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Advent Technologies Holdings Inc (ADNWW)



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Upturn Advisory Summary
03/11/2025: ADNWW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -62.42% | Avg. Invested days 24 | 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 437.76M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 79350 | Beta 0.58 | 52 Weeks Range 0.01 - 0.04 | Updated Date 03/22/2025 |
52 Weeks Range 0.01 - 0.04 | Updated Date 03/22/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -6192.97% |
Management Effectiveness
Return on Assets (TTM) -100.54% | 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 2533078 |
Shares Outstanding - | Shares Floating 2533078 | ||
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | 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., founded in 2012, focuses on fuel cell and hydrogen technology. It evolved through strategic acquisitions and partnerships, aiming to be a leader in next-generation electrochemical technology.
Core Business Areas
- Fuel Cell Systems: Develops and manufactures fuel cell systems for stationary and portable power applications.
- Membrane Electrode Assemblies (MEAs): Produces MEAs, a key component in fuel cells, using proprietary HT-PEM technology.
- Electrolyzers: Develops electrolyzer technology for hydrogen production.
Leadership and Structure
Dr. Vasilis Gregoriou is the Chairman and CEO. The company has a structured management team overseeing different business segments and operations.
Top Products and Market Share
Key Offerings
- Product Name 1: SereneU fuel cells: Fuel cell systems for backup power, market share not publicly available. Competitors: Ballard Power Systems, Plug Power.
- Product Name 2: HT-PEM MEAs: High-temperature polymer electrolyte membrane MEAs. Market share not publicly available. Competitors: Gore, 3M.
Market Dynamics
Industry Overview
The fuel cell and hydrogen industry is experiencing rapid growth driven by increasing demand for clean energy solutions and government incentives. Challenges remain in cost reduction and infrastructure development.
Positioning
Advent Technologies is positioned as a technology provider in the HT-PEM fuel cell space, focusing on niche applications where high-temperature operation is advantageous.
Total Addressable Market (TAM)
The global fuel cell market is estimated at tens of billions of dollars. Advent is targeting specific segments within this TAM, focusing on high-temperature PEM fuel cells for stationary and portable power, addressing a portion of this overall market.
Upturn SWOT Analysis
Strengths
- Proprietary HT-PEM technology
- Established partnerships
- Experienced management team
Weaknesses
- Limited commercial-scale production
- Dependence on government funding
- High operating losses
Opportunities
- Growing demand for clean energy
- Government incentives for fuel cell adoption
- Expansion into new markets
Threats
- Competition from established fuel cell companies
- Fluctuations in government funding
- Technological advancements in alternative energy sources
Competitors and Market Share
Key Competitors
- PLUG
- FCEL
- BE
Competitive Landscape
Advent faces competition from established players with greater financial resources and market presence. Its HT-PEM technology offers a niche advantage.
Major Acquisitions
Fiaxell
- Year: 2021
- Acquisition Price (USD millions): 4.7
- Strategic Rationale: Expanded Advent's MEA production capabilities and intellectual property portfolio.
Growth Trajectory and Initiatives
Historical Growth: Advent has shown revenue growth, driven by its technology and market entry.
Future Projections: Analysts predict further growth, but it is highly dependent on government funding and achieving commercial sales.
Recent Initiatives: Recent initiatives include expansion of manufacturing capacity and new partnership agreements.
Summary
Advent Technologies is a fuel cell technology company with potential. However, the company faces financial risks as it ramps up manufacturing and develops its niche market. It requires consistent financial support, growth in market share, and strong partnerships for success.
Similar Companies

BE

Bloom Energy Corp



BE

Bloom Energy Corp

FCEL

FuelCell Energy Inc



FCEL

FuelCell Energy Inc

PLUG

Plug Power Inc



PLUG

Plug Power Inc
Sources and Disclaimers
Data Sources:
- Company filings, press releases, analyst reports.
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market share data is estimated.
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 100 | Website https://www.advent.energy |
Full time employees 100 | 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, Europe, and Asia. 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. It is also involved in the design of fuel cell stacks for stationary power, portable power, automotive, aviation, energy storage and sensor markets. The company is headquartered in Livermore, California.
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