | 75.69% | 84.18% |
| WAVE | 44Neutral | $29.64M | -7.94 | -56.33% | ― | -77.09% | -15.59% |
| ADNH | 41Neutral | $1,137 | 0.00 | -20.46% | ― | ― | ― |
| VGAS | 40Underperform | $44.76M | -3.11 | -21.80% | ― | ― | 19.55% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| ADNH | Advent Technologies Holdings, Inc. | 0.35 | -0.20 | -36.36% | |
| HTOO | Fusion Fuel Green Plc | 1.70 | -2.12 | -55.50% | |
| RNW | Renew Energy Global Plc | 6.85 | -0.69 | -9.15% | |
| WAVE | Eco Wave Power Global Ab | 4.75 | -2.61 | -35.46% | |
| VGAS | Verde Clean Fuels, Inc. | 1.01 | -2.33 | -69.61% |
Advent Technologies Holdings Corporate Events
Advent Technologies Moves to OTC Expert Market Trading
NegativeOn July 20, 2026, Advent Technologies Holdings, Inc. disclosed that its common stock has been reassigned by OTC Markets Group to the OTC Expert Market. The shares will now trade on an unsolicited quotes only basis, signaling a change in the company&#...
Advent Technologies’ Green HIPo Project Withdrawn from IPCEI
NegativeOn May 14, 2026, Advent Technologies’ wholly-owned subsidiary Advanced Energy Technologies Single Member SA was notified by Greek authorities that its Project EL02 Green HIPo has been withdrawn from the Hydrogen IPCEI Hy2 Tech wave program. The...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Jan 13, 2026