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ADNWW
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Advent Technologies Holdings Inc (ADNWW)

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$0.01
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

07/10/2025: ADNWW (1-star) is currently NOT-A-BUY. Pass it for now.

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 -64.91%
Avg. Invested days 16
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
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 07/10/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 437.76M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) -
Beta 0.74
52 Weeks Range 0.00 - 0.02
Updated Date 06/14/2025
52 Weeks Range 0.00 - 0.02
Updated Date 06/14/2025
Dividends yield (FY) -
Basic EPS (TTM) -

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 -
Price to Sales(TTM) -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 2359144
Shares Outstanding -
Shares Floating 2359144
Percent Insiders -
Percent Institutions -

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 and is headquartered in Boston, Massachusetts. It develops, manufactures, and assembles fuel cell systems, electrolyzers, and advanced materials. It went public via a SPAC merger in 2021.

business area logo Core Business Areas

  • Fuel Cell Systems: Development, manufacturing, and sales of fuel cell systems, primarily for the stationary power and backup power markets. These systems are designed to provide reliable and clean energy solutions.
  • Electrolyzers: Development and production of electrolyzers, which are used to produce hydrogen from water using electricity. This segment supports the growing hydrogen economy.
  • Advanced Materials: Production and sale of proprietary membrane electrode assemblies (MEAs) and other advanced materials used in fuel cells and electrolyzers.

leadership logo Leadership and Structure

Vasilis Gregoriou is the Chairman and CEO. The company has a board of directors with experience in technology, finance, and energy. The organizational structure is functional, with departments focused on research and development, manufacturing, sales, and marketing.

Top Products and Market Share

overview logo Key Offerings

  • SereneU Fuel Cells: Stationary fuel cell systems designed for backup power and combined heat and power (CHP) applications. Market share data is not publicly available, but competitors include Bloom Energy and Ballard Power Systems. They directly compete with diesel generators in applications requiring uninterruptible power.
  • Ion Pair Membranes: Proprietary membrane electrode assemblies (MEAs) used in fuel cells and electrolyzers. Market share data is not publicly available. Competitors include Gore and 3M, though Advent's focus is high-temperature PEM.
  • Electrolyzer Components: Components used in electrolyzer systems, primarily for hydrogen production. Market share data is not publicly available. Competitors include Plug Power and Cummins.

Market Dynamics

industry overview logo Industry Overview

The fuel cell and hydrogen energy industries are experiencing significant growth, driven by increasing demand for clean energy solutions and government support for decarbonization initiatives. However, the industry remains relatively nascent, with challenges related to cost, infrastructure, and technology maturity.

Positioning

Advent Technologies is positioned as an innovator in high-temperature PEM fuel cell technology, which offers advantages in terms of fuel flexibility and tolerance to contaminants. The company is focused on developing cost-effective and reliable fuel cell systems for various applications.

Total Addressable Market (TAM)

The TAM for fuel cells and electrolyzers is projected to reach hundreds of billions of dollars in the coming decades. Advent is positioned to capture a portion of this market by focusing on high-temperature PEM technology, and their modular solutions could increase their competitiveness.

Upturn SWOT Analysis

Strengths

  • Proprietary high-temperature PEM technology
  • Strong intellectual property portfolio
  • Experienced leadership team
  • Strategic partnerships
  • Manufacturing capabilities in Europe and the US

Weaknesses

  • Limited commercial traction
  • Relatively small revenue base
  • Dependence on government funding and subsidies
  • High operating expenses
  • Ongoing losses

Opportunities

  • Growing demand for clean energy solutions
  • Increasing government support for hydrogen and fuel cells
  • Expansion into new markets and applications
  • Strategic acquisitions and partnerships
  • Technological advancements

Threats

  • Competition from established players
  • Technological disruption
  • Economic downturns
  • Regulatory changes
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • PLUG
  • FCEL
  • BE

Competitive Landscape

Advent Technologies' advantages lie in its high-temperature PEM technology and strategic partnerships. Disadvantages include its limited commercial traction and relatively small size compared to established players. ADN could gain a competitive advantage from their unique high-temperature PEM technology.

Major Acquisitions

HTMaterial.tech S.r.l.

  • Year: 2021
  • Acquisition Price (USD millions): 6.8
  • Strategic Rationale: Strengthens Advent's technology portfolio and provides access to advanced materials for fuel cell development.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been limited due to early stage of commercialization.

Future Projections: Future projections are contingent on successful technology development and market adoption. Analyst estimates suggest significant growth potential, but considerable uncertainty remains.

Recent Initiatives: Recent initiatives include strategic partnerships to develop fuel cell systems for various applications. Development and deployment of fuel cell systems for the maritime, stationary power, and defense sectors.

Summary

Advent Technologies is a company with innovative technology but is still in the early stages of commercialization. It shows promise in the fuel cell technology market and boasts strength in high-temperature PEM technology. However, it needs to significantly expand its revenue base to be considered financially sustainable. The company should be careful of the risks of the hydrogen economy failing to take off.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • SEC Filings
  • Analyst Reports

Disclaimers:

This analysis is based on publicly available information and analyst estimates. It is not financial advice. Market share data is estimated and may not be precise.

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 2019-01-24
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.