Fusion Fuel Green (HTOO)
NASDAQ:HTOO
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Fusion Fuel Green
(NASDAQ:HTOO)
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Rating:43Neutral
Price Target:
$3.00
▼(-26.65% Downside)
Action:Upgraded
Date:05/10/26
The score is held down primarily by weak financial quality—continued losses and significant negative operating/free cash flow—despite improved revenue and gross margin and manageable leverage. Technicals also remain weak with the stock below major moving averages and subdued momentum. Valuation factors provide little support due to a non-meaningful P/E and no dividend yield data.
Positive Factors
Operational subsidiaries driving recurring revenue
Majority-owned operating units (Al Shola Gas, QIND) are producing contractual engineering revenue and recurring fuel distribution income. This creates more predictable cash flows and reduces reliance on R&D projects, supporting a diversified, utility-like revenue base that can sustain operations over coming quarters.
Negative Factors
Persistent negative operating and free cash flow
Material negative operating and free cash flow indicate the company is still burning cash from core activities, requiring ongoing external funding or asset sales. This structural cash shortfall pressures liquidity, risks dilution from financing, and constrains the firm's ability to invest organically or scale without persistent capital injections.
Read all positive and negative factors
Positive Factors
Negative Factors
Operational subsidiaries driving recurring revenue
Majority-owned operating units (Al Shola Gas, QIND) are producing contractual engineering revenue and recurring fuel distribution income. This creates more predictable cash flows and reduces reliance on R&D projects, supporting a diversified, utility-like revenue base that can sustain operations over coming quarters.
Read all positive factors
Fusion Fuel Green (HTOO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.54M
Dividend YieldN/A
Average Volume (3M)343.90K
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue Growth838.07%
EPS Growth88.10%
CountryUS
Employees116
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-2.12
Shares Outstanding3,017,842
10 Day Avg. Volume143,412
30 Day Avg. Volume343,897
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.23
Price to Sales (P/S)0.27
P/FCF Ratio-0.46
Enterprise Value/Market Cap0.66
Enterprise Value/Revenue1.34
Enterprise Value/Gross Profit-0.67
Enterprise Value/Ebitda-0.20
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fusion Fuel Green Business Overview & Revenue Model
Company Description
Fusion 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 gre...
How the Company Makes Money
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Fusion Fuel Green Earnings Call Summary
Earnings Call Date:Jun 05, 2024
(Q1-2024)
| % Change Since: |
Next Earnings Date:Jun 09, 2026
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.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.
Negative Updates
No Recognized Revenue
No revenue was recognized during the first quarter, indicating a delay in project completions and financial inflows.
Read all updates
Q1-2024 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.72M | 13.85M | 1.60M | 4.14M | 0.00 | 0.00 |
| Gross Profit | -9.37M | 3.87M | 437.00K | -15.94M | -8.77M | -365.00K |
| EBITDA | -31.01M | -8.89M | -10.54M | -27.77M | -31.23M | -6.82M |
| Net Income | -31.02M | -1.63M | -13.79M | -31.02M | -27.35M | 23.56M |
Balance Sheet | ||||||
| Total Assets | 42.35M | 36.02M | 28.13M | 42.35M | 65.36M | 69.25M |
| Cash, Cash Equivalents and Short-Term Investments | 860.00K | 574.75K | 214.00K | 860.00K | 5.24M | 35.13M |
| Total Debt | 12.11M | 2.20M | 2.23M | 12.11M | 8.32M | 800.00K |
| Total Liabilities | 39.62M | 15.53M | 17.43M | 39.62M | 36.01M | 19.74M |
| Stockholders Equity | 2.73M | 16.16M | 12.79M | 2.73M | 29.35M | 49.51M |
Cash Flow | ||||||
| Free Cash Flow | -17.77M | -8.22M | -8.47M | -17.77M | -40.54M | -33.42M |
| Operating Cash Flow | -9.18M | -7.91M | -8.28M | -9.18M | -29.85M | -14.66M |
| Investing Cash Flow | -1.16M | -438.00K | 800.00K | -1.16M | 24.96M | -45.50M |
| Financing Cash Flow | 3.07M | 8.53M | 6.46M | 3.07M | 2.37M | 9.58M |
Fusion Fuel Green Technical Analysis
Neutral
4.09
Price Trends
2.98
Positive
3.32
Negative
3.77
Negative
Market Momentum
-0.04
Positive
49.11
Neutral
63.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HTOO, the sentiment is Neutral. The current price of 4.09 is above the 20-day moving average (MA) of 3.09, above the 50-day MA of 2.98, and above the 200-day MA of 3.77, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 49.11 is Neutral, neither overbought nor oversold. The STOCH value of 63.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
57 Neutral | $2.13B | 14.24 | 8.54% | ― | 30.87% | 121.64% | |
56 Neutral | $53.20M | -13.25 | -64.74% | ― | -77.09% | -82.90% | |
43 Neutral | $87.76M | -7.73 | -43.78% | ― | ― | 26.87% | |
43 Neutral | $9.54M | -2.33 | -177.63% | ― | 838.07% | 88.10% | |
41 Neutral | $809.28K | ― | -327.21% | ― | ― | 21.46% |
* Utilities Sector Average
HTOO
Fusion Fuel Green
3.01
-7.21
-70.55%
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ReNew Energy Global
5.92
-1.08
-15.43%
WAVE
Eco Wave Power Global
8.80
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VGAS
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BNRG
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1.63
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Fusion Fuel Green Corporate Events
Fusion Fuel Highlights QIND Q1 Turnaround and New LPG Contract Wins Amid Ongoing Merger Uncertainty
May 15, 2026
On May 15, 2026, Fusion Fuel Green PLC reported first-quarter 2026 results for majority-owned subsidiary Quality Industrial Corp., showing QIND’s revenue edged up to $3.67 million and gross profit reached $1.0 million, while operating expens...
Fusion Fuel Schedules May 27 Investor Update and June Extraordinary Meeting
May 12, 2026
On May 12, 2026, Fusion Fuel Green PLC said it will publish an investor update video and presentation on May 27, outlining recent strategic progress and operational priorities for the rest of 2026. Management plans to brief shareholders on its div...
Fusion Fuel Launches First Biomass Steam Project in South Africa via BioSteam Joint Venture
May 11, 2026
On May 11, 2026, Fusion Fuel Green announced that its majority-owned joint venture Biosteam Energy had installed, commissioned and begun commercial operations of its first biomass-powered industrial steam project at a dairy facility in South Afric...
Fusion Fuel Posts 2025 Revenue Surge as It Accelerates Shift to Diversified Global Energy Platform
May 7, 2026
On May 7, 2026, Fusion Fuel reported that revenue for the year ended Dec. 31, 2025 surged to €14.4 million, an almost eightfold increase from 2024, driven mainly by a full year of consolidated results from UAE-based Al Shola Gas. Gross profi...
Fusion Fuel Green Overhauls Leadership as It Deepens Push Into Uranium Royalties
Apr 23, 2026
On April 21, 2026, Fusion Fuel Green announced a leadership reshuffle that saw John‑Paul Backwell resign as chief executive and chairman for personal and health reasons, though he will remain on the board and advise the company as a consulta...
Fusion Fuel Flags Potential Huemul Uranium Royalty Income as It Moves to Acquire Royal Uranium
Apr 20, 2026
On April 20, 2026, Fusion Fuel Green PLC highlighted potential revenue from a 1.0% net smelter return royalty on Jaguar Uranium’s Huemul Project in Mendoza, Argentina, which it expects to gain through its planned acquisition of a controlling...
Fusion Fuel Flags Royalty Upside From Jaguar Uranium’s Berlin Rare Earth Program
Apr 9, 2026
On April 9, 2026, Fusion Fuel Green PLC highlighted the potential upside from a 1.0% net smelter return royalty held by Royal Uranium Inc. over Jaguar Uranium’s Berlin Project in Caldas, Colombia, where an initial rare earth element assessme...
Fusion Fuel’s Al Shola Gas Wins $1.14 Million in Dubai LPG Contracts as Gulf Tensions Rise
Apr 7, 2026
On April 7, 2026, Fusion Fuel Green announced that its majority-owned UAE subsidiary Al Shola Gas secured 16 new LPG engineering subcontracts in Dubai worth about $1.14 million, including a roughly $0.5 million flagship Terra Heights dual-tower pr...
Fusion Fuel Green’s QIND Subsidiary Posts 46% Revenue Jump and Sets $20 Million 2026 Target
Apr 2, 2026
On April 2, 2026, Fusion Fuel Green reported that its majority-owned subsidiary Quality Industrial Corp. delivered strong top-line growth in fiscal 2025, with revenue rising 45.9% to $16.3 million and gross profit increasing 20.8% to $4.8 million,...
Fusion Fuel Highlights Shea Creek Uranium Royalty Ahead of Royal Uranium Acquisition Close
Mar 25, 2026
Fusion Fuel Green PLC, listed on Nasdaq as HTOO, provides integrated energy engineering, distribution and green hydrogen solutions via its Al Shola Gas, BrightHy Solutions and BioSteam Energy platforms. With operations spanning LPG supply through ...
Fusion Fuel Green Adds Uranium Veteran to Board as It Accelerates Royalty Strategy and Royal Uranium Deal
Mar 23, 2026
On March 17, 2026, Fusion Fuel Green’s board elected uranium investor James Passin as a Class III director and appointed him to the audit, compensation, and nominating and corporate governance committees, under a standard non-executive agree...
Fusion Fuel Moves to Secure Athabasca Uranium Royalties via Royal Uranium Deal
Mar 17, 2026
On March 17, 2026, Fusion Fuel highlighted key assets within Royal Uranium’s portfolio that it plans to acquire under a February 18, 2026 share exchange agreement, notably a 2.0% net smelter return royalty over 12,067 hectares in the Cameco-...
Fusion Fuel Maps Royalty Exposure to Jaguar Uranium’s 2026 Exploration Drive
Mar 11, 2026
On March 11, 2026, Fusion Fuel Green PLC detailed its expected royalty exposure to Jaguar Uranium Corp.’s 2026 exploration campaign in Argentina and Colombia via its planned acquisition of Royal Uranium Inc. Royal Uranium holds a 2.0% net sm...
Fusion Fuel’s Al Shola Unit Wins $1.16 Million LPG Engineering Deals in Dubai
Mar 5, 2026
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, insta...
Fusion Fuel Moves Into Uranium and Gas Royalties With Royal Uranium Deal
Feb 18, 2026
On February 18, 2026, Fusion Fuel Green PLC signed a definitive share exchange agreement to acquire between 75% and 100% of Royal Uranium Inc., valuing the Canadian royalty company at $15 million and paying with up to 3,750,025 Fusion Fuel Class A...
Fusion Fuel Green Raises $2.6 Million and Adds Mineral Advisors in February 2026 Financing Moves
Feb 18, 2026
On February 12, 2026, Fusion Fuel Green PLC signed 12‑month Mineral Element Advisory Agreements with three advisors to support the evaluation and execution of potential mineral asset transactions, including due diligence, negotiations, logi...
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.