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Fusion Fuel Green Plc (HTOO)
:HTOO
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Fusion Fuel Green
(NASDAQ:HTOO)
Rating:39Underperform
Price Target:
$5.00
▲(25.00% Upside)
Fusion Fuel Green (HTOO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.24M
Dividend YieldN/A
Average Volume (3M)727.52K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees116
SectorUtilities
Sector Strength60
IndustryRenewable Utilities
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,810,567
10 Day Avg. Volume37,004
30 Day Avg. Volume727,517
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.62
Enterprise Value/Revenue2.49
Enterprise Value/Gross Profit-1.25
Enterprise Value/Ebitda-0.38
Forecast
1Y Price Target
$5.00Price Target Upside25.00% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering0
Fusion Fuel Green Business Overview & Revenue Model
Company DescriptionFusion Fuel Green PLC focuses on the production of hydrogen in Portugal, Southern Europe, and Morocco. The company intends to provide hydrogen generators to clients that operate their own green hydrogen plants; green hydrogen as an output from green hydrogen plants; and operational and monitoring services of green hydrogen plants using fusion fuel hydrogen generators. It serves natural gas networks and grids, ammonia producers, oil refineries, regulators, and related government departments. The company was founded in 2018 and is based in Dublin, Ireland.
How the Company Makes MoneyFusion Fuel Green generates revenue primarily through the sale of green hydrogen produced by its proprietary technology. The company's revenue model includes direct sales of hydrogen to industrial clients, partnerships with energy companies for joint projects, and potential government contracts or subsidies aimed at promoting renewable energy initiatives. Additionally, Fusion Fuel Green may benefit from licensing its technology to other companies, thereby creating another revenue stream. Significant partnerships with other firms in the renewable energy sector and collaboration with governmental entities further enhance its earnings potential.
Fusion Fuel Green Earnings Call Summary
Earnings Call Date:Feb 26, 2025
(Q1-2024)
| % Change Since: |
Next Earnings Date:Jun 10, 2025
Earnings Call Sentiment Neutral
The earnings call presented a balanced view of Fusion Fuel's current position. The company reported significant achievements in project approvals and market expansion, which are crucial for its growth strategy. However, financial challenges, including no recognized revenue in Q1 and a NASDAQ non-compliance notice, present significant hurdles that need addressing. Overall, while there are promising developments, the financial uncertainties and project delays weigh heavily on the company's immediate outlook.Q1-2024 Updates
Positive Updates
European Commission Acceptance
The European Commission accepted the EVO Portugal project as an important project of common European interest, showing strong support and recognition for the company's initiatives.
Successful Fundraising
Fusion Fuel raised EUR 5.9 million through its ATM facility in February, providing a significant boost to the company's financial resources.
Grant Approvals
Received provisional grant approval for the 25-megawatt HEVO-Aveiro green hydrogen projects, representing an estimated EUR 5 million grant fund.
Commercial Success in Cement Industry
Completed installation of a 300-kilowatt HEVO-Chain system for a global cement leader, with potential follow-on opportunities from the same and other clients in the industry.
Broadening Market Reach
Made over 200 megawatts of offers and tenders to clients in 16 markets, indicating strong market interest and expansion potential.
Operational Efficiency Improvements
The production team achieved a more than 50% reduction in product transformation costs over the past year, with expectations to reach a 70% reduction by year-end.
Negative Updates
No Recognized Revenue
No revenue was recognized during the first quarter, indicating a delay in project completions and financial inflows.
NASDAQ Non-Compliance Notice
Received a deficiency notice from NASDAQ regarding shareholders' equity, requiring a plan to regain compliance with the $10 million equity requirement.
Capital Constraints
Acknowledged the uncertainty around the capital position as a significant concern, emphasizing the need to solidify the balance sheet.
Delayed Projects
The Bakersfield project in the U.S. and other large-scale projects are experiencing significant delays, affecting growth timelines.
Company Guidance
During Fusion Fuel Green's Q1 2024 earnings call, the company reaffirmed its guidance for the year, emphasizing the significance of its HEVO-Chain technology and strategic projects. Fusion Fuel highlighted a robust pipeline with over 200 megawatts of offers in 16 markets, comprising mostly projects under 5 megawatts, aligning with their focus on small to mid-scale opportunities. Key financial metrics included raising EUR 5.9 million in February through an ATM facility and a EUR 5 million grant for the 25-megawatt HEVO-Aveiro project. The company reported a pretax loss of EUR 5.1 million for the quarter, with non-recognized revenue expected to be recorded later in the year. Fusion Fuel's cash position was bolstered by a $1.5 million drawdown from the Macquarie facility, with plans to address NASDAQ's noncompliance notice regarding shareholder equity.Fusion Fuel Green Financial Statement Overview
Summary
Fusion Fuel Green is facing substantial financial challenges, marked by significant losses despite revenue growth. The balance sheet shows moderate leverage but lacks robust equity support, and persistent negative cash flows underscore the need for improved cash management and profitability.Income Statement
Fusion Fuel Green has shown some improvement in revenue generation, with total revenue increasing from $0 to $1,605,000 in the latest year. However, the company is still experiencing significant losses, with a net loss of $13,786,000, resulting in a negative net profit margin. The EBIT and EBITDA margins are also negative, indicating challenges in achieving operational profitability. Despite the revenue growth, the ongoing losses reflect financial instability.35
Negative
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio, with total debt at $2,232,000 and stockholders' equity at $12,791,000, suggesting some leverage but not excessively high. The equity ratio is 45.5%, indicating that less than half of the company's assets are financed by equity. There is a need for improving equity levels and managing liabilities to enhance financial stability.40
Negative
Cash Flow
The company is experiencing negative free cash flow, with a decline from -$18,129,602 to -$8,469,000. This indicates ongoing cash flow challenges. The negative operating cash flow of -$8,279,000 compared to net income suggests difficulties in converting profits into cash. The need for improved cash generation is apparent to support business operations.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.72M | 1.60M | 4.14M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.37M | 437.00K | -15.94M | -8.77M | -365.00K | 0.00 |
| EBITDA | -31.01M | -10.54M | -27.77M | -31.23M | -6.82M | -178.34M |
| Net Income | -31.02M | -13.79M | -31.02M | -27.35M | 23.56M | -183.13M |
Balance Sheet | ||||||
| Total Assets | 42.35M | 28.13M | 42.35M | 65.36M | 69.25M | 62.42M |
| Cash, Cash Equivalents and Short-Term Investments | 860.00K | 214.00K | 860.00K | 5.24M | 35.13M | 58.01M |
| Total Debt | 12.11M | 2.23M | 12.11M | 8.32M | 800.00K | 0.00 |
| Total Liabilities | 39.62M | 17.43M | 39.62M | 36.01M | 19.74M | 55.06M |
| Stockholders Equity | 2.73M | 12.79M | 2.73M | 29.35M | 49.51M | 7.36M |
Cash Flow | ||||||
| Free Cash Flow | -17.77M | -8.47M | -17.77M | -40.54M | -33.42M | -5.63M |
| Operating Cash Flow | -9.18M | -8.28M | -9.18M | -29.85M | -14.66M | -4.19M |
| Investing Cash Flow | -1.16M | 800.00K | -1.16M | 24.96M | -45.50M | -1.44M |
| Financing Cash Flow | 3.07M | 6.46M | 3.07M | 2.37M | 9.58M | 64.31M |
Fusion Fuel Green Technical Analysis
Negative
4.00
Price Trends
5.13
Negative
7.44
Negative
11.07
Negative
Market Momentum
-0.40
Negative
39.97
Neutral
45.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HTOO, the sentiment is Negative. The current price of 4 is below the 20-day moving average (MA) of 4.19, below the 50-day MA of 5.13, and below the 200-day MA of 11.07, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 45.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HTOO.
Fusion Fuel Green Risk Analysis
Fusion Fuel Green disclosed 81 risk factors in its most recent earnings report. Fusion Fuel Green reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Our business may be materially adversely affected by current global geopolitical conditions resulting from the ongoing Russia-Ukraine conflict and the recent escalation of the Israel-Hamas conflict. Q4, 2023
Fusion Fuel Green Peers Comparison
Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.24B | 18.03 | 5.54% | 3.64% | 6.63% | 11.55% | |
54 Neutral | $335.04M | ― | -101.08% | ― | -82.87% | -59.38% | |
54 Neutral | $50.16M | ― | -43.16% | ― | -46.17% | -54.38% | |
45 Neutral | $8.92M | ― | -771.66% | ― | -98.36% | 56.27% | |
39 Underperform | $7.24M | ― | -1134.77% | ― | ― | ― | |
37 Underperform | $133.20M | ― | -19.15% | ― | ― | 10.88% | |
32 Underperform | $5.64M | ― | -335.00% | ― | ― | ― |
* Utilities Sector Average
Performance Comparison
HTOO
Fusion Fuel Green
4.00
-18.01
-81.83%
ADN
Advent Technologies Holdings
3.34
1.41
73.06%
NRGV
Energy Vault Holdings
2.07
1.22
143.53%
WAVE
Eco Wave Power Global
8.59
4.74
123.12%
VGAS
Verde Clean Fuels
2.99
-0.74
-19.84%
BNRG
Brenmiller
2.07
-4.23
-67.14%
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.