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Advent Technologies Holdings Inc (ADN)


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Upturn Advisory Summary
10/15/2025: ADN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -67.67% | Avg. Invested days 34 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 5.59M USD | Price to earnings Ratio - | 1Y Target Price 0.45 |
Price to earnings Ratio - | 1Y Target Price 0.45 | ||
Volume (30-day avg) - | Beta 0.74 | 52 Weeks Range 1.71 - 8.79 | Updated Date 06/29/2025 |
52 Weeks Range 1.71 - 8.79 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -11.46 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) 3586.07% |
Management Effectiveness
Return on Assets (TTM) -53.72% | Return on Equity (TTM) -1021.66% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 6043914 | Price to Sales(TTM) 1.71 |
Enterprise Value 6043914 | Price to Sales(TTM) 1.71 | ||
Enterprise Value to Revenue 1.84 | Enterprise Value to EBITDA -0.19 | Shares Outstanding 2670290 | Shares Floating 2359144 |
Shares Outstanding 2670290 | Shares Floating 2359144 | ||
Percent Insiders 11.94 | Percent Institutions 7.03 |
Upturn AI SWOT
Advent Technologies Holdings Inc
Company Overview
History and Background
Advent Technologies Holdings Inc. was founded in 2012 and went public in 2021 via a SPAC merger. It focuses on developing, manufacturing, and assembling complete fuel cell systems, electrolyzers, and advanced materials.
Core Business Areas
- Fuel Cell Systems: Develops and manufactures high-temperature proton exchange membrane (HT-PEM) fuel cell systems for stationary and portable power applications.
- Electrolyzers: Develops and manufactures electrolyzer technology for hydrogen production.
- Advanced Materials: Manufactures membrane electrode assemblies (MEAs) and other critical components for fuel cells and electrolyzers.
Leadership and Structure
Dr. Vasilis Gregoriou is the Chairman and CEO. The company has a board of directors overseeing strategic direction and an executive team managing day-to-day operations.
Top Products and Market Share
Key Offerings
- SereneU Fuel Cell Systems: Fuel cell systems designed for backup power and off-grid power solutions. Market share data is not publicly available. Competitors include Bloom Energy, Ballard Power Systems, and Plug Power.
- Ion Pair Membranes: Advanced membrane technology used in fuel cells and electrolyzers. Market share data is not publicly available. Competitors include Gore, 3M, and DuPont.
Market Dynamics
Industry Overview
The fuel cell and hydrogen technology industry is growing, driven by increasing demand for clean energy solutions and government incentives. The industry is competitive, with established players and emerging startups.
Positioning
Advent is positioned as a technology innovator in the HT-PEM fuel cell space, focusing on niche applications and markets. Its competitive advantage lies in its proprietary membrane technology.
Total Addressable Market (TAM)
The total addressable market for fuel cells and electrolyzers is estimated to reach billions of dollars by 2030. Advent is positioned to capture a portion of this market through its technology and partnerships.
Upturn SWOT Analysis
Strengths
- Proprietary HT-PEM technology
- Strong intellectual property portfolio
- Experienced management team
- Strategic partnerships
Weaknesses
- Limited commercialization to date
- Dependence on government funding and incentives
- Negative cash flow
- Small size relative to competitors
Opportunities
- Growing demand for clean energy
- Government support for hydrogen and fuel cell technologies
- Expansion into new markets and applications
- Strategic acquisitions and partnerships
Threats
- Competition from established players
- Technological advancements by competitors
- Changes in government regulations and incentives
- Economic downturn
Competitors and Market Share
Key Competitors
- BLDP
- PLUG
- BE
Competitive Landscape
Advent competes with larger, more established companies in the fuel cell industry. Its advantages include its proprietary technology and focus on niche markets. However, it faces challenges in scaling production and competing on price.
Growth Trajectory and Initiatives
Historical Growth: Advent has experienced revenue growth in recent years, driven by increased sales of its fuel cell systems and components.
Future Projections: Analyst estimates suggest continued revenue growth for Advent, driven by increasing demand for its products and expanding market opportunities.
Recent Initiatives: Recent initiatives include strategic partnerships, product development efforts, and expansion into new markets.
Summary
Advent Technologies is a promising clean energy company with innovative fuel cell technology. While the company has demonstrated revenue growth and formed strategic partnerships, it faces challenges in achieving profitability and scaling production. The company's success depends on its ability to commercialize its technology and secure additional funding.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share data are estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Advent Technologies Holdings Inc
Exchange NASDAQ | Headquaters Livermore, CA, United States | ||
IPO Launch date 2019-01-23 | CEO, Interim CFO & Director Mr. Gary L. Herman | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 26 | Website https://www.advent.energy |
Full time employees 26 | Website https://www.advent.energy |
Advent Technologies Holdings, Inc., an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America and Europe. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems. The company offers high temperature proton exchange membrane (HT-PEM) fuel cells; and electrodes for applications in the fuel cell and energy storage markets, as well as membrane electrode assemblies (MEA). It is also involved in the design of fuel cell stacks and complete fuel cell systems for stationary power, portable power, automotive, aviation, energy storage, and sensor markets. Advent Technologies Holdings, Inc. is headquartered in Livermore, California.

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