HTOO · NASDAQ · Renewable Utilities

Fusion Fuel Green (HTOO)

Operates UAE LPG services alongside hydrogen engineering, biomass steam, and energy royalty interests.

$2.12
vs last close+0.13 (+6.28%)
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Fusion Fuel Green PLCHTOO
Utilities

Generates most revenue from UAE LPG distribution, engineering, and maintenance, while adding hydrogen project services, biomass steam supply, and uranium and natural-gas royalties. The holding company relies on subsidiary cash flows and third-party project operators.

Runs LPG distribution and engineering through Al Shola Gas in the UAE, covering central-system design, installation, bulk and cylinder sales, metered utility service, and maintenance. That operation supplied virtually all reported revenue before the latest acquisitions.

Provides asset-light hydrogen engineering through BrightHy Solutions, spanning feasibility work, equipment procurement, integration, construction oversight, commissioning, and optimization. It represents third-party hydrogen equipment providers across southern Europe and Latin America, rather than manufacturing discontinued proprietary electrolyzers.

Also holds BioSteam's South African industrial-steam venture and royalty interests tied to uranium projects and Alberta coalbed-methane areas. Royalty payments depend on third-party operators, while LPG operations depend on licensed, safety-regulated activity and the ability to pass gas-price increases through to customers.

Company facts

CEOFrederico Figueira de Chaves
ListedDec 10, 2020
ExchangeNASDAQ
HeadquartersDublin, Ireland
CountryIreland
Employees131
CIK0001819794
ISINIE00045C7B38

Market cap$14.0M
EPS (ttm)−$0.0791
P/E (ttm)−25.17
ROE-12.3%
P/B0.7602
P/S0.8874
Dividend yieldDiv yield
Beta1.34vs XLU 0.29

Price target$7.00+251.8%Average of 2 analysts
ConsensusBuy1 of 2 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

No analyst notes in the last 24 months.

EPSReportedEstimate

Jun '23Aug '23Dec '23Mar '24Jun '24Sep '24Mar '25Sep '25
Reported−$6.83−$32.83−$1.83−$1.83−$0.32−$0.34−$0.16−$0.12
Estimate−$0.22−$0.30−$0.24−$0.43−$0.35−$0.32−$0.32−$0.60
Surprise−3,003.6%−10,843.8%−662.5%−325.6%+7.5%−6.8%+50.3%+80.4%

RevenueReportedEstimate

Jun '23Aug '23Dec '23Mar '24Jun '24Sep '24Mar '25Sep '25
Reported$650.3K$2.6M$1.8M$1.6M$269.9K$8.2M
Estimate$3.4M$3.8M$1.3M$1.9M$2.1M$1.6M$1.5M$3.5M
Surprise−81.1%+98.4%−5.9%−0.3%−82.4%+130.5%
Estimate−$0.60
Reported−$0.12+80.4%
Estimate$3.5M
Reported$8.2M+130.5%
View details

Debt to equity13.60%
Current ratio52.70%

ProfitabilityRevenueNet incomeNet margin

Q1 FY23Q2 FY23Q3 FY23Q4 FY23Q1 FY24Q2 FY24Q2 FY25Q4 FY25
Revenue$656.5K$0$2.4M$2.4M$0$286.0K$7.9M$7.9M
Net income−$7.9M−$7.9M−$9.8M−$9.8M−$5.9M−$3.2M−$2.7M$822.5K
Net margin0.0%0.0%0.0%0.0%0.0%10.4%

GrowthOperating income

Q1 FY23Q2 FY23Q3 FY23Q4 FY23Q1 FY24Q2 FY24Q2 FY25Q4 FY25
Operating income−$10.6M−$10.6M−$10.5M−$10.5M$0$0−$3.3M−$6.9M
YoY growthLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedTurned loss

Balance sheet, Dec 31, 2025Cash & short-term investments $655.2K · Total debt $2.5M · Total assets $41.1M · Shareholders' equity $18.4M

Revenue
$7.9M
Operating income
−$6.9M
Net income
$822.5K

Reported in EUR, converted at the latest exchange rate

View details

No dividends on record.

Institutions0.31%21.8K ADS
11 holders · as of Jun 30, 2026
Other99.69%7.03M ADS
remainder

7.05M ADS as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2024 annual report; nothing newer is on file here.

The share count has not been confirmed by a second filing; stakes use it as it stands.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Citadel Advisors LLCInstitution
0.25%17,682 ADSas of Jun 30, 2026
BNP PARIBAS ASSET MANAGEMENT UK Ltd.Institution
0.24%16,892filed Aug 3, 2022
UBS Group AGInstitution
0.04%2,911 ADSas of Jun 30, 2026
Morgan StanleyInstitution
0.01%1,015 ADSas of Jun 30, 2026
Sbi Securities Co., Ltd.Institution
0.00%99 ADSas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Uranium Royalty

    Non-operating uranium royalty consolidator competing for royalty deals.

  • VanEck Intermediate Muni ETF

    PEM electrolyzer supplier competing for hydrogen-project equipment and design.

  • Plug Power

    Turnkey PEM-hydrogen supplier spanning FEED, electrolyzers, and support.

Compare

CompanyPriceChange
Fusion Fuel Green$2.12+6.28%$14.0M0.9
Uranium Royalty$4.43−1.71%$661.1M12.73.2+112.7%
VanEck Intermediate Muni ETF$44.47−0.77%$2.13B
Plug Power$2.06−2.61%$2.94B4.0+2.5%
Median12.73.6+57.6%