Advent Technologies Holdings, Inc. (ADNH) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 0.00 means the share price is 0.00 times one year of earnings per share; the S&P 500 usually sits near 20-25. Beta 0.46: the stock has moved about 54% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gpt-4o-mini, generated Jun 14, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerAdvent Technologies Holdings, Inc. (ADNH) trades at $0.0006. Advent Technologies Holdings, Inc. specializes in advanced materials and technology development in the fuel cell and hydrogen technology sectors. Sector: Industrials.
Price as of Sep 10, 2026 · Last analyzed: Jun 14, 2026Analyst Coverage for ADNH: ADNH does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ADNH against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
No score published: we hold no usable price for this ticker, and a grade beside a missing price says nothing.
ADNH: the 2 scored disciplines are evenly split. Dominant signal: Ken Griffin bearish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Advent Technologies Holdings, Inc. (ADNH) Industrial Operations Profile
Advent Technologies Holdings, Inc. positions itself as a leader in the fuel cell and hydrogen technology markets, offering innovative solutions for clean energy applications across various sectors, including automotive and energy storage.
What Is the Investment Thesis for ADNH?
Advent Technologies Holdings, Inc. presents a unique investment thesis centered on its innovative approach to fuel cell technology and hydrogen solutions. The company operates in a sector projected to grow significantly, driven by increasing demand for clean energy alternatives. Key value drivers include the development of high temperature proton exchange membrane (HT-PEM) fuel cells and membrane electrode assemblies (MEAs), which are critical for enhancing fuel cell performance. However, the company faces risks associated with its small market capitalization of approximately $1.19M and the challenges of competing in a crowded market. Investors should monitor Advent's ability to secure partnerships, funding, and advancements in technology to capitalize on the growing hydrogen economy.
Based on FMP financials and quantitative analysis
ADNH Key Highlights
Market capitalization of approximately $1.19M reflects the company's current valuation in the OTC market.
- Profit margin of -589.8% indicates significant operational challenges and the need for improved cost management.
- Gross margin of -3859.2% highlights the company's current financial difficulties in generating revenue relative to its costs.
- Beta of 0.46 suggests lower volatility compared to the broader market, which may appeal to risk-averse investors.
- No dividend yield as the company is reinvesting in growth and technology development.
Who Are ADNH's Competitors?
ADNH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| PLUG Plug Power Inc. | $2.11 | -2.76% | $2.94B | — |
| FCEL FuelCell Energy, Inc. | $15.59 | -5.91% | $1.25B | — |
| BLDP Ballard Power Systems Inc. | $2.22 | -5.93% | $669M | — |
| CYATY Contemporary Amperex Technology Co., Limited | $17.62 | -1.56% | $311B | 499-signal |
| ABLZF ABB Ltd | $97.82 | -0.67% | $177B | 519-signal |
| DLEGF Delta Electronics (Thailand) Public Company Limited | $7.92 | 0.00% | $98.8B | 559-signal |
| VRT Vertiv Holdings Co | $248.13 | -5.61% | $95.5B | 785-pillar |
| BE Bloom Energy Corporation | $258.49 | -4.01% | $76.1B | 755-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are ADNH's Key Strengths?
Innovative technology in fuel cell systems.
- Strong focus on research and development.
- Expertise in hydrogen fuel cell applications.
What Are ADNH's Weaknesses?
Small market capitalization limits growth potential.
- Negative profit and gross margins indicate financial challenges.
- Limited operational scale with only 26 employees.
What Could Drive ADNH Stock Higher?
Potential partnerships with automotive manufacturers for fuel cell technology.
- Development of high temperature proton exchange membrane (HT-PEM) fuel cells.
- Engagement in research and development to innovate clean energy solutions.
- Expansion into new markets for hydrogen fuel cell applications.
- Monitoring regulatory changes that may impact the hydrogen market.
What Are the Key Risks for ADNH?
Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Financial challenges due to negative profit and gross margins.
- Intense competition from established players in the clean energy sector.
- Risks associated with operating in the OTC market, including lower visibility.
- Regulatory uncertainties affecting the hydrogen market.
What Are the Growth Opportunities for ADNH?
- Advent Technologies can leverage its expertise in fuel cell technology to capture a share of this growing market, particularly in automotive and energy storage applications. The company's focus on high temperature proton exchange membrane (HT-PEM) fuel cells positions it well to meet the demands of various sectors looking for efficient energy solutions.
- Growth opportunity 2: As governments worldwide implement policies to reduce carbon emissions, the demand for hydrogen as a clean energy source is expected to rise. Advent Technologies can benefit from these regulatory changes by expanding its product offerings and establishing partnerships with key industry players. The company's innovative fuel cell systems and components can play a crucial role in supporting the transition to a low-carbon economy.
- Growth opportunity 3: The increasing adoption of fuel cell technology in the automotive sector presents a significant growth avenue for Advent Technologies. With major automotive manufacturers investing in hydrogen fuel cell vehicles, Advent's expertise in developing fuel cell stacks and systems can facilitate collaborations and joint ventures, enhancing its market presence and revenue potential.
- Growth opportunity 4: Advent Technologies can explore opportunities in the energy storage market, which is projected to grow substantially as renewable energy sources become more prevalent. By developing advanced energy storage solutions that integrate with its fuel cell technology, the company can address the growing need for efficient energy management systems, positioning itself as a leader in this emerging market.
- Growth opportunity 5: The aviation industry is increasingly exploring hydrogen fuel cell technology as a sustainable alternative to traditional aviation fuels. Advent Technologies can capitalize on this trend by developing specialized fuel cell systems tailored for aviation applications, potentially opening new revenue streams and partnerships within the aerospace sector.
What Are ADNH's Competitive Advantages?
- Innovative technology in high temperature proton exchange membrane (HT-PEM) fuel cells.
- Expertise in developing critical components for fuel cell systems.
- Strategic partnerships with key players in the clean energy sector.
- Focus on research and development to stay ahead of industry trends.
What Does ADNH Do?
Advent Technologies Holdings, Inc. was founded with a vision to revolutionize the clean energy landscape through advanced materials and technology development. Headquartered in Livermore, California, the company operates primarily in the fuel cell and hydrogen technology markets across North America and Europe. Advent develops, manufactures, and assembles fuel cell systems and critical components that enhance the performance of hydrogen fuel cells and other energy systems. Its product offerings include high temperature proton exchange membrane (HT-PEM) fuel cells, electrodes for fuel cell and energy storage applications, and membrane electrode assemblies (MEAs). The company is also engaged in designing fuel cell stacks and complete systems for various applications, including stationary power, portable power, automotive, aviation, energy storage, and sensor markets. Despite its small employee base of 26, Advent Technologies aims to capitalize on the growing global interest in hydrogen as a clean energy source, positioning itself strategically within a rapidly evolving industry. The company faces significant challenges due to its limited market capitalization and the competitive nature of the clean energy sector, necessitating a focus on securing funding and advancing its technology commercialization efforts.
What Products and Services Does ADNH Offer?
- Develop and manufacture fuel cell systems for various applications.
- Create high temperature proton exchange membrane (HT-PEM) fuel cells.
- Produce electrodes for fuel cell and energy storage markets.
- Design membrane electrode assemblies (MEAs) to enhance fuel cell performance.
- Assemble complete fuel cell systems for stationary and portable power.
- Engage in research and development to innovate clean energy solutions.
How Does ADNH Make Money?
- Generate revenue through the sale of fuel cell systems and components.
- Develop partnerships with automotive and energy companies for collaborative projects.
- Invest in research and development to enhance product offerings and technology.
- Focus on securing government contracts and grants for clean energy initiatives.
What Industry Does ADNH Operate In?
The fuel cell and hydrogen technology industry is experiencing rapid growth, driven by increasing global interest in clean energy solutions. Advent Technologies Holdings, Inc. operates in a highly competitive landscape, facing challenges from established players and emerging startups in the clean energy sector. The shift towards sustainable energy sources and government incentives for hydrogen adoption are key trends that may benefit Advent in the coming years, positioning it as a significant player in the evolving energy market.
Who Are ADNH's Key Customers?
- Automotive manufacturers seeking hydrogen fuel cell technology.
- Energy companies looking for clean energy solutions.
- Aerospace firms exploring sustainable aviation fuels.
- Industrial clients requiring reliable energy storage systems.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 298 days ago
- ● No analyst coverage
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 62 |
| 2026-08-26 | 62 |
| 2026-08-29 | 62 |
| 2026-09-01 | 62 |
| 2026-09-04 | 62 |
| 2026-09-07 | 62 |
| 2026-09-10 | 62 |
What changed?
The score has stayed at 62.
Over the same 18 days the stock moved -45.5%.
Key Financial Metrics
Return on equity for Advent Technologies Holdings, Inc. stands at 1.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -4.3%, showing how much profit it generates from its asset base. A current ratio of 0.10 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -32.5%, the inverse of the P/E and a quick read on earnings relative to price.
ADNH Revenue & Earnings Trend
In Q3 FY2025, ADNH generated $62K in top-line revenue, marking a sequential decrease of 37.4%. The company recorded net income of $8.6M, with diluted EPS of $2.92. Revenue has contracted over three consecutive quarters, which investors in this unknown Industrials stock should monitor closely. Across the four most recent quarters, ADNH averaged $-0.11 in diluted EPS.
Company Profile
Advent Technologies Holdings, Inc. operates in the Electrical Equipment & Parts industry within the Industrials sector. It is headquartered in Livermore, US. The company is led by CEO Gary Lawrence Herman. ADNH has traded publicly since 2019.
Financial Health
Advent Technologies Holdings, Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
Forward Outlook
Wall Street analysts project Advent Technologies Holdings, Inc. revenue of about $395.5M for fiscal 2026, with EPS near $39.39.
Insider Activity
The most recent 5 insider filings for Advent Technologies Holdings, Inc. break down as 3 sales and 2 purchases. On net that is roughly 292K shares acquired (about $5K) — insiders putting money in tends to read as conviction.
ADNH Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Innovative technology in fuel cell systems.
- Strong focus on research and development.
- Expertise in hydrogen fuel cell applications.
- Upcoming: Potential partnerships with automotive manufacturers for fuel cell technology.
Bear Case
- Small market capitalization limits growth potential.
- Negative profit and gross margins indicate financial challenges.
- Limited operational scale with only 26 employees.
- Potential: Financial challenges due to negative profit and gross margins.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · June 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 FY2025 | $62,000 | $9M | $2.92 |
| Q2 FY2025 | $99,000 | -$4M | -$1.42 |
| Q1 FY2025 | $132,000 | -$3M | -$1.24 |
| Q4 FY2024 | -$244,000 | -$2M | -$0.70 |
Q3 FY2025 · filed 17 Nov 2025 · SEC EDGAR →
Based on FMP financials and quantitative analysis
ADNH Latest News
No recent news available for ADNH.
ADNH Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for ADNH.
Price Targets
Wall Street price target analysis for ADNH.
ADNH MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for ADNH; grades run from A+ (80-100) to F (below 30).
Leadership: Gary L. Herman
CEO
Gary L. Herman has a rich background in technology development and management, with a focus on clean energy solutions. He has held various leadership roles in the energy sector, bringing extensive experience in driving innovation and strategic growth. His educational background includes degrees in engineering and business, equipping him with the skills necessary to lead Advent Technologies in a competitive landscape.
Track Record: Under Gary L. Herman's leadership, Advent Technologies has focused on advancing its fuel cell technology and expanding its product offerings. He has successfully navigated the company through early-stage challenges, positioning it for future growth in the clean energy market.
ADNH OTC Market Information
The OTC Other tier includes companies that do not meet the listing requirements of major exchanges like NYSE or NASDAQ. These companies may have lower visibility and liquidity, which can impact trading and investment opportunities.
- OTC Tier: OTC Other
- Limited liquidity may hinder the ability to buy or sell shares quickly.
- Lower regulatory scrutiny compared to companies listed on major exchanges.
- Potential for higher volatility due to smaller market capitalization.
- Review recent financial statements and filings.
- Assess the company's competitive position and market trends.
- Monitor news and developments in the clean energy sector.
- Evaluate management's track record and strategic vision.
- Check for any outstanding legal or regulatory issues.
- Partnerships with recognized companies in the clean energy sector.
- Participation in industry conferences and events.
- Presence of experienced leadership with a proven track record.
What Investors Ask About Advent Technologies Holdings, Inc. (ADNH) — Industrials
Is ADNH a good stock?
Stock Expert AI does not rate ADNH buy, sell or hold. Advent Technologies Holdings, Inc. has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What are the main risks for ADNH?
Advent Technologies faces several risks, including financial challenges reflected in its negative profit and gross margins. The company operates in a highly competitive clean energy sector, which poses ongoing threats from established players.
What are the key factors to evaluate for ADNH?
Evaluate ADNH on fundamentals, analyst consensus, and risk factors. P/E: 0.00x vs the S&P 500's ~20-25x. Advent Technologies Holdings, Inc. presents a unique investment thesis centered on its innovative approach to fuel cell technology and hydrogen solutions. Not financial advice.
How frequently does ADNH data refresh on this page?
ADNH's price was last updated on Sep 10, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven ADNH's recent stock price performance?
Advent Technologies Holdings, Inc. (ADNH) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Innovative technology in fuel cell systems. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ADNH overvalued or undervalued right now?
Advent Technologies Holdings, Inc. (ADNH) trades at 0.00x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of ADNH?
Yes, most major brokerages offer fractional shares of Advent Technologies Holdings, Inc. (ADNH) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track ADNH's earnings and financial reports?
Advent Technologies Holdings, Inc. (ADNH) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for ADNH earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the latest available information and may be subject to change.