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First Hydrogen (FHYD) AI Stock Analysis
First Hydrogen
(TSXV:FHYD)
The overall score is at the minimum of 37, reflecting extreme risk across all evaluated areas. The company is pre-revenue and technically insolvent, with a balance sheet showing negative equity. The stock is in a clear downtrend below all major moving averages. The negative P/E ratio underscores the lack of earnings. The only positive signal is a reduction in cash burn, but this is insufficient to offset the fundamental and technical weaknesses.
First Hydrogen (FHYD) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 19.73M
- Dividend Yield
- ―
- Average Volume (3M)
- 22.84K
- Price to Earnings (P/E)
- -11.0
- Beta (1Y)
- 0.98
- Revenue Growth
- ―
- EPS Growth
- 58.73%
- Country
- Canada
- Employees
- 49
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Auto - Manufacturers
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 construction...
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 currentl...
First Hydrogen Financial Statement Overview
Summary
The company is pre-revenue with zero sales and deeply negative margins. The balance sheet is technically insolvent with negative stockholders' equity of -$2.6M. The only mitigating factor is a significant reduction in cash burn, but the overall financial health remains critically weak.
Income Statement
1Very NegativeBalance Sheet
1Very NegativeCash Flow
8Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 160.06K | 0 |
| Gross Profit | -105.07K | -105.07K | -118.06K | -117.00K | 5,549 | 0 |
| EBITDA | -2.02M | -1.93M | -4.11M | -10.45M | -13.40M | 16.04K |
| Net Income | -2.67M | -2.67M | -5.07M | -10.91M | -13.85M | -8.87M |
Balance Sheet | ||||||
| Total Assets | 2.06M | 2.06M | 1.82M | 2.15M | 4.24M | 5.15M |
| Cash, Cash Equivalents and Short-Term Investments | 861.90K | 861.90K | 11.51K | 87.47K | 394.82K | 2.60M |
| Total Debt | 2.58M | 2.58M | 3.68M | 2.23M | 30.80K | 1.26M |
| Total Liabilities | 7.00M | 7.00M | 7.50M | 4.28M | 3.15M | 4.03M |
| Stockholders Equity | -4.93M | -4.93M | -5.68M | -2.13M | 1.09M | 1.12M |
Cash Flow | ||||||
| Free Cash Flow | -1.23M | -1.23M | -1.53M | -9.09M | -13.65M | -7.15M |
| Operating Cash Flow | -1.23M | -1.23M | -1.53M | -8.92M | -13.64M | -7.15M |
| Investing Cash Flow | 0 | 0 | 0 | -165.48K | -12.35K | -20.26K |
| Financing Cash Flow | 2.08M | 2.08M | 1.46M | 8.78M | 11.58M | 8.11M |
First Hydrogen Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FHYD, the sentiment is Negative. The current price of 0.29 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.36, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.91 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FHYD.
First Hydrogen Peers Comparison
Overall Rating
TSE:LNR83Outperform
TSE:NFI68Neutral
TSE:MRE65Neutral
TSE:MG62Neutral- TSE:FHYD37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:LNR | 83Outperform | CAD 5.22B | 7.70 | 10.96% | 1.34% | 9.32% | 227.52% |
| TSE:NFI | 68Neutral | CAD 2.91B | 36.63 | 10.42% | ― | 14.75% | ― |
| TSE:MRE | 65Neutral | CAD 661.96M | 5.53 | 7.89% | 2.11% | -2.65% | ― |
| TSE:MG | 62Neutral | CAD 23.60B | 23.45 | 6.97% | 3.06% | 0.36% | -14.27% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| TSE:FHYD | 37Underperform | CAD 27.20M | -11.05 | 46.27% | ― | ― | 58.73% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:FHYD | First Hydrogen Corp | 0.29 | -0.18 | -38.54% | |
| TSE:MG | Magna International | 88.91 | 21.86 | 32.61% | |
| TSE:LNR | Linamar Corp. | 88.50 | 13.14 | 17.44% | |
| TSE:MRE | Martinrea International Inc. | 9.46 | -0.58 | -5.81% | |
| TSE:NFI | NFI Group | 24.40 | 10.12 | 70.87% |
First Hydrogen Corporate Events
First Hydrogen Unveils Modular Patent-Backed Unmanned Ground Vehicle
PositiveFirst Hydrogen has completed the build of its patented unmanned ground vehicle, moving the technology from development to a working platform that showcases its core architecture, mobility and modular payload capabilities. The company now holds exclus...
First Hydrogen Secures Exclusive Rights to AI-Driven Ground Drone Platform
PositiveFirst Hydrogen Corp. has secured exclusive worldwide rights to commercialize a patented unmanned ground vehicle platform from Exodus Actuation Solutions, covering all future intellectual property while paying a small royalty on gross sales. The AI-en...
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 23, 2026