Fusion Fuel Green (HTOO) stock has seen its second major rally of the week on Friday. This came after the clean energy company announced a $4.3 million private investment in public equity (PIPE). The company will use the funds to repay the debt from its outstanding Senior Convertible Notes dated January 10, 2025, and March 3, 2025. Any remaining funds will be used for general corporate and working capital purposes, and transaction-related costs.
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Under the terms of this agreement, the company will sell 269,459 Class A Ordinary Shares, pre-funded warrants to purchase 541,706 shares at a nominal exercise price of $0.0035 per share, warrants to purchase 1,622,330 shares at an exercise price of $4.926 per share, and warrants to purchase 811,165 shares at an exercise price of $9.852 per share. The pre-funded warrants can be exercised at any time, while the others have a three-year window.
Fusion Fuel Green stock saw another huge rally earlier this week. This came alongside a €30 million collaboration for subsidiary Bright Hydrogen Solutions. That deal includes funding for multiple hydrogen infrastructure projects over the next four years.
Fusion Fuel Green Stock Movement Today
Fusion Fuel Green stock was up 57.93% during pre-market trading on Friday, following a 24.32% drop yesterday. The shares were also down 75.99% year-to-date and 84.17% over the past 12 months. Today’s rally came with heavy trading, as some 7 million shares changed hands, compared to a three-month daily average of 1.1 million shares.
Is Fusion Fuel Green Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Fusion Fuel Green stock is thin. Fortunately, TipRanks’ AI analyst spark has it covered. Spark rates HTOO stock an Underperform (39) with a $6.50 price target, representing a 37.42% upside for the shares. It cites “significant financial challenges and poor valuation metrics” as reasons for this stance.
