HydrogenPro ASA (HYPRF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
HydrogenPro ASA (HYPRF) trades at $0.23 with AI Score 41/100 (Grade C). HydrogenPro ASA specializes in designing and supplying customized hydrogen plants, focusing on alkaline high-pressure electrolysers. Market cap: $22.28M, Sector: Industrials.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for HYPRF: HYPRF 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 HYPRF against Industrials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
HYPRF: the 1 perspectives are evenly split.
How is this calculated? →HydrogenPro ASA (HYPRF) Industrial Operations Profile
HydrogenPro ASA, established in 2013, provides customized hydrogen plants and alkaline high-pressure electrolysers to industrial clients. Headquartered in Norway, the company offers containerized and indoor installation solutions, positioning itself within the growing hydrogen production market despite current negative profitability metrics.
What Is the Investment Thesis for HYPRF?
HydrogenPro ASA presents a speculative investment opportunity in the burgeoning green hydrogen sector. The company's focus on alkaline high-pressure electrolysers positions it to benefit from the increasing demand for green hydrogen in industrial applications. However, the company's negative profit margin of -282.5% and gross margin of -63.6% indicate significant challenges in achieving profitability. Key catalysts include potential partnerships with industrial clients and expansion into new markets. The primary risk involves the company's ability to secure funding and manage costs effectively to reach sustainable profitability in a competitive market. Investors should closely monitor the company's progress in securing contracts and improving its financial performance.
Based on FMP financials and quantitative analysis
HYPRF Key Highlights
- Market capitalization of $22.28M reflects the company's small size and growth stage.
- Negative P/E ratio of -0.58 indicates current unprofitability.
- Profit margin of -282.5% highlights significant operational challenges.
- Gross margin of -63.6% suggests high production costs relative to revenue.
- Beta of -0.03 indicates low volatility compared to the overall market.
Who Are HYPRF's Competitors?
HYPRF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BRANF Baran Group Ltd | $0.72 | +0.00% | $32.26M | 49 |
| BURCA Burnham Holdings, Inc. | $23.10 | -2.94% | $78.64M | 47 |
| GELNF Gelion plc | $0.26 | +0.00% | $59.65M | 49 |
| MURSF Murray & Roberts Holdings Limited | $0.03 | +0.00% | $10.18M | 45 |
| BLDP Ballard Power Systems Inc. | $3.46 | -1.85% | $1.04B | 64 |
| JBT John Bean Technologies Corporation (JBT) provides technology solutions to the food and beverage and air transportation industries. The company | $125.32 | -1.40% | $3.99B | 62 |
| DYFSF dynaCERT Inc. | $0.08 | -10.21% | $42.04M | 59 |
| NXHSF Next Hydrogen Solutions Inc. | $0.35 | +0.00% | $8.74M | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HYPRF's Key Strengths?
- Specialized in alkaline high-pressure electrolysers.
- Customized plant design capabilities.
- Focus on the growing green hydrogen market.
- Solutions for various plant sizes (containerized and indoor).
What Are HYPRF's Weaknesses?
- Negative profit margin and gross margin.
- Small market capitalization.
- Limited financial resources.
- Dependence on project-based contracts.
What Could Drive HYPRF Stock Higher?
- Potential partnerships with industrial clients to deploy HydrogenPro's technology.
- Increasing demand for green hydrogen driven by decarbonization efforts.
- Government incentives and subsidies for hydrogen production projects.
- Development and launch of next-generation electrolyser technology.
- Expansion into new geographic markets with high hydrogen demand.
What Are the Key Risks for HYPRF?
- Financial-distress signal — its Altman Z-Score of -4.31 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-85.3%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Negative profit margin and gross margin indicate financial challenges.
- Intense competition in the hydrogen technology market.
- Fluctuations in hydrogen prices affecting project economics.
- Limited financial resources and dependence on project-based contracts.
- Technological advancements by competitors rendering HydrogenPro's technology obsolete.
What Are the Growth Opportunities for HYPRF?
- Expansion into New Geographic Markets: HydrogenPro can pursue growth by expanding its operations into new geographic markets with high demand for green hydrogen, such as Europe and Asia. These regions are actively investing in hydrogen infrastructure and offer significant potential for growth. Successful expansion could significantly increase HydrogenPro's revenue and market share. Timeline: Ongoing.
- Development of Next-Generation Electrolyser Technology: Investing in research and development to create more efficient and cost-effective electrolyser technology can provide a competitive advantage. This includes improving energy efficiency, reducing capital costs, and increasing the lifespan of electrolysers. Successful innovation could attract new customers and drive revenue growth. Timeline: Ongoing.
- Strategic Partnerships with Industrial Clients: Forming strategic partnerships with industrial clients in sectors such as steel, chemicals, and refining can secure long-term contracts and provide a stable revenue stream. These partnerships can also facilitate the deployment of HydrogenPro's technology in real-world applications. Timeline: Ongoing.
- Government Incentives and Subsidies: Capitalizing on government incentives and subsidies for green hydrogen production can reduce project costs and improve the economic viability of HydrogenPro's solutions. Many countries are offering financial support for hydrogen projects to accelerate the transition to a clean energy economy. Timeline: Ongoing.
- Containerized Solutions for Remote Locations: Developing and deploying containerized hydrogen production units for remote locations can open up new markets and applications. This includes providing hydrogen for off-grid power generation, remote industrial facilities, and other specialized uses. Timeline: Ongoing.
What Opportunities Does HYPRF Have?
- Expansion into new geographic markets.
- Development of next-generation electrolyser technology.
- Strategic partnerships with industrial clients.
- Capitalizing on government incentives and subsidies.
What Threats Does HYPRF Face?
- Intense competition in the hydrogen technology market.
- Fluctuations in hydrogen prices.
- Technological advancements by competitors.
- Regulatory changes affecting the hydrogen industry.
What Are HYPRF's Competitive Advantages?
- Proprietary alkaline high-pressure electrolyser technology.
- Customized plant design capabilities.
- Experience in providing solutions for various plant sizes.
- Focus on the green hydrogen market.
What Does HYPRF Do?
HydrogenPro AS, founded in 2013 and based in Porsgrunn, Norway, designs and supplies customized hydrogen plants for industrial clients. The company's core offering revolves around alkaline high-pressure electrolysers, a technology crucial for producing green hydrogen. These electrolysers are designed to meet the specific needs of various industrial applications, providing clients with tailored hydrogen production solutions. HydrogenPro offers containerized solutions for smaller-scale plants, enabling rapid deployment and flexibility. For medium-sized plants, the company provides indoor installation options, optimizing space utilization and integration with existing infrastructure. The company's focus on high-pressure alkaline electrolysers differentiates it within the hydrogen technology landscape, targeting industries seeking efficient and scalable hydrogen production. While still in a growth phase, HydrogenPro aims to capitalize on the increasing demand for green hydrogen as industries transition towards sustainable energy sources.
What Products and Services Does HYPRF Offer?
- Designs customized hydrogen plants for industrial clients.
- Supplies alkaline high-pressure electrolysers.
- Offers containerized solutions for small plants.
- Provides indoor installations for medium plants.
- Focuses on green hydrogen production technology.
- Caters to industries seeking sustainable energy solutions.
How Does HYPRF Make Money?
- Sells customized hydrogen plants and electrolysers to industrial clients.
- Provides installation and maintenance services.
- Generates revenue through project-based contracts.
- Focuses on high-pressure alkaline electrolyser technology.
What Industry Does HYPRF Operate In?
HydrogenPro ASA operates within the industrial machinery sector, specifically targeting the green hydrogen production market. The industry is experiencing significant growth driven by increasing demand for clean energy and decarbonization efforts. Companies like BRANF and BURCA are also active in the hydrogen technology space, creating a competitive landscape. HydrogenPro's focus on alkaline high-pressure electrolysers positions it within a specific niche of this market, aiming to provide efficient and scalable solutions for industrial clients. The overall market for hydrogen production is projected to grow substantially in the coming years, presenting both opportunities and challenges for HydrogenPro.
Who Are HYPRF's Key Customers?
- Industrial clients in sectors such as steel, chemicals, and refining.
- Companies seeking to decarbonize their operations.
- Organizations investing in green hydrogen production.
- Businesses requiring on-site hydrogen generation capabilities.
ROE -85%Key Financial Metrics
Return on equity for HydrogenPro ASA stands at -85.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -70.2%, showing how much profit it generates from its asset base. A current ratio of 1.37 indicates the company holds enough short-term assets to cover its near-term obligations.
How HydrogenPro ASA Is Valued
HydrogenPro ASA carries a market capitalization of $22.28M, placing it in the micro-cap category. Relative to its peer group, HYPRF's quantitative score of 41/100 is roughly in line with the peer average of 51/100.
F-Score 2/9Financial Health
HydrogenPro ASA's Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -4.31 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project HydrogenPro ASA revenue of about $135.3M for fiscal 2026, with EPS near $-1.64.
HYPRF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Specialized in alkaline high-pressure electrolysers.
- Customized plant design capabilities.
- Focus on the growing green hydrogen market.
- Solutions for various plant sizes (containerized and indoor).
Bear Case
- Negative profit margin and gross margin.
- Small market capitalization.
- Limited financial resources.
- Dependence on project-based contracts.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
HYPRF Latest News
No recent news available for HYPRF.
HYPRF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for HYPRF.
Price Targets
Wall Street price target analysis for HYPRF.
HYPRF MoonshotScore
What does this score mean?
The MoonshotScore rates HYPRF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Jarle Dragvik
CEO
Jarle Dragvik serves as the CEO of HydrogenPro ASA, leading a team of 151 employees. His background includes experience in the industrial sector, with a focus on technology and engineering. Prior to joining HydrogenPro, Dragvik held leadership positions in various companies, demonstrating his expertise in managing and growing technology-driven businesses. His educational background includes a degree in engineering, providing him with a strong technical foundation for his role at HydrogenPro.
Track Record: Since assuming the role of CEO, Jarle Dragvik has focused on expanding HydrogenPro's market presence and securing contracts with industrial clients. He has overseen the development of new electrolyser technologies and the implementation of strategic partnerships. Under his leadership, the company has navigated the challenges of a rapidly evolving hydrogen market, while striving to improve its financial performance and achieve sustainable growth.
HYPRF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that HydrogenPro ASA may not meet the minimum financial or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial reporting, potentially increasing the risk for investors. Unlike stocks listed on major exchanges like the NYSE or NASDAQ, OTC Other stocks often have less stringent listing standards, resulting in a wider range of company quality and transparency.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry.
- Low trading volume can lead to price manipulation.
- Higher potential for fraud or scams compared to listed exchanges.
- OTC Other status indicates the company may not meet minimum financial standards.
- Volatility due to speculative trading.
- Verify the company's financial statements and audit reports.
- Research the background and experience of the management team.
- Assess the company's business model and competitive landscape.
- Check for any regulatory filings or legal issues.
- Understand the risks associated with investing in OTC stocks.
- Confirm the company's contact information and physical address.
- Consult with a financial advisor before investing.
- Company's operational history since 2013.
- Focus on a growing market (green hydrogen).
- Presence of a CEO (Jarle Dragvik).
- Company size of 151 employees.
- Patents or proprietary technology in hydrogen production.
HydrogenPro ASA Industrials Stock: Key Questions Answered
What does HydrogenPro ASA do?
HydrogenPro ASA designs, supplies, and installs customized hydrogen plants for industrial clients, focusing on alkaline high-pressure electrolysers. Their solutions cater to various plant sizes, offering containerized options for smaller operations and indoor installations for medium-sized facilities. The company aims to provide efficient and scalable green hydrogen production solutions, targeting industries seeking to decarbonize their operations and transition to sustainable energy sources. HydrogenPro's expertise lies in tailoring hydrogen production systems to meet the specific needs of its clients.
What are the main risks for HYPRF?
The main risks for HydrogenPro ASA include its current negative profit margin and gross margin, indicating significant financial challenges. Intense competition in the hydrogen technology market poses a threat to the company's market share. Fluctuations in hydrogen prices can affect the economics of hydrogen production projects. Limited financial resources and dependence on project-based contracts create vulnerability. Technological advancements by competitors could render HydrogenPro's technology obsolete.
What are the key factors to evaluate for HYPRF?
HydrogenPro ASA (HYPRF) holds an AI score of 41/100 (low). Not financial advice.
How frequently does HYPRF data refresh on this page?
HYPRF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven HYPRF's recent stock price performance?
HydrogenPro ASA (HYPRF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized in alkaline high-pressure electrolysers. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider HYPRF overvalued or undervalued right now?
Valuing HydrogenPro ASA (HYPRF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying HYPRF?
Before investing in HydrogenPro ASA (HYPRF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding HYPRF to a portfolio?
Key strength of HydrogenPro ASA (HYPRF): Specialized in alkaline high-pressure electrolysers. Weigh rewards against risks and diversify. Not financial advice.
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.
- Financial data based on the most recent available information.
- AI analysis pending for more comprehensive insights.