Next Hydrogen Solutions Inc. (NXHSF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
Market cap $7.35M is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 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 AnswerNext Hydrogen Solutions Inc. (NXHSF) trades at $0.2942 with MoonshotScore 59/100 (Grade B). Next Hydrogen Solutions Inc. specializes in designing, manufacturing, and selling water electrolyzers for clean hydrogen production. Market cap: $7.35M, Sector: Industrials.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for NXHSF: NXHSF 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 NXHSF against Industrials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
NXHSF: the 3 scored disciplines are evenly split. Dominant signal: Seth Klarman 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
Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Next Hydrogen Solutions Inc. (NXHSF) Industrial Operations Profile
Next Hydrogen Solutions Inc. provides water electrolyzers for clean hydrogen production, targeting the decarbonization of transportation and industrial sectors. With a focus on commercial solutions, the company operates in the industrial machinery segment, facing competition in the evolving hydrogen energy market.
What Is the Investment Thesis for NXHSF?
Next Hydrogen Solutions Inc. presents an investment opportunity within the burgeoning clean hydrogen sector. The company's focus on water electrolyzers aligns with the global push for decarbonization and the increasing demand for clean energy sources. With a Gross Margin of 79.5%, Next Hydrogen demonstrates potential for profitability as it scales its operations. However, the company's negative Profit Margin of -279.2% indicates significant operational challenges that need to be addressed. Key growth catalysts include expanding partnerships and securing contracts within the transportation and industrial sectors. Investors should monitor the company's ability to improve its financial performance and capitalize on the growing hydrogen market. The negative Beta of -0.54 suggests that the stock price is less volatile than the market.
Based on FMP financials and quantitative analysis
NXHSF Key Highlights
Market Cap of $7.35M indicates the company's small size within the industrial machinery sector.
- Gross Margin of 79.5% suggests strong potential for profitability in its core operations.
- P/E Ratio of -1.65 reflects the company's current lack of profitability.
- Negative Profit Margin of -279.2% highlights significant operational challenges and areas for improvement.
- Beta of -0.54 suggests that the stock price is less volatile than the market.
Who Are NXHSF's Competitors?
NXHSF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| CHSTY China High Speed Transmission Equipment Group Co., Ltd. | $3.63 | 0.00% | $9.50M | — |
| GLKFF Cleantek Industries Inc. | $0.39 | 0.00% | $11.4M | — |
| GTEC Greenland Technologies Holding Corporation | $1.09 | +1.87% | $28.9M | 845-pillar |
| CVV CVD Equipment Corporation | $6.27 | -2.34% | $43.5M | 525-pillar |
| HURC Hurco Companies, Inc. | $22.59 | +0.13% | $146M | 555-pillar |
| TAYD Taylor Devices, Inc. | $60.43 | +1.77% | $195M | 735-pillar |
| SKUYF Sansei Technologies, Inc. | $16.39 | 0.00% | $298M | 549-signal |
| TWIN Twin Disc, Incorporated | $24.61 | +1.09% | $355M | 775-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 NXHSF's Key Strengths?
Specialized in water electrolyzer technology.
- Focus on clean hydrogen production.
- Targets growing decarbonization market.
- High Gross Margin (79.5%)
What Are NXHSF's Weaknesses?
Small market capitalization ($7.35M).
- Negative profit margin (-279.2%).
- Limited market presence.
- Dependence on a niche market.
What Could Drive NXHSF Stock Higher?
Potential partnerships with automotive manufacturers for hydrogen fuel cell vehicle infrastructure.
- Government incentives and subsidies for clean hydrogen production.
- Expansion into the industrial sector for on-site hydrogen production.
- Technological advancements in electrolyzer efficiency and cost reduction.
- Increasing global demand for clean energy and decarbonization efforts.
What Are the Key Risks for NXHSF?
Financial-distress signal — its Altman Z-Score of -5.71 sits in the distress zone (elevated bankruptcy risk).
- Competition from larger industrial players with greater resources.
- Fluctuations in energy prices affecting the economic viability of hydrogen production.
- Technological obsolescence due to rapid advancements in clean energy technologies.
- Limited financial disclosure and liquidity due to OTC listing.
- Regulatory changes affecting hydrogen production and distribution.
What Are the Growth Opportunities for NXHSF?
- Expansion into the Transportation Sector: Next Hydrogen can capitalize on the growing demand for hydrogen fuel cell vehicles. Securing partnerships with automotive manufacturers and transportation companies will be crucial for capturing this market share.
- Penetration of the Industrial Sector: The industrial sector, including steel, cement, and chemical production, is a significant consumer of hydrogen. Next Hydrogen can target these industries by offering electrolyzer solutions for on-site hydrogen production, reducing their reliance on fossil fuels. The market for industrial hydrogen production is expected to grow as industries face increasing pressure to decarbonize, presenting a long-term growth opportunity for Next Hydrogen.
- Strategic Partnerships and Collaborations: Forming strategic alliances with other companies in the clean energy sector can accelerate Next Hydrogen's growth. Collaborating with renewable energy providers, engineering firms, and technology developers can enhance the company's capabilities and expand its market reach. These partnerships can also facilitate access to new technologies and funding opportunities, strengthening Next Hydrogen's competitive position.
- Government Incentives and Subsidies: Governments worldwide are implementing policies and incentives to promote the adoption of clean hydrogen technologies. Next Hydrogen can leverage these incentives by actively participating in government programs and applying for grants and subsidies. These financial incentives can reduce the cost of deploying electrolyzer solutions and make them more competitive compared to traditional hydrogen production methods. The timeline for realizing these benefits depends on the specific government policies and programs in each region.
- Technological Innovation and Product Development: Continuous investment in research and development is essential for Next Hydrogen to maintain a competitive edge. Developing more efficient and cost-effective electrolyzer technologies can attract new customers and expand the company's market share. Focusing on innovations such as advanced electrode materials and improved system designs can enhance the performance and reliability of Next Hydrogen's products. The timeline for realizing the benefits of technological innovation depends on the pace of research and development and the time required for commercialization.
What Are NXHSF's Competitive Advantages?
- Proprietary electrolyzer technology.
- Focus on decarbonizing transportation and industrial sectors.
- Expertise in water electrolysis.
What Does NXHSF Do?
Next Hydrogen Solutions Inc., established in 2007 and headquartered in Mississauga, Canada, focuses on designing, manufacturing, and selling water electrolyzers. These electrolyzers use electricity to split water into hydrogen and oxygen, producing clean hydrogen for various applications. The company's primary goal is to offer commercial solutions that aid in decarbonizing the transportation and industrial sectors, addressing the growing demand for clean energy alternatives. Next Hydrogen's products are designed to provide efficient and reliable hydrogen production, catering to industries seeking to reduce their carbon footprint. The company's evolution has been centered around refining its electrolyzer technology and expanding its market reach within the clean energy sector. As a player in the industrial machinery segment, Next Hydrogen competes with other companies offering hydrogen production solutions, striving to differentiate itself through technological innovation and customer-focused service.
What Products and Services Does NXHSF Offer?
- Designs water electrolyzers.
- Manufactures water electrolyzers.
- Sells water electrolyzers.
- Provides solutions for clean hydrogen production.
- Targets the transportation sector for decarbonization.
- Aims to decarbonize industrial sectors.
How Does NXHSF Make Money?
- Sells water electrolyzers to generate clean hydrogen.
- Offers commercial solutions for decarbonizing transportation.
- Provides solutions for decarbonizing industrial sectors.
What Industry Does NXHSF Operate In?
Next Hydrogen Solutions Inc. operates within the industrial machinery sector, specifically targeting the clean hydrogen production market. The industry is experiencing growth due to increasing global demand for clean energy and decarbonization efforts. Companies like Next Hydrogen are developing and deploying technologies such as water electrolyzers to produce hydrogen, a versatile energy carrier. The competitive landscape includes established industrial players and emerging clean energy technology companies. Market trends favor companies that can provide efficient, reliable, and cost-effective hydrogen production solutions. The company competes with APGI, CHSTY, GLKFF, MNSEF, and MPHYF.
Who Are NXHSF's Key Customers?
- Transportation companies seeking to use hydrogen fuel.
- Industrial companies aiming to reduce carbon emissions.
- Organizations involved in clean energy initiatives.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in CAD, converted to USD
Why 59?
This rating comes from our nine-signal model, which produces a score but not a per-factor breakdown. The sector-relative five-pillar model, which explains its own contributions, does not cover this listing yet. How the score is built →
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 59 |
| 2026-08-26 | 59 |
| 2026-08-29 | 59 |
| 2026-09-01 | 59 |
| 2026-09-04 | 59 |
| 2026-09-07 | 59 |
| 2026-09-10 | 59 |
What changed?
The score has stayed at 59.
Over the same 18 days the stock moved +3.6%.
Next Hydrogen Solutions Inc. (NXHSF) Valuation Context
Valued at $7.35M, NXHSF is classified as a micro-cap stock. Relative to its peer group, NXHSF's quantitative score of 59/100 is roughly in line with the peer average of 66/100.
NXHSF Revenue & Earnings Trend
In Q2 FY2026, NXHSF generated $634K in top-line revenue, marking a sequential increase of 191.4%. The company recorded a net loss of $2.1M, with diluted EPS of $-0.03. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Industrials. Across the four most recent quarters, NXHSF averaged $-0.03 in diluted EPS.
Company Profile
Next Hydrogen Solutions Inc. operates in the Industrial - Machinery industry within the Industrials sector. It is headquartered in Mississauga, CA. The company is led by CEO Raveel Afzaal. NXHSF has traded publicly since 2021.
Key Financial Metrics
Return on assets is -27.5%, showing how much profit it generates from its asset base. Its free cash flow yield is -75.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.26 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -21.7%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Next Hydrogen Solutions Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -5.71 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
Next Hydrogen Solutions Inc. has missed Wall Street's EPS estimate in 1 of its last 3 reported quarters — a mixed record worth weighing. Reported results have landed about 3.2% below estimates on average.
NXHSF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Specialized in water electrolyzer technology.
- Focus on clean hydrogen production.
- Targets growing decarbonization market.
- High Gross Margin (79.5%)
Bear Case
- Small market capitalization ($7.35M).
- Negative profit margin (-279.2%).
- Limited market presence.
- Dependence on a niche market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $633,913.686 | -$2M | -$0.03 |
| Q1 FY2026 | $217,520.272 | -$2M | -$0.03 |
| Q4 FY2025 | $377,103.208 | -$1M | -$0.04 |
| Q3 FY2025 | $2M | $63,103.153 | $0.0027 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from CAD at today's rate
NXHSF Latest News
-
Next Hydrogen Completes Engineering Design for 10 MW Fueling Station in Expanding British Columbia Market
Yahoo! Finance: NXHSF News · Aug 18, 2026
-
Next Hydrogen Solutions Inc. Reports Q2 2026 Financial Results and Announces Appoint of Jocelyne Moyer as President and CEO
globenewswire.com · Aug 18, 2026
NXHSF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for NXHSF.
Price Targets
Wall Street price target analysis for NXHSF.
NXHSF MoonshotScore
What does this score mean?
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. NXHSF scores 59/100 (Grade B): the number comes from the legacy nine-factor engine (quantitative signals from revenue growth to news sentiment), written once, not refreshed.
Latest News
Leadership: Raveel Afzaal
CEO
Raveel Afzaal serves as the CEO of Next Hydrogen Solutions Inc. His background includes experience in managing and leading teams within the technology and engineering sectors. He has a proven track record of driving innovation and implementing strategic initiatives to achieve business objectives. His expertise lies in identifying market opportunities and developing solutions to meet customer needs. He is responsible for overseeing the overall operations and strategic direction of Next Hydrogen.
Track Record: Under Raveel Afzaal's leadership, Next Hydrogen Solutions Inc. has focused on refining its water electrolyzer technology and expanding its market presence in the clean hydrogen sector. He has been instrumental in securing key partnerships and contracts, driving the company's growth. His strategic decisions have positioned Next Hydrogen as a player in the decarbonization of transportation and industrial sectors.
NXHSF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Next Hydrogen Solutions Inc. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited financial disclosure and may be subject to greater risks due to less stringent regulatory oversight compared to companies listed on major exchanges like NYSE or NASDAQ. This tier is often populated by shell companies, bankrupt entities, or companies with regulatory issues.
- OTC Tier: OTC Other
- Limited financial disclosure due to the OTC Other tier.
- Higher price volatility compared to stocks on major exchanges.
- Potential for limited liquidity and difficulty in executing trades.
- Increased risk of fraud or manipulation due to less regulatory oversight.
- Dependence on a niche market and technological advancements.
- Verify the company's financial statements and SEC filings, if available.
- Assess the company's management team and their track record.
- Research the company's business model and competitive landscape.
- Evaluate the company's technology and intellectual property.
- Check for any legal or regulatory issues.
- Monitor trading volume and price volatility.
- Consult with a financial advisor before investing.
- Focus on clean hydrogen production aligns with global decarbonization efforts.
- Proprietary electrolyzer technology.
- CEO with experience in technology and engineering sectors.
- High Gross Margin (79.5%)
- Company founded in 2007 suggests some operational history.
What Investors Ask About Next Hydrogen Solutions Inc. (NXHSF) — Industrials
What does the AI Score mean for NXHSF?
NXHSF holds an AI Score of 59/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. The number comes from the legacy nine-factor engine (quantitative signals from revenue growth to news sentiment), written once, not refreshed. Next Hydrogen Solutions Inc. specializes in designing, manufacturing, and selling water electrolyzers for clean hydrogen production.
Is NXHSF a good stock?
Stock Expert AI does not rate NXHSF buy, sell or hold. Next Hydrogen Solutions Inc. carries a MoonshotScore of 59/100 on the legacy nine-factor engine, a research rating against its peers. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What does Next Hydrogen Solutions Inc. do?
Next Hydrogen Solutions Inc. specializes in the design, manufacture, and sale of water electrolyzers, which are used to produce clean hydrogen.
What are the main risks for NXHSF?
The main risks for Next Hydrogen Solutions Inc. include its small market capitalization, negative profit margin, and limited market presence. Competition from larger industrial players with greater resources is also a significant threat.
What are the key factors to evaluate for NXHSF?
Next Hydrogen Solutions Inc. (NXHSF) holds a MoonshotScore of 59/100 (moderate). Next Hydrogen Solutions Inc. presents an investment opportunity within the burgeoning clean hydrogen sector. Not financial advice.
How frequently does NXHSF data refresh on this page?
NXHSF's price was last updated on Sep 11, 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 NXHSF's recent stock price performance?
Next Hydrogen Solutions Inc. (NXHSF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized in water electrolyzer technology. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NXHSF overvalued or undervalued right now?
Next Hydrogen Solutions Inc. (NXHSF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of NXHSF?
Yes, most major brokerages offer fractional shares of Next Hydrogen Solutions Inc. (NXHSF) 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.
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.
- Limited information available for OTC-listed companies.