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Fusion Fuel’s Al Shola Unit Wins $1.16 Million LPG Engineering Deals in Dubai

Story Highlights
  • Fusion Fuel’s affiliate Al Shola Gas won $1.16 million in LPG engineering subcontracts for two Dubai residential projects.
  • New projects and delivery vehicles are set to expand Al Shola Gas’s UAE LPG footprint and boost Fusion Fuel’s recurring revenue base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fusion Fuel’s Al Shola Unit Wins $1.16 Million LPG Engineering Deals in Dubai

Meet Samuel – Your Personal Investing Prophet

Fusion Fuel Green ( (HTOO) ) has issued an update.

On March 5, 2026, Fusion Fuel Green announced that Al Shola Al Modea Gas Distribution, in which it holds an indirect stake, had been awarded two engineering subcontracts in Dubai worth about $1.16 million. The contracts cover design, supply, installation, testing and commissioning of centralized LPG systems for multiple buildings across two residential developments in the United Arab Emirates.

Project execution was slated to begin immediately and follow the construction schedules of the developments, with Al Shola Gas expected to secure a further LPG utility operations subcontract serving roughly 2,900 apartments and six boiler rooms upon completion of the larger project. To support these and future contracts, Al Shola Gas ordered new LPG delivery vehicles, aiming to reach tighter urban locations, expand its service coverage and strengthen both its position in the UAE LPG contractor market and Fusion Fuel’s portfolio of engineering and utility projects in the Middle East.

The company reported that Al Shola Gas had a strong start to 2026, driven by sustained demand for LPG engineering and distribution across the UAE. Management indicated that the Dubai awards underscore ongoing infrastructure investment and robust residential development, with the enhanced fleet expected to increase delivery flexibility and help grow recurring bulk LPG revenue, reinforcing Fusion Fuel’s strategic push into recurring utility operations income in the region.

The most recent analyst rating on (HTOO) stock is a Sell with a $3.00 price target. To see the full list of analyst forecasts on Fusion Fuel Green stock, see the HTOO Stock Forecast page.

Spark’s Take on HTOO Stock

According to Spark, TipRanks’ AI Analyst, HTOO is a Underperform.

Fusion Fuel Green’s stock score is primarily impacted by its weak financial performance, characterized by ongoing losses and negative cash flows. The technical analysis indicates a bearish trend with weak momentum. Valuation metrics are unfavorable due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall stock score.

To see Spark’s full report on HTOO stock, click here.

More about Fusion Fuel Green

Fusion Fuel Green PLC, listed on Nasdaq under the ticker HTOO, operates in the energy services sector, providing energy supply, distribution, and engineering and advisory solutions. Through subsidiaries including Al Shola Gas, Bright Hydrogen Solutions and BioSteam Energy, it serves commercial, industrial and residential customers with LPG systems, hydrogen decarbonization services and biomass-powered steam solutions.

Average Trading Volume: 65,777

Technical Sentiment Signal: Sell

Current Market Cap: $7.62M

For a thorough assessment of HTOO stock, go to TipRanks’ Stock Analysis page.

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