Charbone Hydrogen Corporation (TSE:CH)
:CH
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Charbone Hydrogen Corporation
(CH)
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Rating:43Neutral
Price Target:
C$0.10
â–¼(-46.84% Downside)
Action:ReiteratedDate:02/04/26
The score is driven down primarily by weak financial performance, including shrinking revenue, large losses, and a high-risk balance sheet with negative equity. Technicals are also bearish with negative MACD and price below key moving averages, though oversold RSI/Stoch modestly temper the downside. Valuation is constrained by negative earnings (negative P/E) and no dividend support.
Positive Factors
Structural Market Tailwinds
Charbone operates in the long-term secular market for green hydrogen driven by decarbonization of transport, industry and power. These durable demand drivers support multi-year growth potential across use cases, underpinning strategic relevance even if near-term results lag.
Negative Factors
Shrinking Revenue and Deep Losses
A steep TTM revenue decline combined with deeply negative gross and net margins signals that current unit economics fail to cover costs. Structurally weak top-line and loss-making operations increase the burden on financing and make sustainable scaling difficult without margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural Market Tailwinds
Charbone operates in the long-term secular market for green hydrogen driven by decarbonization of transport, industry and power. These durable demand drivers support multi-year growth potential across use cases, underpinning strategic relevance even if near-term results lag.
Read all positive factors
Charbone Hydrogen Corporation (CH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$33.78M
Dividend YieldN/A
Average Volume (3M)659.00K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth-65.20%
EPS Growth12.85%
CountryCA
Employees9
SectorEnergy
Sector Strength52
IndustryChemicals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding250,222,150
10 Day Avg. Volume1,371,784
30 Day Avg. Volume659,005
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)-5.65
Price to Sales (P/S)23.64
P/FCF Ratio-4.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
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
Charbone Hydrogen Corporation Business Overview & Revenue Model
Company Description
Charbone Hydrogen Corporation manages clean and sustainable hydroelectric power plants and generate renewable electricity. It also produces hydrogen for agriculture, paper, plastics, and metal treatment industries, as well as transportation and en...
How the Company Makes Money
Charbone Hydrogen Corporation generates revenue primarily through the production and sale of green hydrogen to various industries, including transportation, power generation, and manufacturing. Their revenue model is based on long-term contracts w...
Charbone Hydrogen Corporation Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
25
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 115.29K | 325.75K | 282.72K | 22.48K | 0.00 | 0.00 |
| Gross Profit | -45.28K | 325.75K | 282.72K | 22.48K | -70.31K | 0.00 |
| EBITDA | -2.67M | -2.20M | -2.49M | -7.06M | -1.29M | -364.56K |
| Net Income | -3.30M | -2.84M | -3.19M | -7.38M | -4.03M | -388.64K |
Balance Sheet | ||||||
| Total Assets | 9.77M | 6.85M | 4.25M | 4.42M | 2.81M | 139.76K |
| Cash, Cash Equivalents and Short-Term Investments | 486.30K | 452.74K | 55.12K | 0.00 | 0.00 | 796.00 |
| Total Debt | 4.77M | 4.48M | 2.64M | 2.12M | 5.33M | 576.21K |
| Total Liabilities | 10.91M | 8.21M | 5.87M | 4.48M | 7.23M | 752.87K |
| Stockholders Equity | -1.14M | -1.36M | -1.62M | -67.87K | -4.42M | -613.11K |
Cash Flow | ||||||
| Free Cash Flow | -1.73M | -1.80M | -1.64M | -4.75M | -602.46K | -27.55K |
| Operating Cash Flow | -1.55M | -1.56M | -1.51M | -3.98M | -546.26K | -27.55K |
| Investing Cash Flow | 15.66K | -87.47K | 240.44K | -1.64M | -877.88K | -104.87K |
| Financing Cash Flow | 1.97M | 2.09M | 1.36M | 5.56M | 1.42M | 133.07K |
Charbone Hydrogen Corporation Technical Analysis
Positive
0.19
Price Trends
0.13
Positive
0.16
Positive
0.12
Positive
Market Momentum
<0.01
Negative
60.32
Neutral
56.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CH, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.32 is Neutral, neither overbought nor oversold. The STOCH value of 56.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CH.
Charbone Hydrogen Corporation Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | C$1.80B | 11.01 | 18.28% | 4.73% | 10.20% | -11.22% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | C$6.25B | 35.38 | 9.35% | 1.87% | -0.65% | 46.15% | |
48 Neutral | C$8.56M | -3.64 | -52.71% | ― | -96.10% | -3.58% | |
45 Neutral | C$34.87M | -5.65 | -11.13% | ― | ― | 61.75% | |
43 Neutral | C$33.78M | -2.68 | 247.72% | ― | -65.20% | 12.85% | |
43 Neutral | C$321.13M | -29.68 | -10.65% | ― | -11.90% | -0.32% |
* Energy Sector Average
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Charbone Hydrogen Corporation Corporate Events
Business Operations and StrategyProduct-Related Announcements
Charbone Launches First Ontario Hydrogen Supply Hub to Anchor North American Expansion
Positive
Feb 4, 2026
Charbone Corporation is expanding its clean hydrogen and industrial gas footprint through a modular network of production facilities and supply hubs in North America, targeting industrial, mobility and advanced manufacturing customers with decentr...
Business Operations and StrategyProduct-Related Announcements
Charbone Begins Supplying Clean Hydrogen to Power Film Sets in Ontario
Positive
Jan 22, 2026
Charbone Corporation has begun supplying clean Ultra High Purity hydrogen in Ontario to a specialized contractor serving the film and entertainment production industry, enabling hydrogen fuel cell generators to power movie and television productio...
Business Operations and Strategy
Charbone Wins First U.S. Order for Clean UHP Hydrogen in New York Tech Corridor
Positive
Jan 14, 2026
Charbone Corporation has secured its first U.S. order for clean Ultra High Purity hydrogen from a New York State customer affiliated with a major Japanese industrial conglomerate, marking a significant entry into the American market. The order, to...
Business Operations and StrategyPrivate Placements and Financing
Charbone Raises $3.1 Million to Expand Hydrogen Production at Sorel-Tracy
Positive
Jan 12, 2026
Charbone Corporation has closed a non-brokered private placement raising gross proceeds of $3.1 million, issuing 23,614,286 units at $0.13125 per unit, each comprising one common share and one warrant exercisable at $0.18 for 24 months, with an ac...
Business Operations and StrategyProduct-Related Announcements
Charbone Ships First Clean UHP Hydrogen Load, Kicking Off Production Revenues
Positive
Dec 22, 2025
Charbone Corporation has completed its first delivery of clean Ultra High Purity hydrogen from its Sorel-Tracy facility to an independent distributor in Ontario, marking the start of revenue generation for its production division. The shipment dem...
Business Operations and StrategyProduct-Related Announcements
Charbone Hydrogen Launches Commercial Production at Sorel-Tracy Facility
Positive
Dec 16, 2025
CHARBONE CORPORATION has announced the official start of commercial production at its Sorel-Tracy site, marking a significant milestone for the company and the clean UHP hydrogen industry in North America. This modular plant, the first of its kind...
Business Operations and StrategyExecutive/Board Changes
Charbone Corporation Strengthens Leadership with Key Appointment Ahead of First Revenue
Positive
Dec 9, 2025
Charbone Corporation has appointed Jean Watelle, an experienced engineer from Air Liquide, to strengthen its clean UHP hydrogen production team as it prepares for the first delivery from its flagship project in Sorel-Tracy, Quebec. Watelle’s...
Business Operations and Strategy
Charbone Corporation Announces Webinar and Market Maker Engagement
Positive
Dec 4, 2025
Charbone Corporation has announced a corporate update webinar scheduled for December 16, 2025, where its management will discuss the company’s operations, market insights, and future milestones. Additionally, Charbone has engaged Red Cloud S...
Business Operations and StrategyProduct-Related Announcements
Charbone Corporation Achieves First Hydrogen Production Milestone in Quebec
Positive
Dec 1, 2025
CHARBONE CORPORATION has announced the successful completion of equipment installation and the production of its first hydrogen molecule at its Sorel-Tracy site in Quebec. This marks a significant milestone as it is the first local and decentraliz...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Charbone Corporation Reports Q3 2025 Financial Results and Strategic Advancements
Positive
Nov 28, 2025
Charbone Corporation announced its Q3 2025 financial results, highlighting a decrease in net operating loss by 17% and advancements in its Sorel-Tracy facility, which is set to begin hydrogen production soon. The company has secured new financial ...
Business Operations and StrategyProduct-Related Announcements
Charbone Corporation Advances Sorel-Tracy Hydrogen Facility Construction
Positive
Nov 12, 2025
Charbone Corporation has confirmed that the construction schedule for its Sorel-Tracy site is on track, with the equipment installation phase set to begin shortly. This site marks Charbone’s first local modular clean hydrogen production faci...
Business Operations and StrategyExecutive/Board Changes
Charbone Corporation Appoints New Senior VP to Strengthen Strategic Affairs
Positive
Nov 5, 2025
Charbone Corporation has appointed Patrick Cuddihy as Senior Vice President of Strategic Affairs, formalizing his role after over a year of collaboration with the company’s CEO, Dave B. Gagnon. Cuddihy’s expertise has been instrumental...
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.