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Advent Technologies Holdings Inc (ADNWW)



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Upturn Advisory Summary
09/17/2025: ADNWW (1-star) is a SELL. SELL since 4 days. Simulated Profits (-50.00%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit -82.46% | Avg. Invested days 17 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 - |
Upturn AI SWOT
Advent Technologies Holdings Inc
Company Overview
History and Background
Advent Technologies Holdings Inc. focuses on fuel cell technology. It was founded in 2012 and went public via a SPAC merger in 2021. The company has since focused on developing and manufacturing fuel cell systems and components.
Core Business Areas
- Fuel Cell Systems: Develops and manufactures complete fuel cell systems for various applications, including backup power, portable power, and transportation.
- Electrolyte Membranes: Produces high-temperature proton exchange membranes (HT-PEM) and membrane electrode assemblies (MEAs), crucial components in fuel cells.
- Component Sales: Sells individual fuel cell components to other manufacturers and research institutions.
Leadership and Structure
The leadership team includes Vasilis Gregoriou (Chairman and CEO). The company has a typical corporate structure with various departments focused on R&D, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- SereneU Fuel Cell System: A methanol-based fuel cell system designed for backup power applications. Market share is still nascent, difficult to determine exact figures. Competitors include Ballard Power Systems and Bloom Energy for different fuel cell technologies but same overall applications.
- Electrolyte Membranes: Advent produces HT-PEM membranes. No concrete numbers. Competitors include Gore and 3M.
Market Dynamics
Industry Overview
The fuel cell industry is growing, driven by increasing demand for clean energy solutions. Government incentives and environmental regulations support this growth. While hydrogen infrastructure remains a hurdle, methanol fuel cell technology faces less infrastucture hurdles.
Positioning
Advent Technologies focuses on HT-PEM fuel cells, which offer advantages in terms of fuel flexibility and operating temperature compared to traditional low-temperature PEM fuel cells. This niche strategy positions them well in certain applications.
Total Addressable Market (TAM)
The total addressable market is expected to grow to billions of dollars in the coming years as fuel cell technology becomes more widespread. Advent is targeting segments within this broader market with its HT-PEM technology.
Upturn SWOT Analysis
Strengths
- Proprietary HT-PEM technology
- Fuel flexibility (can use methanol, natural gas, or hydrogen)
- Strong R&D capabilities
- Strategic partnerships with industry players
Weaknesses
- Limited commercialization to date
- Reliance on government funding and incentives
- Smaller scale compared to established competitors
- Negative cash flow
Opportunities
- Growing demand for clean energy solutions
- Expansion into new markets and applications
- Development of advanced fuel cell components
- Government support for fuel cell technology
Threats
- Competition from established fuel cell manufacturers
- High development and manufacturing costs
- Lack of hydrogen infrastructure
- Fluctuations in fuel prices
Competitors and Market Share
Key Competitors
- BLDP
- FCEL
- BE
Competitive Landscape
Advent has a niche focus on HT-PEM technology, offering advantages in certain applications. However, it faces competition from larger, more established players with broader product portfolios and market presence.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been primarily driven by R&D and pilot projects. Commercial revenue is still in its early stages.
Future Projections: Future growth is dependent on successful commercialization of its fuel cell systems and components, and on achieving profitability.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity, securing partnerships, and developing new fuel cell applications.
Summary
Advent Technologies is a promising company in the fuel cell space with unique technology, but it's still in the early stages of commercialization. The company needs to demonstrate its ability to scale production and achieve profitability. The reliance on government support remains a risk.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10K, 10Q), Company Website, Analyst Reports
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share estimates are approximate. Invest at your own risk.
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 2019-01-24 | 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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