Fusion Fuel Green Plc Stock Price, News & Analysis

Fusion Fuel (NASDAQ:HTOO) announced that its subsidiary Al Shola Gas has secured AED 4.4 million (~$1.2 million) in new engineering and utility projects in Dubai, UAE. This follows their previous announcement of $2.7 million in engineering contracts and 1,800 new residential service contracts secured since early 2025.

The new projects include a Dubai Marina Development DBOM contract for 620 residential units, a Business Bay Tower project with 242 apartments, a Satwa Mid-Rise Development with 240 apartments, and four smaller cluster projects. Al Shola Gas's utility billing footprint has exceeded 12,000 active customers, with bulk LPG supply volumes over 600 metric tons monthly and targeting 800 metric tons by year-end.

Fusion Fuel Green PLC (HTOO) has announced its Annual General Meeting scheduled for June 25, 2025, at 2:00 PM in Dublin, Ireland. The key highlight is a proposal for a reverse share split ranging from 4-to-1 to 40-to-1, aimed at regaining compliance with Nasdaq's $1.00 minimum bid price requirement. The Board will determine the final split ratio. CEO John-Paul Backwell expressed confidence that this move, along with strong growth and potential strategic acquisitions, will help ensure long-term sustainability. The AGM will present six proposals for shareholder approval, with shareholders of record as of May 30, 2025, eligible to participate.

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.