Next Hydrogen Solutions Inc AI Stock Analysis
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Next Hydrogen Solutions Inc (NXH) AI Stock Analysis
Next Hydrogen Solutions Inc
(TSXV:NXH)
The score is primarily held back by weak financial performance—low margins, heavy losses, and continued negative operating/free cash flow—despite improving revenue. Technicals also show a soft trend with the stock below major moving averages and only neutral momentum. Valuation is difficult to support because the company is loss-making (negative P/E) and offers no dividend yield data.
Next Hydrogen Solutions Inc (NXH) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 27.73M
- Dividend Yield
- ―
- Average Volume (3M)
- 17.72K
- Price to Earnings (P/E)
- -2.9
- Beta (1Y)
- -0.55
- Revenue Growth
- 374.59%
- EPS Growth
- 74.40%
- Country
- Canada
- Employees
- 60
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial - Machinery
Next Hydrogen Solutions Inc Business Overview & Revenue Model
Company Description
Next Hydrogen Solutions Inc. develops, produces, and markets advanced electrolysis systems that convert water and electricity into clean hydrogen for energy applications. The company provides commercial-scale technologies designed to aid the decarbon...
How the Company Makes Money
Next Hydrogen Solutions Inc. generates revenue primarily by selling or contracting to supply water electrolysis systems (electrolyzer units and associated balance-of-plant/system integration) to customers building green hydrogen projects. To the exte...
Next Hydrogen Solutions Inc Financial Statement Overview
Summary
Revenue is growing (TTM ~$4.0M, +17.8%), but fundamentals remain weak: low gross margin (~9%), very large losses (net margin ~-221%), and significant ongoing cash burn (TTM operating cash flow about -$9.0M; free cash flow about -$9.4M). Balance sheet leverage is moderate (debt-to-equity ~1.0) but has worsened versus prior levels, increasing risk if losses persist.
Income Statement
18Very NegativeBalance Sheet
42NeutralCash Flow
15Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.99M | 3.42M | 1.36M | 951.91K | 721.59K | 177.59K |
| Gross Profit | 255.28K | 766.78K | -334.35K | -288.79K | -712.06K | 95.35K |
| EBITDA | -5.76M | -6.71M | -13.46M | -10.91M | -13.32M | -25.98M |
| Net Income | -7.52M | -7.65M | -14.60M | -12.01M | -14.28M | -25.01M |
Balance Sheet | ||||||
| Total Assets | 24.37M | 28.97M | 15.46M | 25.44M | 33.73M | 48.06M |
| Cash, Cash Equivalents and Short-Term Investments | 12.17M | 18.52M | 3.59M | 10.91M | 22.08M | 39.20M |
| Total Debt | 9.54M | 8.34M | 4.68M | 1.83M | 2.04M | 2.24M |
| Total Liabilities | 17.47M | 16.63M | 16.83M | 12.84M | 9.82M | 10.26M |
| Stockholders Equity | 6.90M | 12.08M | -1.37M | 12.61M | 23.91M | 37.79M |
Cash Flow | ||||||
| Free Cash Flow | -9.45M | -8.78M | -10.69M | -10.75M | -16.67M | -13.67M |
| Operating Cash Flow | -8.96M | -7.29M | -10.00M | -8.22M | -12.64M | -12.55M |
| Investing Cash Flow | -500.84K | -1.49M | -678.04K | -2.53M | -4.04M | -1.55M |
| Financing Cash Flow | 19.86M | 23.72M | 3.35M | -425.68K | -440.47K | 52.21M |
Next Hydrogen Solutions Inc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NXH, the sentiment is Negative. The current price of 0.40 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.42, and below the 200-day MA of 0.51, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 47.18 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:NXH.
Next Hydrogen Solutions Inc Peers Comparison
Overall Rating
TSE:PYR55Neutral
TSE:ATS51Neutral
TSE:TLA47Neutral
TSE:VLN45Neutral
TSE:BLDP44Neutral- TSE:NXH42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:PYR | 55Neutral | CAD 44.14M | -3.97 | 112.32% | ― | 11.62% | 16.81% |
| TSE:ATS | 51Neutral | CAD 2.35B | 261.71 | 0.48% | ― | 6.53% | ― |
| TSE:TLA | 47Neutral | CAD 12.59M | -14.68 | -5.66% | ― | -8.43% | -233.47% |
| TSE:VLN | 45Neutral | CAD 385.95M | -10.69 | -14.80% | 3.17% | -9.05% | 73.48% |
| TSE:BLDP | 44Neutral | CAD 737.29M | -5.89 | -13.16% | ― | 45.07% | 73.98% |
| TSE:NXH | 42Neutral | CAD 30.57M | -2.88 | -138.91% | ― | 374.59% | 74.40% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:NXH | Next Hydrogen Solutions Inc | 0.40 | -0.38 | -48.72% | |
| TSE:BLDP | Ballard Power | 2.14 | -2.34 | -52.23% | |
| TSE:ATS | Ats Corporation | 25.15 | -12.50 | -33.20% | |
| TSE:PYR | PyroGenesis Canada | 0.20 | 0.00 | 0.00% | |
| TSE:TLA | Titan Logix | 0.47 | -0.07 | -12.04% | |
| TSE:VLN | Velan Inc. SV | 17.67 | 0.17 | 0.97% |
Next Hydrogen Solutions Inc Corporate Events
Next Hydrogen Advances 10 MW BC Fueling Project as Province Builds Out Hydrogen Transport Network
PositiveNext Hydrogen Solutions Inc., a Canadian designer and manufacturer of advanced water electrolysers for green hydrogen production, is leveraging its proprietary high-current-density technology to serve infrastructure-scale energy and industrial market...
Next Hydrogen Lifts Revenue, Names New CEO as Fusion Contracts Advance
PositiveNext Hydrogen reported second-quarter 2026 revenue of $878,738, up sharply year-over-year on significant development contracts, with first-half revenue reaching $1.18 million, while net losses remained broadly in line with the prior year and cash dec...
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 16, 2026