Fusion Fuel Green Plc Stock Price, News & Analysis

BrightHy Solutions, a Fusion Fuel company, has announced a strategic partnership with Sungrow Hydrogen to enhance hydrogen production solutions in Iberia. Under the agreement, BrightHy will act as an agent for Sungrow Hydrogen's products, combining BrightHy's local expertise and engineering capabilities with Sungrow's advanced technology. Sungrow Hydrogen brings significant technological expertise, including a 30MW Water Electrolysis Hydrogen Production Platform, a Germany-based Hydrogen Technology Laboratory, and over 550 patents and copyrights. The partnership builds on existing collaboration between the companies on hydrogen projects in the region and aims to accelerate the deployment of green hydrogen solutions.

Fusion Fuel Green PLC (NASDAQ: HTOO) has signed non-binding Heads of Terms to acquire a UK-based fuel distribution business for £50 million. The deal structure includes £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares. The target company demonstrated strong financial performance, with revenues growing from $50 million in FY2024 to $58 million in FY2025, and net income increasing from $5 million to $7 million.

The agreement includes a 90-day exclusivity period and various equity protection provisions. The acquisition remains subject to due diligence, definitive agreements, and necessary approvals. The target company maintains a healthy balance sheet with minimal debt of $1 million under a revolving credit line.

Fusion Fuel Green PLC (HTOO) announced significant business expansion through its subsidiary Al Shola Gas in Dubai. The company secured $2.7 million in new engineering contracts since March 2025 and added over 1,800 residential service contracts and two commercial service contracts, generating approximately $0.9 million in recurring revenue.

Al Shola Gas now serves over 12,000 residential customers and 170 food and beverage outlets. The company's bulk LPG supply exceeds 600 MT monthly, growing organically by 10-20 MT per month. With new bobtail trucks joining their fleet, they expect to reach 800 MT monthly in bulk LPG supply by year-end.

Fusion Fuel Green PLC (HTOO) has signed a non-binding letter of intent to acquire a privately held British fuel distribution company for £50 million. The acquisition terms include £25 million in debt-financed cash, £2 million from capital raise, £8 million in company shares with a make-whole agreement, and two £7.5 million cash payments at 9 and 18 months post-closing.

The target company demonstrated strong financial performance, reporting $50 million revenue and $4 million net income in 2023, growing to $54 million revenue and $7 million net income in 2024. This acquisition follows Fusion Fuel's recent purchase of Quality Industrial Corp. and aligns with their strategy to build a profitable portfolio across the energy value chain.

The transaction remains subject to due diligence, definitive agreements, and regulatory approvals.

Fusion Fuel Green PLC (Nasdaq: HTOO) has secured a $1.3 million private placement of senior convertible notes with institutional investors. The notes were issued at a weighted-average original issue discount of approximately 23% for an aggregate purchase price of $1.0 million. The notes will mature in August 2026 and carry an 8% annual interest rate.

The company also issued warrants to noteholders for additional equity participation. CEO John-Paul Backwell stated that this follow-on financing strengthens their financial position and demonstrates investor confidence. The proceeds will be used for additional working capital.

Fusion Fuel Green PLC (Nasdaq: HTOO) has appointed Luisa Ingargiola to its Board of Directors, effective February 24, 2025. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who remains on the Board. She will also join the Nominating Committee, Audit Committee, and Compensation Committee.

The Board now consists of six directors, with four classified as independent directors under Nasdaq Listing Rules. Ingargiola currently serves as Chief Financial Officer of Avalon GloboCare Corp. (Nasdaq: ALBT) and holds board positions at Vision Marine Technologies (Nasdaq: VMAR) and BioCorRx Inc. (OTCQB: BICX), where she chairs the Audit Committees. She previously served as CFO and co-founder of BBHC, Inc. Ingargiola holds a Business Administration degree from Boston University and a Master of Health Administration from the University of South Florida.

Fusion Fuel Green PLC (HTOO) has received a decision from the Nasdaq Hearings Panel regarding its listing status. The panel found the company compliant with Rule 5550(b)(1), which requires minimum stockholders' equity of $2,500,000. The company has been granted exceptions with specific deadlines to meet other listing requirements:

1. By June 29, 2025: Must hold an annual shareholder meeting (Rule 5620(a))

2. By July 28, 2025: Must achieve a minimum bid price of $1.00 per share (Rule 5550(a)(2)), maintaining it for at least 10 consecutive business days. The Nasdaq hearing was held on January 7, 2025.

Fusion Fuel Green PLC (HTOO) announced its transfer from Nasdaq Global Market to Nasdaq Capital Market, effective February 3, 2025. The company received an additional 180-day period until July 28, 2025, to regain compliance with the $1.00 minimum bid price requirement. The company may implement a reverse share split to meet this requirement.

Additionally, as reported on January 13, 2025, Fusion Fuel was notified of non-compliance with Nasdaq's annual meeting requirement, having not held a shareholder meeting within twelve months of the fiscal year ended December 31, 2023. The company's securities will continue trading under symbols 'HTOO' and 'HTOOW' with no anticipated material impact on equity trading.

Fusion Fuel Green PLC (NASDAQ: HTOO) announced a leadership transition as Gavin Jones steps down as Chief Financial Officer, effective January 24, 2025. The company has appointed Frederico Figueira de Chaves as Interim CFO, who previously served in the same role from 2020 to 2023.

Jones will continue as Company Secretary to ensure a smooth transition. Figueira de Chaves, currently serving as Chief Strategy Officer and Head of Hydrogen Solutions, will maintain these responsibilities alongside his new interim CFO role. He will be supported by the existing in-house finance team.

The transition occurs at a strategic time as Fusion Fuel focuses on expanding its hydrogen solutions and gas services businesses. The company aims to strengthen its position in integrated energy solutions under the new financial leadership.