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Fusion Fuel Green
(NASDAQ:HTOO)
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Rating:43Neutral
Price Target:
$2.00
▼(-0.50% Downside)
Action:Reiterated
Date:07/14/26
The score is held down primarily by weak financial quality (continued losses and significant negative operating/free cash flow) and a technically bearish setup with the stock trading below all major moving averages and negative MACD. A manageable leverage profile and improved revenue/gross margin provide some support, but the negative P/E and lack of dividend yield offer limited valuation/income backstop.
Positive Factors
Revenue rebound and gross-margin improvement
The sharp 2025 revenue rebound and improved gross margin indicate stronger commercial activity and better project economics than in the prior year. If maintained, this progress can expand the company’s operating base and provide a foundation for eventually converting hydrogen and energy-services demand into sustainable earnings.
Negative Factors
Persistent operating and free-cash-flow burn
Materially negative operating and free cash flow shows that the business is not yet funding itself through operations. Continued cash burn can require additional financing, restrict investment in hydrogen and energy projects, and weaken financial flexibility if revenue growth does not translate into better cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and gross-margin improvement
The sharp 2025 revenue rebound and improved gross margin indicate stronger commercial activity and better project economics than in the prior year. If maintained, this progress can expand the company’s operating base and provide a foundation for eventually converting hydrogen and energy-services demand into sustainable earnings.
Read all positive factors
Fusion Fuel Green (HTOO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.13M
Dividend YieldN/A
Average Volume (3M)12.33K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth838.07%
EPS Growth88.10%
CountryUS
Employees131
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.07
Shares Outstanding7,047,527
10 Day Avg. Volume14,192
30 Day Avg. Volume12,334
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.23
Price to Sales (P/S)0.27
P/FCF Ratio-0.46
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fusion Fuel Green Business Overview & Revenue Model
Company Description
Established in Dublin, Ireland, in 2018, Fusion Fuel Green PLC is dedicated to hydrogen production, with its core operations concentrated in Portugal, Southern Europe, and Morocco. The company provides a range of solutions, including the sale of i...
How the Company Makes Money
Fusion Fuel’s revenue model is primarily tied to (a) selling hydrogen production technology/systems and (b) providing engineering, procurement, and construction (EPC) and related project services. Key revenue streams include: (1) equipment and sys...
Fusion Fuel Green Earnings Call Summary
Earnings Call Date:Jun 05, 2024
(Q1-2024)
| % Change Since: |
Next Earnings Date:Mar 03, 2027
Earnings Call Sentiment Neutral
The earnings call presented a balanced view of Fusion Fuel's current position. The company reported significant achievements in project approvals and market expansion, which are crucial for its growth strategy. However, financial challenges, including no recognized revenue in Q1 and a NASDAQ non-compliance notice, present significant hurdles that need addressing. Overall, while there are promising developments, the financial uncertainties and project delays weigh heavily on the company's immediate outlook.Positive Updates
European Commission Acceptance
The European Commission accepted the EVO Portugal project as an important project of common European interest, showing strong support and recognition for the company's initiatives.
Negative Updates
No Recognized Revenue
No revenue was recognized during the first quarter, indicating a delay in project completions and financial inflows.
Read all updates
Q1-2024 Updates
Positive
Negative
European Commission Acceptance
The European Commission accepted the EVO Portugal project as an important project of common European interest, showing strong support and recognition for the company's initiatives.
Read all positive updates
Company Guidance
During Fusion Fuel Green's Q1 2024 earnings call, the company reaffirmed its guidance for the year, emphasizing the significance of its HEVO-Chain technology and strategic projects. Fusion Fuel highlighted a robust pipeline with over 200 megawatts of offers in 16 markets, comprising mostly projects under 5 megawatts, aligning with their focus on small to mid-scale opportunities. Key financial metrics included raising EUR 5.9 million in February through an ATM facility and a EUR 5 million grant for the 25-megawatt HEVO-Aveiro project. The company reported a pretax loss of EUR 5.1 million for the quarter, with non-recognized revenue expected to be recorded later in the year. Fusion Fuel's cash position was bolstered by a $1.5 million drawdown from the Macquarie facility, with plans to address NASDAQ's noncompliance notice regarding shareholder equity.Fusion Fuel Green Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.85M | 1.60M | 4.14M | 0.00 | 0.00 |
| Gross Profit | 3.87M | 437.00K | -15.94M | -8.77M | 0.00 |
| EBITDA | -8.75M | -10.54M | -27.77M | -31.23M | -6.82M |
| Net Income | -1.63M | -13.79M | -31.02M | -27.35M | 23.56M |
Balance Sheet | |||||
| Total Assets | 36.02M | 28.13M | 42.35M | 65.36M | 69.25M |
| Cash, Cash Equivalents and Short-Term Investments | 574.75K | 214.00K | 860.00K | 5.24M | 35.13M |
| Total Debt | 2.20M | 2.23M | 12.11M | 8.32M | 800.00K |
| Total Liabilities | 15.53M | 17.43M | 39.62M | 36.01M | 19.74M |
| Stockholders Equity | 16.16M | 12.79M | 2.73M | 29.35M | 49.51M |
Cash Flow | |||||
| Free Cash Flow | -8.22M | -8.47M | -17.77M | -40.54M | -33.42M |
| Operating Cash Flow | -7.91M | -8.65M | -9.18M | -29.85M | -14.66M |
| Investing Cash Flow | -438.00K | 835.67K | -1.16M | 24.96M | -45.50M |
| Financing Cash Flow | 8.53M | 6.75M | 3.07M | 2.37M | 9.58M |
Fusion Fuel Green Technical Analysis
Negative
2.01
Price Trends
2.44
Negative
2.75
Negative
3.12
Negative
Market Momentum
-0.02
Negative
48.63
Neutral
64.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HTOO, the sentiment is Negative. The current price of 2.01 is below the 20-day moving average (MA) of 2.24, below the 50-day MA of 2.44, and below the 200-day MA of 3.12, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.63 is Neutral, neither overbought nor oversold. The STOCH value of 64.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HTOO.
Fusion Fuel Green Risk Analysis
Fusion Fuel Green disclosed 81 risk factors in its most recent earnings report. Fusion Fuel Green reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Our business may be materially adversely affected by current global geopolitical conditions resulting from the ongoing Russia-Ukraine conflict and the recent escalation of the Israel-Hamas conflict. Q4, 2023
Fusion Fuel Green Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $2.50B | 20.97 | 9.00% | ― | 14.06% | 11.99% | |
46 Neutral | $35.50M | -9.29 | -56.33% | ― | -77.09% | -15.59% | |
46 Neutral | $57.33M | -4.33 | -21.80% | ― | ― | 19.55% | |
43 Neutral | $17.13M | -28.74 | -12.29% | ― | 838.07% | 88.10% |
* Utilities Sector Average
HTOO
Fusion Fuel Green
2.31
-1.97
-46.03%
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6.83
-0.89
-11.53%
WAVE
Eco Wave Power Global
5.56
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VGAS
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1.41
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-50.18%
Fusion Fuel Green Corporate Events
Fusion Fuel Boosts UAE LPG Operations with New Bobtail and Key Dubai Permit
Sep 10, 2026
On September 10, 2026, Fusion Fuel Green said Al Shola Gas has taken delivery of a new LPG bobtail tanker in the UAE, lifting its fleet to 53 vehicles and adding capacity expected to generate about $1.6 million in annual recurring revenue at targe...
Fusion Fuel Green Tightens Share-Backed Loan Terms with ILUS Amid Stock Purchase Obligations
Sep 4, 2026
Fusion Fuel Green has detailed a series of financing and governance maneuvers arising from a stock purchase agreement signed on November 18, 2024 with Quality Industrial Corp., Ilustrato Pictures International Inc. and other sellers. Under that ag...
Fusion Fuel’s Al Shola Gas Secures $1.4 Million in Dubai LPG Contracts and Abu Dhabi Supply Deal
Aug 20, 2026
On August 20, 2026, Fusion Fuel Green PLC reported that its indirect UAE subsidiary Al Shola Gas signed 10 liquefied petroleum gas engineering subcontracts in Dubai during June and July, with an anticipated aggregate value of about AED 5.14 millio...
Fusion Fuel’s BrightHy Solutions Hits Key Milestones on Southern Europe Hydrogen Projects
Aug 12, 2026
On August 12, 2026, Fusion Fuel Green announced that its hydrogen subsidiary Bright Hydrogen Solutions had completed the Front-End Engineering Design for a 15 MW industrial green hydrogen production facility in southern Europe. That engineering mi...
Fusion Fuel Green Raises $1.55 Million in August PIPE and Uses Equity to Cut Legal Liabilities
Aug 7, 2026
On August 7, 2026, Fusion Fuel Green PLC agreed to raise approximately $1.55 million through a private placement of 431,367 Class A shares, 176,468 pre-funded warrants and 619,194 common warrants to a group of institutional investors. The securiti...
Fusion Fuel Green Refreshes ATM Equity Program with New $6.6 Million Prospectus Supplement
Jul 29, 2026
On July 29, 2026, Fusion Fuel Green PLC filed a new prospectus supplement in the U.S. to resume use of its May 2025 at-the-market Offering Agreement with H.C. Wainwright, enabling the sale of up to $6.6 million in Class A ordinary shares under an ...
Fusion Fuel Green Closes $15 Million Acquisition of Royal Uranium
Jul 22, 2026
On July 21, 2026, Fusion Fuel Green completed a share exchange transaction to acquire all 81,881,029 outstanding shares of Royal Uranium Inc. for 3,750,018 Class A ordinary shares, valuing the Canadian royalty company at $15 million and making it ...
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.