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Explore 3 Stock Ideas & Industry Insights Download Free Report

Company price
0.0962 USD -0.00 ( 3.80%)
Last update at 2026-11-12T15:07:00Z
VOLUME
3000
Market Cap
159.16M

Momentum Score

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H-Power plc engages in the development of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions in the United Kingdom. It operates through Sales of fuel cell generators and Rental segments. The company provides an H-Power Tower, an S series fuel cell generators; and L series fuel cell generators. It is also developing an H-power generator " S series fuel cell, a modular compact; H-power generator S+ series fuel cell diesel generator alternative; ammonia cracker, a technology to convert ammonia into hydrogen; and a methanol fuel tower, a technology solution for conversion of carrier fuel methanol into hydrogen. In addition, the company provides various support solutions, including the supply of hydrogen, ammonia or methanol; consultation on fuel consumption and logistics requirements; arranging the sourcing, supply, and delivery of the fuel of choice; consultation or supply of on-site fuel storage; consultation and design of the full power solution based on the application; arrangements to supply, deliver, and connect battery energy storage technology; technical integration of technologies, such as battery, fuel cell, fuel conversion, and fuel storage; monitoring and optimization for the full system; on-site installation, commissioning, and decommissioning; on call maintenance from field support team; and operating guidelines and on-site briefing services. It offers products for use in various applications, such as maritime, construction, data centers, outdoor events, EV charging, and rail sectors. The company was formerly known as AFC Energy plc and changed its name to H-Power plc in May 2026. The company was incorporated in 2006 and is based in Cranleigh, the United Kingdom.

Source: TradingView
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Day Price Range
0.10
Low
0.10
High
52 Week Price Range
0.10
Low
0.24
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
0.10
Dividend Yield
-
Revenue TTM
0.36M
Revenue Per Share
-
Gross Profit TTM
0.17M
Debt / Equity
0.00
ROE
-67.48%
Net Debt
-14.17M
ROCE
-70.55%
Diluted EPS TTM
-0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Income before tax -25.47M -19.31M -19.56M -19.49M -10.44M
Net income -22.21M -17.42M -17.48M -16.45M -9.38M
Selling general administrative 3.08M 2.83M 2.37M 2.75M 1.12M
Selling and marketing expenses - - 7.54M - -
Gross profit -4.34M -1.87M -0.07M 0.12M 0.02M
Reconciled depreciation 4.25M 2.59M 1.66M 1.85M 0.89M
Ebit -25.78M -19.27M -19.49M -19.45M -10.40M
Ebitda -21.53M -16.67M -17.83M -17.60M -9.51M
Depreciation and amortization 4.25M 2.59M 1.66M 1.85M 0.89M
Operating income -25.78M -19.57M -20.02M -19.61M -10.41M
Other operating expenses 25.91M 23.57M 20.25M 20.19M 11.00M
Interest expense 0.04M 0.04M 0.07M 0.04M 0.04M
Tax provision -3.26M -1.89M -2.09M -3.04M -1.06M
Interest income 0.21M 0.32M 0.51M 0.14M 0.02M
Net interest income 0.17M 0.26M 0.44M 0.10M -0.03M
Income tax expense -3.26M -1.89M -2.09M -3.04M -1.06M
Total revenue 0.13M 4.00M 0.23M 0.58M 0.59M
Total operating expenses 21.44M 17.70M 19.95M 19.73M 10.42M
Cost of revenue 4.47M 5.87M 0.29M 0.47M 0.58M
Total other income expense net 0.31M 0.26M 0.46M 0.12M -0.03M
Net income from continuing ops -22.20M -17.42M -17.48M -16.45M -9.38M
Net income applicable to common shares - - - -16.45M -9.38M
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Total assets 42.48M 36.57M 36.24M 50.68M 63.14M
Intangible assets 8.74M 4.63M 0.26M 0.31M 0.75M
Other current assets 0.94M 4.01M 3.47M 0.61M 0.61M
Total liab 6.05M 6.30M 5.15M 4.94M 3.26M
Total stockholder equity 36.42M 30.27M 31.09M 45.74M 59.89M
Deferred long term liab - - - - 0.16M
Other current liab 1.55M 3.35M 1.37M 3.20M 1.34M
Common stock 1.13M 0.85M 0.75M 0.73M 0.73M
Capital stock 1.13M 0.85M 0.75M 0.73M 0.73M
Retained earnings -130.93M -108.77M -91.96M -75.56M -59.75M
Other liab - - - 0.30M 0.65M
Other assets - - - - 0.16M
Cash 14.33M 15.37M 27.37M 40.22M 55.38M
Total current liabilities 5.93M 5.68M 4.21M 3.94M 2.02M
Current deferred revenue 3.60M - 1.42M - 1.13M
Net debt -14.17M -14.71M -26.24M -39.22M -54.47M
Short term debt 0.14M 0.51M 0.48M 0.30M 0.32M
Short long term debt 0.06M 0.00M - - -
Short long term debt total 0.16M 0.66M 1.12M 1.00M 0.91M
Other stockholder equity 159.16M 133.56M 118.52M 120.56M 118.90M
Property plant equipment - - - 4.26M 3.15M
Total current assets 30.42M 26.01M 31.12M 46.11M 59.24M
Net tangible assets - - - 45.43M 59.30M
Short term investments 11.01M - - - -
Net receivables 4.15M 4.68M 0.11M 0.14M 2.26M
Long term debt 0.06M 0.00M - - -
Inventory 0.00M 1.95M 0.18M 0.04M 0.66M
Accounts payable 0.65M 1.83M 0.93M 0.45M 0.35M
Accumulated other comprehensive income 7.06M 4.63M 3.78M - -
Non currrent assets other - 0.62M 0.26M - -
Non current assets total 12.05M 10.56M 5.12M 4.57M 3.90M
Capital lease obligations 0.16M 0.66M 1.12M 1.00M 0.91M
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Investments -11.00M -7.70M -1.24M -2.57M -1.88M
Change to liabilities - - - 2.49M 0.46M
Total cashflows from investing activities -15.02M -7.70M -1.24M -2.57M -1.88M
Net borrowings - - - -0.38M -0.29M
Total cash from financing activities 25.38M 14.62M 1.53M 0.20M 34.76M
Change to operating activities - - - -0.35M 0.01M
Net income -22.21M -19.31M -17.48M -19.49M -10.44M
Change in cash -1.18M -11.99M -12.85M -15.15M 24.07M
Begin period cash flow 15.51M 27.37M 40.22M 55.38M 31.30M
End period cash flow 14.33M 15.37M 27.37M 40.22M 55.38M
Total cash from operating activities -11.85M -18.91M -13.14M -12.78M -8.81M
Issuance of capital stock 27.48M 16.02M 2.04M 0.04M 36.44M
Depreciation 4.25M 2.59M 1.66M 1.85M 0.89M
Other cashflows from investing activities -9.14M -4.13M 0.36M 0.15M 0.02M
Change to inventory -0.63M -1.77M -0.14M 0.62M -0.41M
Change to account receivables 3.48M -5.51M -0.11M -0.14M -0.49M
Other cashflows from financing activities -0.40M -0.88M -0.52M 0.16M -1.68M
Change to netincome - - - -0.80M 0.11M
Capital expenditures 0.72M 7.39M 1.67M 2.72M 1.90M
Change in working capital 1.17M -5.84M 0.23M 2.07M -0.43M
Stock based compensation 2.00M 1.46M 0.78M 1.68M 1.15M
Other non cash items 4.94M 2.19M 1.66M 1.11M 0.02M
Free cash flow -12.58M -26.31M -14.81M -15.50M -10.70M

Peer Comparison*

Sector: Industrials Industry: Electrical Equipment & Parts

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
AFGYF
AFC Energy plc
-0.00
3.80%
0.10 - - 440.88 3.72 273.63 -8.90
CYATY
Contemporary Amperex Technology Co., Limited
-0.39
3.19%
11.83 36.64 32.15 0.91 7.88 3.67 16.91
ABBNY
ABB Ltd
-0.68
0.80%
83.98 38.41 30.96 5.22 10.79 5.24 24.44
ABLZF
ABB Ltd
-
-%
84.15 33.82 23.15 4.71 10.45 4.77 22.47
BE
Bloom Energy Corp
-12.13
5.79%
197.34 332.50 53.48 24.54 46.97 24.35 216.72

Profile*

AFC Energy plc

H-Power plc engages in the development of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions in the United Kingdom. It operates through Sales of fuel cell generators and Rental segments. The company provides an H-Power Tower, an S series fuel cell generators; and L series fuel cell generators. It is also developing an H-power generator " S series fuel cell, a modular compact; H-power generator S+ series fuel cell diesel generator alternative; ammonia cracker, a technology to convert ammonia into hydrogen; and a methanol fuel tower, a technology solution for conversion of carrier fuel methanol into hydrogen. In addition, the company provides various support solutions, including the supply of hydrogen, ammonia or methanol; consultation on fuel consumption and logistics requirements; arranging the sourcing, supply, and delivery of the fuel of choice; consultation or supply of on-site fuel storage; consultation and design of the full power solution based on the application; arrangements to supply, deliver, and connect battery energy storage technology; technical integration of technologies, such as battery, fuel cell, fuel conversion, and fuel storage; monitoring and optimization for the full system; on-site installation, commissioning, and decommissioning; on call maintenance from field support team; and operating guidelines and on-site briefing services. It offers products for use in various applications, such as maritime, construction, data centers, outdoor events, EV charging, and rail sectors. The company was formerly known as AFC Energy plc and changed its name to H-Power plc in May 2026. The company was incorporated in 2006 and is based in Cranleigh, the United Kingdom.

Dunsfold Park, Cranleigh, United Kingdom, GU6 8TB

44 1483 276726

121

Name Title Year Born
Mr. Adam Steven Bond CEO & Exec. Director 1976
Mr. James Hay Gibson COO & Exec. Director 1967
Mr. Peter John Dixon-Clarke ACA CFO & Director 1966
Dr. David B. Harvey Chief Technology Officer NA
Mr. Iain Thomson Head of Communications & Stakeholder Management NA
Dr. Michael Rendall Chief Engineer & Product Officer NA
Mr. Mark Bailey Chief Commercial Officer NA
Mr. John Frederick Wilson B.Sc CEO & Executive Director 1976
Karl Robert Bostock CFO & Executive Director 1977
Dr. David B. Harvey Ph.D. Chief Technology Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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