TipRanks
Go Ultimate55% OFF

FuelPositive Corp. (NHHH) AI Stock Analysis

TSE:NHHH

FuelPositive Corp.

(TSXV:NHHH)

Select Model
Rating:48Neutral
Price Target:CAD 0.06â–²(6.67% Upside)
Action:reiterated
Date:09/06/26

Weak financial performance from pre-revenue losses and cash burn is the dominant factor capping the score. Mildly supportive technical indicators provide a partial offset, while poor valuation metrics due to negative earnings further constrain the rating.

Positive Factors
Low LeverageLow leverage gives FuelPositive a stronger solvency position than its loss profile alone would suggest. Limited debt reduces interest and refinancing pressure, preserving more flexibility to fund commercialization and manage operating volatility while revenue remains unproven.
Negative Factors
No Demonstrated Revenue BaseThe absence of reported revenue means FuelPositive has not yet validated commercial adoption or established a recurring economic engine. Until system sales, deployments, or service income scale, future growth depends on converting its technology proposition into paying customer demand.

FuelPositive Corp. (NHHH) vs. iShares MSCI Canada ETF (EWC)

-60%-40%-20%0%20%40%TSE:NHHH+3.17%EWC+23.59%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 35.79M
Dividend Yield
―
Average Volume (3M)
170.90K
Price to Earnings (P/E)
-7.8
Beta (1Y)
1.91
Revenue Growth
―
EPS Growth
67.57%
Country
Canada
Employees
9
Sector
General
Sector Strength
55
Industry
Electrical Equipment & Parts

FuelPositive Corp. Business Overview & Revenue Model

Company Description

FuelPositive Corporation is an innovative technology company focused on delivering sustainable energy solutions. At the core of its offerings is green ammonia (NH3), a clean technology designed for a broad spectrum of industrial uses and applications...

How the Company Makes Money

FuelPositive’s expected revenue model is tied to commercializing its containerized green ammonia production systems. Potential revenue streams include (1) sale of the ammonia production units (hardware/system sales), and/or (2) recurring revenue asso...

FuelPositive Corp. Financial Statement Overview

Summary

Pre-revenue with zero sales, persistent net losses, and ongoing cash burn erode equity, though minimal debt provides limited stability.

Income Statement

12Very Negative

Balance Sheet

48Neutral

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMMar 2026Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit-2.71M-2.90M-3.04M-2.59M-1.83M-543.87K
EBITDA-1.77M-1.53M-8.27M-9.14M-12.46M-5.82M
Net Income-4.61M-4.70M-19.12M-13.18M-13.92M-6.61M
Balance Sheet
Total Assets12.55M11.65M14.91M27.14M28.84M32.85M
Cash, Cash Equivalents and Short-Term Investments2.58M56.62K55.04K1.87M2.21M5.26M
Total Debt1.21M1.06M505.74K142.40K172.80K260.55K
Total Liabilities3.80M3.84M2.43M805.26K1.29M1.81M
Stockholders Equity13.49M12.36M16.96M30.81M32.09M35.20M
Cash Flow
Free Cash Flow-1.78M-583.57K-5.35M-7.59M-9.95M-4.22M
Operating Cash Flow-1.78M-583.57K-5.24M-4.50M-7.14M-4.00M
Investing Cash Flow-98.26K-98.26K-106.27K-3.09M-3.07M-414.23K
Financing Cash Flow4.43M683.41K3.53M7.26M7.16M9.66M

FuelPositive Corp. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.06

Price Trends

50DMA0.06Negative
100DMA0.05Positive
200DMA0.05Positive

Market Momentum

MACD0.00Positive
RSI47.96Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NHHH, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 47.96 is Neutral, neither overbought nor oversold. The STOCH value of is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NHHH.

FuelPositive Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:NHHH against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:ELVATSE:ELVA52NeutralCAD 365.99M53.447.92%―29.42%247.98%
TSE:NHHHTSE:NHHH48NeutralCAD 44.37M-7.83-38.35%――67.57%
TSE:EGTTSE:EGT41NeutralCAD 3.98M-1.049.87%―――
TSE:LPSTSE:LPS38UnderperformCAD 15.64M-7.466067.59%―0.60%50.19%
TSE:BESTSE:BES37UnderperformCAD 2.93M-0.99107.32%―-18.75%11.40%

* General Sector Average

Performance Comparison

-50%0%50%100%150%TSE:NHHHTSE:ELVATSE:EGTTSE:LPSTSE:BESTSE:ABNDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:NHHH and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:NHHHFuelPositive Corp.0.070.018.33%
TSE:ELVAElectrovaya Inc.7.32-0.85-10.40%
TSE:EGTEguana Technologies0.09-0.05-37.14%
TSE:LPSLegend Power Systems0.10-0.05-33.33%
TSE:BESBraille Energy Systems0.03-0.06-68.75%
TSE:ABNDZinc8 Energy Solutions, Inc.0.170.0541.67%

FuelPositive Corp. Corporate Events

Business Operations and StrategyExecutive/Board ChangesShareholder Meetings

FuelPositive Shareholders Back Governance and Incentive Plans at 2026 Meeting

Positive
Aug 11, 2026

FuelPositive Corp. reported that shareholders approved all items at its Annual General and Special Meeting held on August 11, 2026, with nearly half of the outstanding common shares voted. Investors confirmed a four-member board, re-elected all direc...

Business Operations and StrategyPrivate Placements and Financing

FuelPositive Secures Financing and Restructures Debt to Advance Green Ammonia Demo

Positive
Aug 7, 2026

FuelPositive Corp. has completed a non-brokered private placement, raising $4.26 million through the issuance of units comprising common shares and warrants, with proceeds earmarked to activate and demonstrate its Manitoba green ammonia system and to...

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: Sep 06, 2026