Hydrogene de France (HDF) AI Stock Analysis

3 Followers

Hydrogene de France

(Paris:HDF)

Select Model

Rating:46Neutral

Price Target:EUR 1.50▼(-14.09% Downside)

Action:reiterated

Date:10/31/26

The overall score is heavily pressured by extremely weak technicals and a lack of profitability, which together signal high risk. The company's strong, debt-free balance sheet and improving cash flow provide some stability, but until revenue and earnings recover, the stock remains under significant downward pressure.

Positive Factors

Low Balance-Sheet LeverageVery low debt reduces solvency risk and limits interest and refinancing burdens while the company develops its projects. This gives management more financial flexibility than a highly leveraged structure, although it does not offset the need to improve profitability and cash generation.

Negative Factors

Severe Revenue ContractionA roughly 91% revenue contraction indicates that the business has not yet demonstrated dependable commercial scale or revenue visibility. Such volatility makes planning and resource allocation harder, increases dependence on successful project conversion, and weakens confidence in near-term operating momentum.

Hydrogene de France (HDF) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 25.64M
Dividend Yield: ―
Average Volume (3M): 7,778
Price to Earnings (P/E): -8.3
Beta (1Y): 0.98
Revenue Growth: -91.03%
EPS Growth: 47.04%
Country: France
Employees: 121
Sector: Utilities
Sector Strength: 66
Industry: Renewable Utilities

Hydrogene de France Business Overview & Revenue Model

Company Description

Hydrogène de France Société anonyme operates as an independent energy producer, conducting its business activities both domestically in France and across international markets. The company manages two power plants that utilize hydrogen for generation...

Hydrogene de France Financial Statement Overview

Summary

The balance sheet is robust with minimal debt and a strong equity base, but the income statement shows severe revenue decline and persistent operating losses. Cash flow has improved significantly, nearing breakeven, which partially offsets the weak profitability.

Income Statement

20Very Negative

Balance Sheet

80Positive

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.14M	998.00K	11.13M	3.94M	3.46M	885.00K
Gross Profit	-9.60M	-15.36M	-778.00K	3.88M	3.45M	1.31M
EBITDA	9.41M	3.73M	-14.91M	-7.47M	-4.50M	-3.30M
Net Income	-3.11M	-5.75M	-10.86M	-7.84M	-3.37M	-3.52M
Balance Sheet
Total Assets	90.28M	90.26M	100.69M	116.04M	117.12M	115.60M
Cash, Cash Equivalents and Short-Term Investments	27.21M	35.70M	39.25M	62.67M	87.36M	95.72M
Total Debt	328.00K	394.00K	410.00K	407.00K	406.00K	2.47M
Total Liabilities	10.99M	6.77M	10.74M	15.34M	9.71M	6.45M
Stockholders Equity	79.29M	83.38M	89.94M	100.69M	107.41M	109.14M
Cash Flow
Free Cash Flow	-2.03M	-5.11M	-21.91M	-24.07M	-7.48M	-6.33M
Operating Cash Flow	520.00K	-89.00K	-9.06M	-10.07M	-2.35M	-4.45M
Investing Cash Flow	-2.61M	-5.07M	-14.63M	-15.02M	-5.73M	-5.94M
Financing Cash Flow	60.00K	-535.00K	289.00K	426.00K	200.00K	105.48M

Hydrogene de France Technical Analysis

Technical Analysis SentimentNegative

Last Price1.75

Price Trends

50DMA2.02Negative

100DMA2.38Negative

200DMA3.02Negative

Market Momentum

MACD-0.06Negative

RSI36.80Neutral

STOCH15.75Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:HDF, the sentiment is Negative. The current price of 1.75 is below the 20-day moving average (MA) of 1.77, below the 50-day MA of 2.02, and below the 200-day MA of 3.02, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 36.80 is Neutral, neither overbought nor oversold. The STOCH value of 15.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:HDF.

Hydrogene de France Peers Comparison

Overall Rating

UnderperformOutperform

Sector (66)

Financial Indicators

FR:HDF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
FR:ALHAF	55Neutral	EUR 105.92M	-3.41	―	―	253.75%	39.39%
FR:HDF	46Neutral	EUR 25.64M	-8.31	-3.82%	―	-91.03%	47.04%
FR:ALOKW	42Neutral	EUR 4.92M	-0.05	―	―	-56.87%	-191.87%
FR:VLTSA	42Neutral	EUR 506.91M	-3.81	-13.52%	―	19.27%	-192.48%

* Utilities Sector Average

Performance Comparison

FR:HDF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:HDF	Hydrogene de France	1.75	-2.27	-56.57%
FR:VLTSA	Voltalia SA	3.81	-3.63	-48.82%
FR:MLCMG	CMG CleanTech SA	0.18	-0.14	-44.38%
FR:ALOKW	Groupe Okwind	0.17	-0.21	-54.43%
FR:ALHAF	Haffner Energy SAS	0.56	0.45	421.30%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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: Oct 31, 2026

Hydrogene de France AI Stock Analysis