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Advent Technologies Holdings Inc (ADNWW)
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Upturn Advisory Summary
10/28/2025: ADNWW (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -82.46% | Avg. Invested days 17 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/28/2025 |
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 - |
Upturn AI SWOT
Advent Technologies Holdings Inc
Company Overview
History and Background
Advent Technologies Holdings Inc. was founded in 2012. It focuses on developing, manufacturing, and assembling complete fuel cell systems and hydrogen production. The company went public through a SPAC merger with AMCI Acquisition Corp. in 2021. It has evolved from a research-focused entity to a publicly traded company aiming to commercialize its fuel cell technologies.
Core Business Areas
- Fuel Cell Systems: Advent develops and manufactures fuel cell systems targeting stationary and portable power applications, as well as the defense sector.
- Electrolyte Membranes: The company's proprietary High-Temperature Proton Exchange Membrane (HT-PEM) technology is a key component in its fuel cell systems.
- Hydrogen Production: Advent is involved in the development of technologies for hydrogen production, including electrochemical hydrogen compressors.
Leadership and Structure
Dr. Vasilis Gregoriou is the Chairman and CEO. The organizational structure includes departments for R&D, manufacturing, sales and marketing, and finance.
Top Products and Market Share
Key Offerings
- SereneU Fuel Cell Systems: Fuel cell systems for stationary power applications. Market share is still developing but focusing on niche sectors. Competitors include Ballard Power Systems (BLDP) and Bloom Energy (BE).
- Honey Badger Portable Power System: A portable power system developed for military and defense applications. Specific market share data is not publicly available. Competitors include Ultracell and other portable power providers.
- Ion Pair Membranes: Advent's proprietary HT-PEM electrolyte membranes. Competitors include Gore.
Market Dynamics
Industry Overview
The fuel cell industry is growing, driven by increasing demand for clean energy solutions. Government incentives and declining technology costs are supporting market expansion.
Positioning
Advent is positioned as a technology innovator with its HT-PEM technology. Its competitive advantages include operational capabilities and a focus on high-temperature fuel cells.
Total Addressable Market (TAM)
The TAM for fuel cells is expected to reach billions of dollars by the end of the decade. Advent aims to capture a share of this market through its specialized offerings.
Upturn SWOT Analysis
Strengths
- Proprietary HT-PEM technology
- Experienced management team
- Strategic partnerships
- Established manufacturing capabilities
- Strong focus on innovation
Weaknesses
- Limited commercial traction
- Reliance on government funding and contracts
- Negative profitability and cash flow
- Small size compared to major competitors
Opportunities
- Growing demand for clean energy
- Government incentives for fuel cell technology
- Expanding into new markets
- Partnerships and collaborations
- Advancements in hydrogen production
Threats
- Competition from established fuel cell companies
- Fluctuations in raw material prices
- Technological disruptions
- Regulatory changes
- Economic downturns
Competitors and Market Share
Key Competitors
- BLDP
- BE
- FCEL
- PLUG
Competitive Landscape
Advent has a competitive edge in HT-PEM technology but faces stiff competition from established players in the fuel cell market.
Major Acquisitions
FES GmbH
- Year: 2021
- Acquisition Price (USD millions): 37
- Strategic Rationale: Expansion of fuel cell stack manufacturing capabilities.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been modest with periods of rapid expansion in some segments.
Future Projections: Future growth projections are dependent on technology commercialization and market adoption.
Recent Initiatives: Recent initiatives include expanding partnerships, securing government funding, and developing new products.
Summary
Advent Technologies is an early-stage fuel cell company with proprietary HT-PEM technology, offering potential for growth in the clean energy sector. Its strengths include its innovation and strategic partnerships. However, challenges include competition, limited commercial traction, and the need for continued funding. Overcoming these challenges will determine the company's long-term success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Industry Reports
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change rapidly.
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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