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Fusion Fuel Green (HTOO) AI Stock Analysis
Fusion Fuel Green
(NASDAQ:HTOO)
The overall score reflects a company with improving financial health—strong revenue growth, better unit economics, and lower leverage—but still characterized by ongoing losses and persistent cash burn, which keep execution and funding risk high. The technical setup is clearly weak, with the price trending below key moving averages and momentum indicators pointing to a bearish bias rather than a sustained recovery. Valuation remains speculative given the negative P/E and lack of dividend support, meaning the investment case hinges on successfully transitioning to durable profitability and self-funded growth.
Fusion Fuel Green (HTOO) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $12.48M
- Dividend Yield
- ―
- Average Volume (3M)
- 51.78K
- Price to Earnings (P/E)
- -21.4
- Beta (1Y)
- 1.23
- Revenue Growth
- 75.69%
- EPS Growth
- 84.18%
- Country
- US
- Employees
- 131
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Renewable Utilities
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 its...
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 system...
Fusion Fuel Green Earnings Call Summary
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.
Q1-2024 Updates
Positive Updates
Negative 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
Revenue has grown rapidly from a very low base with improving gross margins and materially reduced leverage, but the company remains loss-making with consistently negative cash flow and a volatile history, leaving execution and funding risk elevated despite the positive trajectory.
Income Statement
58NeutralBalance Sheet
64PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.85M | 13.85M | 1.60M | 4.14M | 0 | 0 |
| Gross Profit | 3.87M | 3.87M | 437.00K | -15.94M | -8.77M | 0 |
| EBITDA | -8.79M | -8.75M | -10.54M | -27.77M | -30.42M | -6.50M |
| Net Income | -1.63M | -1.63M | -13.79M | -31.02M | -27.35M | 23.56M |
Balance Sheet | ||||||
| Total Assets | 36.04M | 36.02M | 28.13M | 42.35M | 65.36M | 69.25M |
| Cash, Cash Equivalents and Short-Term Investments | 575.00K | 574.75K | 214.00K | 860.00K | 5.24M | 35.13M |
| Total Debt | 2.20M | 2.20M | 2.23M | 12.11M | 8.32M | 800.00K |
| Total Liabilities | 15.53M | 15.53M | 17.43M | 39.62M | 36.01M | 19.74M |
| Stockholders Equity | 16.16M | 16.16M | 12.79M | 2.73M | 29.35M | 49.51M |
Cash Flow | ||||||
| Free Cash Flow | -8.22M | -8.22M | -8.47M | -17.77M | -40.54M | -33.42M |
| Operating Cash Flow | -7.91M | -7.91M | -8.65M | -9.18M | -29.85M | -14.66M |
| Investing Cash Flow | -187.00K | -438.00K | 835.67K | -1.16M | 24.96M | -45.50M |
| Financing Cash Flow | 1.93M | 8.53M | 6.75M | 3.07M | 2.37M | 9.58M |
Fusion Fuel Green Technical Analysis
Price Trends
Market Momentum
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 1.63 is below the 20-day moving average (MA) of 1.83, below the 50-day MA of 2.03, and below the 200-day MA of 2.77, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 32.93 is Neutral, neither overbought nor oversold. The STOCH value of 22.81 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.
Latest Risks Added
1 New RiskFusion Fuel Green Peers Comparison
Overall Rating
RNW60Neutral- HTOO50Neutral
VGAS47Neutral
WAVE44Neutral
Financial Indicators
| 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% |
| RNW | 60Neutral | $2.50B | 20.89 | 9.00% | ― | 14.06% | 11.99% |
| HTOO | 50Neutral | $12.78M | -21.41 | -11.34% | ― | 75.69% | 84.18% |
| VGAS | 47Neutral | $44.76M | -3.07 | -21.80% | ― | ― | 19.55% |
| WAVE | 44Neutral | $29.64M | -7.87 | -56.33% | ― | -77.09% | -15.59% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HTOO | Fusion Fuel Green Plc | 1.66 | -1.91 | -53.50% | |
| RNW | Renew Energy Global Plc | 6.85 | -0.66 | -8.79% | |
| WAVE | Eco Wave Power Global Ab | 4.71 | -2.21 | -31.94% | |
| VGAS | Verde Clean Fuels, Inc. | 1.00 | -2.18 | -68.55% |
Fusion Fuel Green Corporate Events
Fusion Fuel’s Al Shola Gas Builds $5.2 Million LPG Engineering Pipeline in Dubai
On October 28, 2026, Fusion Fuel reported that Al Shola Gas held 87 LPG engineering contracts and 13 change orders in the UAE as of October 14, with an aggregate value of about AED 19.2 million ($5.2 million). Roughly 74% of this portfolio, represent...
Fusion Fuel Green Restructures Al Shola Gas Deal with $2 Million Share Exchange
Fusion Fuel Green PLC announced on October 22, 2026 that it had entered into a $2.0 million share exchange agreement with majority-owned subsidiary Quality Industrial Corp., effective September 23, 2026, to restructure QIND’s obligations tied t...
Fusion Fuel Green Posts First-Half 2026 Results and Expands Diversified Energy Portfolio
On October 14, 2026, Fusion Fuel reported first-half 2026 revenue of €6.5 million, down 5.7% year on year, with a gross profit of €1.9 million and an operating loss of €3.7 million driven by non-cash amortization and share-based exp...
Fusion Fuel Green Finalizes Royal Uranium Acquisition and Restates 2025 Accounts
On July 21, 2026, Fusion Fuel Green completed a share exchange in which it acquired all 81,881,029 outstanding shares of Canada-based Royal Uranium Inc. from its shareholders in return for 3,750,018 Fusion Fuel Class A ordinary shares, valuing Royal...
Fusion Fuel Green Announces Board Resignation of Director Steven Gold
Fusion Fuel Green PLC disclosed that director Steven Gold resigned from the board effective immediately on September 30, 2026, citing personal obligations and other commitments requiring greater attention. The company publicly thanked Gold for his co...
Fusion Fuel Green to Restate 2025 Financials After Currency and Goodwill Errors
On September 23, 2026, Fusion Fuel Green disclosed that its audited consolidated financial statements for the year ended December 31, 2025 must be restated due to errors in foreign currency translation of intangibles and goodwill tied to its acquisit...
Fusion Fuel Green Sets Share Exchange With QIND to Advance UAE Gas Deal
On September 23, 2026, Fusion Fuel Green PLC entered a share exchange agreement with its majority-owned U.S. subsidiary Quality Industrial Corp. to support amendments to QIND’s acquisition arrangements with UAE gas distributor Al Shola Gas and...
Fusion Fuel Green Publishes Investor Presentation for H.C. Wainwright Conference
On September 14, 2026, Fusion Fuel Green PLC posted a new investor presentation on its website ahead of management’s participation in the H.C. Wainwright 28th Annual Global Investment Conference, running from September 14 to 16, 2026. The mater...
Fusion Fuel Boosts UAE LPG Operations with New Bobtail and Key Dubai Permit
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 target r...
Fusion Fuel Green Tightens Share-Backed Loan Terms with ILUS Amid Stock Purchase Obligations
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 agree...
Fusion Fuel’s Al Shola Gas Secures $1.4 Million in Dubai LPG Contracts and Abu Dhabi Supply Deal
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 million (...
Fusion Fuel’s BrightHy Solutions Hits Key Milestones on Southern Europe Hydrogen Projects
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 miles...
Fusion Fuel Green Raises $1.55 Million in August PIPE and Uses Equity to Cut Legal Liabilities
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 securities...
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: Sep 25, 2026