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HTOO

Fusion Fuel Green PLC

HTOO

Fusion Fuel Green PLC • NASDAQ
$3.46 ▲ 4.53% (+0.15)
Market Cap $6.26 M
52w High $28.35
52w Low $2.92
Dividend Yield 0%
P/E -0.22
Volume 16.90K
Outstanding Shares 1.81M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2024 $251K ▲ $0 $-2.802M ▲ -1.116K% ▼ $-0.15 ▲ $0
Q1-2024 $0 ▼ $0 ▼ $-5.139M ▲ 0% ▲ $-0.27 ▲ $0 ▲
Q4-2023 $2.072M $6.728M $-8.585M -414.334% $-0.58 $-6.34M
Q3-2023 $2.072M ▲ $6.728M ▲ $-8.585M ▼ -414.334% ▼ $-0.58 ▼ $-6.34M ▲
Q2-2023 $0 $5.49M $-6.923M 0% $-0.48 $-9.163M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $343K ▼ $28.018M ▼ $19.901M ▼ $10.326M ▲
Q2-2024 $411K ▲ $41.005M ▲ $39.15M ▲ $1.855M ▼
Q1-2024 $0 ▼ $0 ▼ $0 ▼ $4.989M ▲
Q4-2023 $860K ▼ $42.351M $39.62M $2.731M
Q3-2023 $1.147M $42.351M $39.62M $2.731M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2023 $-8.585M $-2.232M $2.006M $442.5K $205K ▲ $-3.772M
Q3-2023 $-8.585M ▼ $-2.232M ▲ $2.006M ▲ $442.5K ▼ $-2.059M ▲ $-3.772M ▲
Q2-2023 $-6.923M $-2.358M $-2.584M $1.095M $-2.687M ▼ $-5.113M
Q1-2023 $-6.923M ▲ $-2.358M ▲ $-2.584M ▼ $1.095M ▲ $534.028K ▼ $-5.113M ▲
Q4-2022 $-16.789M $-6.491M $7.682M $493K $1.629M $-7.089M

Five-Year Company Overview

Income Statement

Income Statement Income Statement: Fusion Fuel is still essentially a pre-revenue company. Over several years it has reported almost no meaningful sales, while consistently booking operating losses. Those losses have been fairly steady in size rather than exploding, but the business is clearly still in the build‑out and development phase, not yet in a proven, commercial scale phase. Earnings per share have swung sharply from year to year, driven more by accounting items and changes in share structure than by stable, growing operations. Overall, the income statement tells a story of an early‑stage, research‑heavy company that has not yet converted its technology into recurring revenue or profitability.

Balance Sheet

Balance Sheet Balance Sheet: The balance sheet is very light, with a small base of total assets and only a thin layer of shareholder equity. Cash has trended down from earlier levels, and a bit of debt has appeared, although the absolute level of borrowing is still modest relative to large industrial players. The key point is that the company does not have a deep financial cushion. Its capital base is small, and its ability to absorb setbacks or long delays in commercialization looks limited. The announced reverse stock split also signals prior pressure on the share price and reinforces the picture of a financially fragile, early‑stage business.

Cash Flow

Cash Flow Cash Flow: Fusion Fuel has been burning cash steadily. Operating cash flow has been negative for several years, which is typical for a company investing in technology and projects before revenue ramps, but it also means the business is not funding itself from customer activity. Free cash flow has also been negative, reflecting both operating losses and ongoing investment in equipment and development. Capital spending has been present but not massive; the bigger issue is that there is no offsetting inflow from sales. This makes the company dependent on external funding—equity raises, partnerships, or other financing—to keep executing its plan.

Competitive Edge

Competitive Edge Competitive Position: Fusion Fuel is trying to carve out a niche in the green hydrogen space with a differentiated electrolyzer concept and a focus on specific regions, mainly Portugal and Spain. Its miniaturized, modular approach and integrated solar‑to‑hydrogen design set it apart technically from many traditional, large‑scale electrolyzer makers. However, the company is tiny compared with the industrial giants and well‑funded peers also pursuing green hydrogen. Those larger players have broader customer relationships, stronger balance sheets, and more resources to scale manufacturing. Fusion Fuel’s integrated engineering and advisory services help deepen customer relationships, but its weak financial position and limited track record of large, completed projects are meaningful competitive disadvantages. The market itself is still young and crowded, so long‑term winners are far from clear.

Innovation and R&D

Innovation and R&D Innovation & R&D: Innovation is the clear strength of Fusion Fuel’s story. Its proprietary HEVO mini‑electrolyzer, the HEVO‑Solar integrated solar‑to‑hydrogen system, and the modular HEVO‑Chain solution all point to a thoughtful attempt to lower costs and increase flexibility for hydrogen production. The use of less expensive materials, coupling with concentrated solar, and designs that capture both power and heat are all aimed at improving efficiency. The company also holds a portfolio of patents and is layering on additional features like oxygen capture and higher‑pressure second‑generation units, plus engineering services through its Bright Hydrogen Solutions subsidiary. The big question is not whether there are clever ideas—there clearly are—but whether Fusion Fuel can scale manufacturing, cut costs, and prove reliability in real‑world projects fast enough, given its financial constraints and the rapid pace of innovation by competitors.

Summary

Summary: Fusion Fuel Green PLC is an early‑stage, innovation‑driven green hydrogen company with ambitious technology and a very lean financial foundation. Its income statement shows years of development losses with virtually no revenue, its balance sheet is thin, and its cash flows are consistently negative, all of which point to ongoing reliance on outside capital. On the positive side, the company offers genuinely distinctive technology and an integrated service model in a sector with strong long‑term policy and decarbonization tailwinds. On the risk side, it operates in a capital‑intensive, highly competitive field against much larger players, with limited cash buffers and a need to prove it can win, build, and operate projects at scale. Overall, HTOO looks like a high‑uncertainty, high‑execution‑risk story centered on green hydrogen innovation, where future outcomes will depend heavily on project wins, funding access, and the company’s ability to translate its R&D into reliable, cost‑competitive commercial deployments.

NEWS

November 25, 2025 · 7:30 AM UTC

Fusion Fuel's BrightHy Solutions Expands Green Hydrogen Footprint in Southern Europe with Agreement to Deliver New Electrolyzer and Hydrogen Refueling Station Project

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November 6, 2025 · 6:10 PM UTC

Fusion Fuel Announces EGM Results: All Shareholder Proposals Approved

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November 4, 2025 · 7:45 AM UTC

Fusion Fuel Green PLC Announces Groundbreaking of Landmark Industrial Decarbonization Project in South Africa

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October 16, 2025 · 7:45 AM UTC

Fusion Fuel Green PLC Signs Definitive Joint Venture Agreement with Alien Fuel for Landmark Industrial Decarbonization Project in South Africa

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October 15, 2025 · 7:00 AM UTC

Fusion Fuel Announces Extraordinary General Meeting and Upcoming Board Changes

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