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Clean Power Hydrogen PLC (CPH2) AI Stock Analysis

GB:CPH2

Clean Power Hydrogen PLC

(LSE:CPH2)

Select Model
Rating:38Underperform
Price Target:GBX 1.00â–¼(-9.09% Downside)
Action:reiterated
Date:10/03/26

The overall score is heavily pressured by the company's pre-revenue status and ongoing cash burn, which are the most significant risks. The balance sheet offers a slight buffer with low debt, but this is insufficient to offset the fundamental lack of earnings. Technicals confirm a bearish trend, and the negative P/E ratio underscores the absence of profitability.

Positive Factors
Proprietary Electrolysis TechnologyA proprietary membrane-free electrolysis platform gives CPH2 a differentiated technology base within the green-hydrogen equipment market. If commercial deployment succeeds, this could support customer adoption and create a scalable route to recurring equipment and engineering opportunities.
Negative Factors
No Meaningful Commercial RevenueThe absence of meaningful revenue shows that CPH2 has not yet demonstrated commercial traction or validated demand at scale. Until customer deployments convert into reported sales, the business remains dependent on future execution and cannot yet show a proven, self-sustaining revenue model.

Clean Power Hydrogen PLC (CPH2) vs. iShares MSCI United Kingdom ETF (EWC)

-100%0%100%200%300%400%GB:CPH2-74.12%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 4.02M
Dividend Yield
―
Average Volume (3M)
2.25M
Price to Earnings (P/E)
-0.5
Beta (1Y)
-0.96
Revenue Growth
―
EPS Growth
―
Country
UK
Employees
54
Sector
Industrials
Sector Strength
63
Industry
Industrial - Machinery

Clean Power Hydrogen PLC Business Overview & Revenue Model

Company Description

Clean Power Hydrogen plc is a technology and manufacturing enterprise specializing in green hydrogen. The company focuses on developing advanced solutions for producing hydrogen and oxygen, prominently featuring its proprietary membrane-free electrol...

Clean Power Hydrogen PLC Financial Statement Overview

Summary

Pre-revenue company with persistent net losses and negative cash flows, though a low debt-to-equity ratio of 0.05 provides some financial stability. The reduction in net loss from £14.4M to £7.1M shows improved cost control, but the overall financial health remains very weak.

Income Statement

25Negative

Balance Sheet

45Neutral

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0000028.00K
Gross Profit-199.00K-519.00K-540.00K-413.00K-249.00K3,000
EBITDA-4.22M-6.00M-14.37M-4.67M-3.31M-3.26M
Net Income-4.91M-7.08M-14.44M-4.12M-3.44M-3.32M
Balance Sheet
Total Assets9.48M14.80M9.68M24.51M29.37M6.03M
Cash, Cash Equivalents and Short-Term Investments232.00K3.95M327.00K8.47M15.29M480.00K
Total Debt537.00K625.00K824.00K737.00K858.00K1.37M
Total Liabilities2.57M3.05M3.27M3.55M4.20M6.38M
Stockholders Equity6.91M11.75M6.42M20.95M25.17M-352.00K
Cash Flow
Free Cash Flow-3.08M-7.43M-8.88M-6.80M-11.78M-2.84M
Operating Cash Flow-3.08M-7.39M-5.89M-2.35M-7.17M-2.10M
Investing Cash Flow-557.00K-1.08M3.73M3.06M-19.61M-596.00K
Financing Cash Flow-87.00K12.10M18.00K-24.00K28.09M241.00K

Clean Power Hydrogen PLC Technical Analysis

Technical Analysis SentimentNegative
Last Price1.10

Price Trends

50DMA1.27Negative
100DMA3.42Negative
200DMA5.71Negative

Market Momentum

MACD-0.06Negative
RSI38.45Neutral
STOCH11.11Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CPH2, the sentiment is Negative. The current price of 1.10 is below the 20-day moving average (MA) of 1.18, below the 50-day MA of 1.27, and below the 200-day MA of 5.71, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 38.45 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CPH2.

Clean Power Hydrogen PLC Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

GB:CPH2 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
GB:ITMGB:ITM46NeutralGBP 519.59M-19.47-11.09%―67.62%45.05%
GB:PHEGB:PHE46NeutralGBP 9.22M-9.00-44.36%―103.02%69.23%
GB:HUIGB:HUI42NeutralGBP 9.74M-9.32-62.70%――-187.50%
GB:CPH2GB:CPH238UnderperformGBP 10.92M-0.52-88.63%―――
GB:AMPGB:AMP38UnderperformGBP 12.29M-0.99-65.86%―136.51%40.60%

* Industrials Sector Average

Performance Comparison

0%100%200%GB:CPH2GB:AMPGB:ITMGB:PHEGB:HUIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:CPH2 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:CPH2Clean Power Hydrogen PLC1.10-3.30-75.00%
GB:AMPSimec Atlantis Energy1.70-0.65-27.66%
GB:ITMITM Power75.15-3.55-4.51%
GB:PHEPowerhouse Energy0.18-0.34-65.38%
GB:HUIHydrogen Utopia International PLC2.050.4528.12%

Clean Power Hydrogen PLC Corporate Events

Business Operations and StrategyPrivate Placements and FinancingProduct-Related Announcements

Clean Power Hydrogen details test incident findings and reshapes Hidrigin partnership

Neutral
Oct 19, 2026

Clean Power Hydrogen has issued a technical update on the incident that occurred on 28 May 2026 during factory acceptance testing of its 1MW MFE220 membrane-free electrolyser. An internal investigation, with ongoing external verification, points to a...

Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing

Clean Power Hydrogen pivots to capital-light model after test-site incident

Negative
Sep 24, 2026

Clean Power Hydrogen reported a £4.9m loss for the six months to 30 June 2026 and cash of £0.2m, against the backdrop of a serious test-site incident that prompted a strategic overhaul. The company has since pivoted to a capital-light techn...

Business Operations and StrategyPrivate Placements and Financing

Clean Power Hydrogen Issues New Equity to Conserve Cash for Operations

Neutral
Sep 17, 2026

Clean Power Hydrogen plc has issued 3,216,450 new ordinary shares in lieu of advisory fees, a move that preserves cash for ongoing operations while compensating service providers in equity. The new shares are set to begin trading on AIM later this mo...

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 03, 2026