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ADN
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Advent Technologies Holdings Inc (ADN)

Upturn stock ratingUpturn stock rating
$3.68
Last Close (24-hour delay)
Profit since last BUY0%
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Upturn Advisory Summary

08/14/2025: ADN (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

Analysis of Past Performance

Type Stock
Historic Profit -68.69%
Avg. Invested days 26
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

ai summary icon Upturn AI SWOT

Advent Technologies Holdings Inc

stock logo

Company Overview

overview logo History and Background

Advent Technologies Holdings Inc. was founded in 2012. It focuses on developing, manufacturing, and assembling fuel cell systems and advanced materials. It went public via a SPAC merger in 2021.

business area logo Core Business Areas

  • Fuel Cell Systems: Designs and manufactures fuel cell systems for stationary and portable power applications.
  • Electrolyte Membranes: Develops and produces advanced electrolyte membranes for fuel cells and other electrochemical devices.
  • Membrane Electrode Assemblies (MEAs): Manufactures MEAs, a critical component in fuel cell performance.
  • Advent Technologies Germany GmbH (formerly BASF Fuel Cell GmbH): Acquired in 2021. Focusing on high temperature proton exchange membrane (HT-PEM) fuel cells.

leadership logo Leadership and Structure

Vasilis Gregoriou is the Chairman and CEO. The company has a board of directors overseeing its strategic direction and operations. The structure includes departments for R&D, manufacturing, sales, and marketing.

Top Products and Market Share

overview logo Key Offerings

  • SereneU Fuel Cell Systems: Fuel cell systems targeting stationary power applications, especially backup power. Market share is difficult to pinpoint but growing in the niche market for off-grid energy solutions. Competitors include Bloom Energy, Ballard Power Systems, and Plug Power.
  • Electrolyte Membranes (HT-PEM): Proprietary membranes for high-temperature fuel cells. Limited market share data publicly available; focused on specific high-temperature applications. Competitors: Gore, 3M.

Market Dynamics

industry overview logo Industry Overview

The fuel cell industry is growing, driven by demand for clean energy and government incentives. Key growth areas include transportation, stationary power, and portable power.

Positioning

Advent Technologies focuses on high-temperature proton exchange membrane (HT-PEM) technology, which offers advantages in fuel flexibility and system simplicity. They are a specialized player in this segment.

Total Addressable Market (TAM)

The fuel cell market is projected to reach billions of dollars. Advent is targeting specific segments, and their positioning in HT-PEM can secure a niche within the TAM. Some sources project a TAM of around $15 Billion by 2030.

Upturn SWOT Analysis

Strengths

  • Proprietary HT-PEM technology
  • Strategic acquisition of BASF Fuel Cell GmbH assets
  • Experienced leadership team
  • Collaborations with research institutions
  • Developing solutions for stationary, portable, and potentially transportation applications

Weaknesses

  • Relatively small market share compared to larger players
  • Dependence on government funding and incentives
  • History of losses/Lack of profitability
  • Limited track record of large-scale commercial deployments
  • Share price volatility

Opportunities

  • Growing demand for clean energy solutions
  • Expanding into new applications like transportation
  • Securing partnerships with major industry players
  • Benefiting from government subsidies and tax credits
  • Further developing and commercializing its technology

Threats

  • Competition from established fuel cell companies
  • Technological advancements by competitors
  • Fluctuations in government policies and funding
  • Economic downturn impacting investment in clean energy
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • PLUG
  • BLDP
  • BE

Competitive Landscape

Advent's HT-PEM technology offers advantages in certain applications, but they face competition from established players with larger market shares and broader product portfolios.

Major Acquisitions

Advent Technologies Germany GmbH (formerly BASF Fuel Cell GmbH)

  • Year: 2021
  • Acquisition Price (USD millions): 0
  • Strategic Rationale: Strengthened HT-PEM technology and expanded R&D capabilities. No monetary transaction. Consideration was through issuance of ADN stock.

Growth Trajectory and Initiatives

Historical Growth: Growth has been driven by technology development, acquisitions, and securing contracts. The overall growth rate has fluctuated with milestones.

Future Projections: Analyst estimates vary widely, reflecting the uncertainty of the fuel cell market. Growth will depend on successful commercialization and market adoption.

Recent Initiatives: Acquisition of fuel cell assets, partnerships with automotive companies, expanding production capacity, and participating in government-funded projects.

Summary

Advent Technologies is a company focusing on fuel cell technology, with a unique strength in HT-PEM. It faces challenges related to profitability and market competition. Strategic acquisitions and technology advancements can support growth, but the company needs to effectively commercialize its products and manage financial risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Industry publications
  • Financial news sources

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market share figures are estimates and may vary. Financial data is based on the latest available information, but is limited by format requirements and linked external sources. No guarantee of accuracy or completeness.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 26

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.