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Advent Technologies Holdings Inc (ADN)



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Upturn Advisory Summary
06/30/2025: ADN (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $7.65
1 Year Target Price $7.65
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -68.69% | Avg. Invested days 32 | Today’s Advisory PASS |
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 |
Analyst Ratings
Rating - | Target Price 7.65 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Advent Technologies Holdings Inc
Company Overview
History and Background
Advent Technologies Holdings Inc. was founded in 2012. It focuses on developing and manufacturing fuel cell systems and components, initially in Europe, then expanding globally. Key milestones include strategic partnerships and acquisitions to enhance its technology and market presence.
Core Business Areas
- Fuel Cell Systems: Development and manufacturing of High-Temperature Polymer Electrolyte Membrane (HT-PEM) fuel cell stacks and systems for various applications, including portable power and stationary power.
- Electrolyzer Technology: Development of advanced electrolyzer technologies for hydrogen production.
- Membrane Electrode Assemblies (MEAs): Production of MEAs, which are critical components in fuel cells and electrolyzers.
Leadership and Structure
The leadership team includes prominent figures in the fuel cell and energy technology sectors. The organizational structure comprises engineering, manufacturing, sales, and R&D departments.
Top Products and Market Share
Key Offerings
- SereneU Fuel Cell Systems: Portable power fuel cell systems. Market share is difficult to pinpoint precisely, but Advent is a smaller player compared to established fuel cell companies. Competitors include Ballard Power Systems (BLDP), Plug Power (PLUG), and Bloom Energy (BE).
- HT-PEM MEAs: Key component for fuel cells; Advent aims to capture a significant share in the HT-PEM MEA market. Competitors include Gore and 3M.
Market Dynamics
Industry Overview
The fuel cell industry is growing, driven by increasing demand for clean energy solutions and government initiatives promoting hydrogen adoption. However, the industry faces challenges related to cost, infrastructure, and competition.
Positioning
Advent is positioned as a technology innovator in the HT-PEM fuel cell space, focusing on niche applications and strategic partnerships to gain market share.
Total Addressable Market (TAM)
The TAM for the fuel cell market is projected to reach billions of dollars in the coming years. Advent is positioned to capture a portion of this TAM by focusing on key segments such as distributed power and grid-scale storage, addressing the need to power remote areas in a sustainable way. The company is currently competing for about 2-3% of this TAM.
Upturn SWOT Analysis
Strengths
- Innovative HT-PEM technology
- Strategic partnerships
- Experienced leadership team
- Vertically integrated manufacturing
Weaknesses
- Limited financial resources
- Small market share
- Dependence on government subsidies
- Relatively new compared to competitors
Opportunities
- Growing demand for clean energy
- Government incentives for fuel cell adoption
- Expansion into new applications
- Strategic alliances with larger companies
Threats
- Competition from established fuel cell companies
- Fluctuations in fuel cell technology prices
- Regulatory uncertainties
- Slowdown in economic growth
Competitors and Market Share
Key Competitors
- BLDP
- PLUG
- BE
Competitive Landscape
Advent's advantages include its HT-PEM technology and strategic partnerships. Disadvantages include limited financial resources and a smaller market share compared to established players like Ballard, Plug Power, and Bloom Energy.
Major Acquisitions
FES GmbH
- Year: 2021
- Acquisition Price (USD millions): 4.2
- Strategic Rationale: FES GmbH is a fuel cell stack engineering company. The acquisition expands Adventu2019s fuel cell stack development and manufacturing capabilities.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been characterized by periods of rapid expansion followed by periods of consolidation. The company's growth is tied to the broader adoption of fuel cell technology.
Future Projections: Future projections are based on analyst estimates, which vary depending on the adoption rate of fuel cell technology and the company's ability to secure contracts. Revenue is expected to grow, but profitability is still years away.
Recent Initiatives: Recent initiatives include partnerships with automotive manufacturers, expansions of manufacturing facilities, and participation in government-funded projects.
Summary
Advent Technologies Holdings Inc. is an innovative fuel cell company with promising HT-PEM technology but faces challenges due to its limited financial resources and small market share. Strategic partnerships and government incentives are working well, while increased investment in manufacturing and infrastructure, is necessary. The company is worth investing in because it is building a new type of fuel cell that provides low CO2 emissions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, press releases, analyst reports, industry publications
Disclaimers:
The analysis is based on available data and estimates. It is not financial advice. Investors should conduct their own due diligence before making investment decisions.
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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