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First Hydrogen
(FHYD)
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Rating:47Neutral
Price Target:
C$0.40
▼(-1.46% Downside)
Action:Reiterated
Date:08/30/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, negative equity, and continued cash burn), partially offset by a mildly improving technical setup and only modest support from valuation due to loss-making fundamentals and no dividend.
Positive Factors
Narrowing Losses
The reduction in annual net losses indicates improving cost control or operating efficiency. Although profitability remains negative, continued loss reduction could extend the company’s funding runway and support progress toward commercial scale.
Negative Factors
No Demonstrated Revenue
The absence of revenue means the company has not yet demonstrated product-market fit, customer adoption or recurring commercial demand. Until vehicle or infrastructure programs convert into sales, financial performance remains dependent on development progress and external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Narrowing Losses
The reduction in annual net losses indicates improving cost control or operating efficiency. Although profitability remains negative, continued loss reduction could extend the company’s funding runway and support progress toward commercial scale.
Read all positive factors
First Hydrogen (FHYD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$36.58M
Dividend YieldN/A
Average Volume (3M)12.95K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue GrowthN/A
EPS Growth58.73%
CountryCA
Employees49
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.03
Shares Outstanding89,228,880
10 Day Avg. Volume7,970
30 Day Avg. Volume12,953
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)-6.32
Price to Sales (P/S)0.00
P/FCF Ratio-25.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
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
First Hydrogen Business Overview & Revenue Model
Company Description
First Hydrogen Corp. specializes in three key sectors: zero-emission vehicle development, green hydrogen production and distribution, and supercritical carbon dioxide extractor systems. The company is currently engaged in the design and constructi...
How the Company Makes Money
Publicly available information indicates First Hydrogen has been in a development and demonstration stage, and detailed, consistent disclosure of a mature, recurring revenue model is limited; therefore, a precise breakdown of how the company curre...
First Hydrogen Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 160.06K | 0.00 |
| Gross Profit | -105.07K | -118.06K | -117.00K | 5.55K | 0.00 |
| EBITDA | -1.93M | -4.11M | -10.45M | -13.40M | 16.00K |
| Net Income | -2.67M | -5.07M | -10.91M | -13.85M | -8.87M |
Balance Sheet | |||||
| Total Assets | 2.06M | 1.82M | 2.15M | 4.24M | 5.15M |
| Cash, Cash Equivalents and Short-Term Investments | 861.90K | 11.51K | 87.47K | 394.82K | 2.60M |
| Total Debt | 2.58M | 3.68M | 2.23M | 30.80K | 1.26M |
| Total Liabilities | 7.00M | 7.50M | 4.28M | 3.15M | 4.03M |
| Stockholders Equity | -4.93M | -5.68M | -2.13M | 1.09M | 1.12M |
Cash Flow | |||||
| Free Cash Flow | -1.23M | -1.53M | -9.09M | -13.65M | -7.15M |
| Operating Cash Flow | -1.23M | -1.53M | -8.92M | -13.64M | -7.15M |
| Investing Cash Flow | 0.00 | 0.00 | -165.48K | -12.35K | -20.26K |
| Financing Cash Flow | 2.08M | 1.46M | 8.78M | 11.58M | 8.11M |
First Hydrogen Technical Analysis
Positive
0.41
Price Trends
0.39
Positive
0.42
Negative
0.41
Negative
Market Momentum
>-0.01
Negative
56.91
Neutral
85.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FHYD, the sentiment is Positive. The current price of 0.41 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.39, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.91 is Neutral, neither overbought nor oversold. The STOCH value of 85.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FHYD.
First Hydrogen Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$5.84B | 8.62 | 10.96% | 1.14% | 9.32% | 227.52% | |
72 Outperform | C$24.28B | 24.18 | 6.14% | 2.92% | 1.59% | -35.21% | |
65 Neutral | C$710.94M | 5.94 | 7.89% | 1.98% | -2.65% | ― | |
63 Neutral | C$2.69B | 34.03 | -22.22% | ― | 14.75% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | C$36.58M | -11.68 | 51.72% | ― | ― | 58.73% | |
47 Neutral | C$48.44M | -0.77 | -63.29% | ― | -96.27% | 32.55% |
* Consumer Cyclical Sector Average
TSE:FHYD
First Hydrogen
0.41
-0.13
-24.07%
TSE:MG
Magna International
91.48
30.46
49.91%
TSE:WPRT
Westport Fuel Systems
2.55
-1.27
-33.25%
TSE:LNR
Linamar
99.06
25.06
33.86%
TSE:MRE
Martinrea International
10.16
>-0.01
-0.03%
TSE:NFI
NFI Group Inc
22.55
4.34
23.83%
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.