Hydrograph Clean Power (HG) AI Stock Analysis

• Market Cap: C$1.11B
• Dividend Yield: N/A
• Average Volume (3M): 1.62M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: 331.08%
• EPS Growth: 15.77%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): >-0.01
• Shares Outstanding: 314,604,220
• 10 Day Avg. Volume: 1,572,052
• 30 Day Avg. Volume: 1,623,360
• PEG Ratio: 0.26
• Price to Book (P/B): 3.85
• Price to Sales (P/S): 2915.76
• P/FCF Ratio: -4.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$4.00 ▲(46.52% Upside)

The overall stock score is primarily impacted by significant financial challenges, including persistent net losses and negative cash flow. However, strong technical indicators suggest positive market momentum, which partially offsets the financial weaknesses. The valuation remains unattractive due to negative earnings and lack of dividends, further weighing down the score.

Positive Factors

Low Leverage

Low leverage provides financial flexibility and reduces risk, allowing the company to potentially weather financial challenges better and invest in growth opportunities without the burden of high interest obligations.

Revenue Growth

Significant revenue growth indicates strong demand for Hydrograph Clean Power's products and services, suggesting successful market penetration and potential for continued expansion in the renewable energy sector.

Strategic Partnerships

Partnerships enhance product offerings and market reach, providing a competitive advantage and supporting long-term growth by leveraging external expertise and resources.

Negative Factors

Negative Cash Flow

Negative cash flow indicates operational inefficiencies and reliance on external funding, which can limit financial flexibility and hinder the company's ability to invest in growth initiatives.

Consistent Net Losses

Persistent net losses highlight operational inefficiencies and financial instability, posing a risk to long-term sustainability and necessitating strategic changes to improve profitability.

Negative Gross Profit Margin

A negative gross profit margin suggests that the company is unable to cover its production costs, which can undermine financial health and necessitate cost management strategies to achieve profitability.

Hydrograph Clean Power Business Overview & Revenue Model

Company Description

HydroGraph Clean Power Inc. manufactures and sells developing and commercializing processes to manufacture hydrogen and high-quality graphene in Canada and internationally. It engages in the exploitation of patented technology to produce graphene, hydrogen, syngas, methane and other products. The company was formerly known as Carbon-2D Graphene Inc and changed its name to HydroGraph Clean Power Inc. in March 2021. HydroGraph Clean Power Inc. was incorporated in 2017 and is based in Toronto, Canada.

How the Company Makes Money

Hydrograph Clean Power generates revenue through multiple streams. The primary source is the sale of its hydroelectric turbine systems, which are marketed to utility companies, municipalities, and private developers seeking to invest in renewable energy infrastructure. Additionally, HG earns income from installation services and ongoing maintenance contracts for its systems, ensuring long-term client relationships and steady revenue. The company also benefits from government incentives and subsidies aimed at promoting clean energy initiatives, which can enhance its profit margins. Strategic partnerships with energy providers and technology firms further enable HG to expand its market reach and enhance its product offerings, contributing positively to its overall financial performance.

Hydrograph Clean Power Financial Statement Overview

Summary

Hydrograph Clean Power is facing significant financial challenges across all verticals. The company struggles with profitability and cash generation, relying heavily on external financing. While low leverage provides some financial cushion, the overall trajectory indicates a need for strategic improvements to stabilize and enhance financial performance.

Income Statement

The income statement reflects significant challenges, with consistent net losses and declining revenue over the past year. The company reported a negative gross profit margin in the most recent year, indicating costs significantly exceed revenues. Additionally, negative EBITDA and EBIT margins highlight operational inefficiencies and financial instability.

Balance Sheet

The balance sheet shows a moderately strong equity position with a debt-to-equity ratio of 0.04, suggesting low leverage. However, the return on equity is negative due to consistent net losses, and the equity ratio is decreasing as total assets decline, indicating potential risk in maintaining financial stability.

Cash Flow

Cash flow analysis reveals negative free cash flow growth, reflecting challenges in generating cash from operations. Although there was an increase in financing cash flow, indicating reliance on external funding, the operating cash flow to net income ratio remains unfavorable, highlighting inefficiencies in converting sales into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.00K	6.17K	7.40K	5.10K	6.29K	0.00
Gross Profit	-21.17K	-51.69K	-19.08K	1.67K	6.29K	0.00
EBITDA	-4.96M	-5.02M	-4.66M	-2.76M	-1.55M	-81.83K
Net Income	-5.27M	-5.33M	-4.96M	-2.98M	-1.51M	-105.27K
Balance Sheet
Total Assets	6.28M	5.40M	5.88M	7.94M	6.53M	922.40K
Cash, Cash Equivalents and Short-Term Investments	1.66M	780.97K	510.43K	2.80M	218.35K	35.85K
Total Debt	82.44K	188.94K	246.07K	318.09K	379.33K	22.43K
Total Liabilities	619.12K	731.07K	1.01M	452.35K	4.75M	127.51K
Stockholders Equity	5.66M	4.67M	4.87M	7.49M	2.25M	794.89K
Cash Flow
Free Cash Flow	-4.33M	-4.16M	-4.17M	-5.42M	-1.75M	-316.63K
Operating Cash Flow	-4.25M	-4.07M	-3.55M	-3.58M	-726.68K	-291.31K
Investing Cash Flow	-78.51K	-81.43K	-620.99K	-1.84M	-1.03M	-25.32K
Financing Cash Flow	3.99M	4.48M	1.82M	2.80M	7.54M	290.13K

Hydrograph Clean Power Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.73
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HG, the sentiment is Positive. The current price of 2.73 is below the 20-day moving average (MA) of 2.86, below the 50-day MA of 3.07, and above the 200-day MA of 1.60, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 59.50 is Neutral, neither overbought nor oversold. The STOCH value of 77.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HG.

Hydrograph Clean Power Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HG	54 Neutral	C$1.11B	-117.73	-87.47%	―	331.08%	15.77%
GMG	49 Neutral	C$328.58M	-34.40	-92.59%	―	6.29%	-3.71%
CNO	47 Neutral	C$17.78M	-12.37	-61.05%	―	-15.84%	-375.96%
IZ	45 Neutral	C$424.07K	100.00	―	―	109.13%	―
NANO	42 Neutral	C$118.82M	-8.35	-64.59%	―	―	56.03%

Hydrograph Clean Power Corporate Events

HydroGraph Deepens Manchester Graphene Partnership With Tier 1 Upgrade

HydroGraph Clean Power has deepened its partnership with the University of Manchester’s Graphene Engineering Innovation Centre by moving from Tier 2 to Tier 1 membership, a step that will give the Canadian graphene producer its own dedicated lab space in Manchester and broader access to GEIC’s facilities and technical expertise. The upgraded status builds on two years of joint work that has produced more than 75 graphene-enhanced product development projects across industries and coincides with HydroGraph’s ramp-up from pilot production to roughly one ton of graphene per month, with further capacity planned as it adds reactors and a new Texas facility. The expanded collaboration is expected to speed the transition of projects from lab validation to industrial trials, strengthen ties with strategic partners such as the U.S. Army Research Laboratory, and reinforce Manchester’s position as a global hub for commercial graphene innovation, while potentially accelerating HydroGraph’s commercialisation efforts in both Europe and North America.

The most recent analyst rating on (TSE:HG) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Hydrograph Clean Power stock, see the TSE:HG Stock Forecast page.

HydroGraph Appoints Graphene Expert James Baker to Advisory Board

HydroGraph Clean Power Inc. has announced the appointment of James Baker to its Technical Advisory Board. Baker, with over three decades of experience in advanced materials and graphene commercialization, will bring valuable expertise to HydroGraph as it advances its growth in the graphene industry. His involvement is expected to enhance the company’s industry positioning and support its efforts in scaling up and engaging with multiple sectors.

The most recent analyst rating on (TSE:HG) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Hydrograph Clean Power stock, see the TSE:HG Stock Forecast page.

HydroGraph Secures C$20 Million to Boost Graphene Production and Research

HydroGraph Clean Power Inc. has successfully closed a private placement, raising C$20 million through the sale of 6,896,560 units at C$2.90 per unit. The proceeds will be used to develop production and research facilities in Texas, as well as for research and development initiatives and general corporate purposes. This financing round is a significant step in HydroGraph’s growth strategy, reflecting strong investor confidence in the company’s technology and vision, and positioning it as a leader in the ultra-pure graphene market.

The most recent analyst rating on (TSE:HG) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Hydrograph Clean Power stock, see the TSE:HG Stock Forecast page.

HydroGraph Clean Power Launches C$20 Million LIFE Offering

HydroGraph Clean Power Inc. has announced a brokered private placement of up to 6,896,560 units at C$2.90 per unit, aiming to raise up to C$20 million. The proceeds will be used to enhance production, research, and operating facilities in Texas, as well as for research and development and general corporate purposes, potentially strengthening the company’s market position and operational capabilities.

The most recent analyst rating on (TSE:HG) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Hydrograph Clean Power stock, see the TSE:HG Stock Forecast page.

HydroGraph to Present at Emerging Growth Conference

HydroGraph Clean Power Inc. announced that its President & CEO, Kjirstin Breure, will present at the Emerging Growth Conference on October 23, 2025. This presentation is expected to provide insights into the company’s operations and strategies, potentially impacting its market positioning and offering stakeholders an opportunity to engage directly with the leadership.

The most recent analyst rating on (TSE:HG) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Hydrograph Clean Power stock, see the TSE:HG Stock Forecast page.

HydroGraph Joins CSE25 Index, Signaling Growth and Strategic Expansion

HydroGraph Clean Power Inc. has been added to the CSE25 Index, marking its position as one of the 25 largest companies on the Canadian Securities Exchange. This achievement reflects the company’s significant growth and its strategic advancements, including new patent awards, board additions, and plans for a new production facility to enhance manufacturing capacity. These developments are expected to strengthen HydroGraph’s industry positioning and expand its opportunities in large addressable markets.

The most recent analyst rating on (TSE:HG) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Hydrograph Clean Power stock, see the TSE:HG Stock Forecast page.