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Home CompaniesHydrogenPro AS

HydrogenPro AS

Industrials Specialty Industrial Machinery
PortfolioPortfolio WatchlistWatchlist
Company price
0.37 USD 0.00(0%)
Last update at 2026-11-11T21:00:00Z
VOLUME
4000
Market Cap
108.92M

Momentum Score

…

HydrogenPro ASA designs and supplies customized hydrogen plants. It provides high-pressure alkaline electrolysers. The company was incorporated in 2013 and is headquartered in Porsgrunn, Norway.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.37
Low
0.99
High
52 Week Price Range
1.20
Low
3.73
High

Momentum Score

…
Loading momentum score…

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
AI Summary

HydrogenPro AS develops and supplies large-scale electrolysis systems and engineering services for industrial hydrogen production, focusing on alkaline electrolysers for green hydrogen projects. Long-term growth may be driven by rising demand for decarbonisation, industrial offtake and supportive energy and climate policies enabling scaling of electrolyser capacity. The company appears positioned to benefit from a growing project pipeline and recurring service revenue as hydrogen infrastructure expands.
Key risks include execution and financing needs for capital-intensive projects, competition from alternative electrolyser technologies and reliance on policy incentives and large contracts.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.37
Dividend Yield
-
Revenue TTM
466.21M
Revenue Per Share
8.03
Gross Profit TTM
12.04M
Debt / Equity
0.04
ROE
-12.28%
Net Debt
-240.57M
ROCE
-24.87%
Diluted EPS TTM
-0.09

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -89.90M -57.41M -8.23M -16.62M -10.86M
Minority interest 4.93M - - - -
Net income -84.89M -56.43M -15.96M -12.87M -6.88M
Selling general administrative 36.53M 19.72M - - -
Selling and marketing expenses 1.09M 0.30M - - -
Gross profit 12.04M 8.40M 20.23M 9.70M 4.08M
Reconciled depreciation 13.99M 5.21M 0.36M 0.05M 0.01M
Ebit -111.71M -57.36M -7.74M -14.76M -8.35M
Ebitda -97.72M -52.14M -7.39M -14.71M -8.34M
Depreciation and amortization 13.99M 5.21M 0.36M 0.05M 0.01M
Operating income -119.24M -60.46M -5.95M -14.61M -7.60M
Other operating expenses 175.66M 80.50M 32.51M 39.76M 18.08M
Interest expense 0.68M 0.05M 0.49M 1.86M 2.50M
Tax provision -0.08M -0.97M 7.73M -3.75M -3.98M
Interest income 3.43M 2.06M 0.45M 0.01M 0.02M
Net interest income 2.58M 1.29M -0.28M -2.01M -3.26M
Income tax expense -0.08M -0.97M 7.73M -3.75M -3.98M
Total revenue 56.41M 20.04M 26.56M 25.16M 10.49M
Total operating expenses 131.28M 68.87M 26.19M 24.31M 11.68M
Cost of revenue 44.37M 11.63M 6.32M 15.45M 6.40M
Total other income expense net 29.34M 3.05M -2.28M -2.01M -3.26M
Net income from continuing ops -89.82M -56.43M -15.96M -12.87M -6.88M
Net income applicable to common shares -90.74M -56.43M -15.97M -12.87M -6.88M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 573.16M 528.09M 569.96M 27.07M 14.78M
Intangible assets 42.48M 48.97M 55.31M 13.62M 3.98M
Other current assets -0.00M 1.54M 0.35M 0.33M 0.42M
Total liab 135.35M 16.83M 54.28M 42.60M 28.75M
Total stockholder equity 432.86M 511.25M 515.68M -15.54M -13.97M
Deferred long term liab - - 46.85M - -
Other current liab 98.31M 10.57M 36.79M 16.15M 2.91M
Common stock 1.16M 0.06M 0.06M 0.03M 0.03M
Capital stock 1.16M 0.06M 0.06M 0.03M 0.03M
Retained earnings -176.92M -92.08M -35.65M -26.87M -14.00M
Other liab 1.01M - 10.31M 0.35M 0.33M
Good will 21.93M - - - -
Other assets 56.65M 50.21M 0.01M 7.73M 3.98M
Cash 257.02M 382.25M 505.74M 9.99M 8.73M
Total current liabilities 124.01M 15.47M 43.97M 19.34M 4.72M
Current deferred revenue 86.98M 5.07M - - -
Net debt -240.57M -379.28M -505.74M 12.92M 14.97M
Short term debt 5.12M 1.61M - - -
Short long term debt total 16.46M 2.98M - 22.91M 23.70M
Other stockholder equity 608.61M 603.28M 551.27M 11.30M -
Property plant equipment 80.08M 25.61M 3.09M 0.07M 0.25M
Total current assets 378.71M 403.20M 511.83M 13.32M 10.55M
Net tangible assets 366.23M 462.29M 470.68M -21.43M -13.97M
Net receivables 85.93M 13.04M 3.18M 3.33M 1.82M
Long term debt - - 0.00M 22.91M 23.70M
Inventory 35.76M 0.31M - - -
Accounts payable 20.58M 3.29M 7.18M 3.19M 1.81M
Non currrent assets other 56.88M 50.31M 0.06M 0.06M 0.01M
Non current assets total 194.45M 124.89M 58.12M 13.74M 4.23M
Capital lease obligations 16.46M 2.98M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -51.87M -78.05M -51.75M -0.10M 0.06M
Change to liabilities 17.22M -3.89M 3.99M 1.39M 1.82M
Total cashflows from investing activities -51.87M -78.05M -9.28M -0.10M 0.06M
Net borrowings -0.64M -0.64M -23.26M -0.77M 17.08M
Total cash from financing activities -4.00M 1.81M 519.40M 9.07M 17.08M
Change to operating activities 65.73M -0.55M -5.40M -5.40M -5.40M
Net income -89.90M -57.41M -8.24M -16.62M -10.86M
Change in cash -125.23M -123.86M 496.12M 1.26M 8.52M
Begin period cash flow 382.25M 506.11M 9.99M 8.73M 0.21M
End period cash flow 257.02M 382.26M 506.11M 9.99M 8.73M
Total cash from operating activities -69.36M -47.62M 28.47M -7.71M -8.63M
Issuance of capital stock 0.00M 1.81M 532.35M 9.84M -
Depreciation 13.99M 5.21M 0.36M 0.05M 0.01M
Other cashflows from investing activities -4.72M -49.18M -49.18M -0.05M -0.05M
Change to inventory -35.45M -41.45M -41.45M -41.45M 0.00M
Change to account receivables -25.37M -9.86M -2.04M -1.14M -0.01M
Other cashflows from financing activities -51.87M -78.05M -12.96M -0.77M 0.06M
Change to netincome -13.30M 17.90M 15.37M 4.87M -3.58M
Capital expenditures 14.70M 28.87M 51.75M 0.05M 0.05M
Change in working capital 20.63M -14.30M 28.72M 7.21M 2.22M
Stock based compensation 8.59M 18.53M 7.64M 1.46M -
Other non cash items -22.67M 0.34M - 0.19M -
Free cash flow -84.06M -76.49M -23.28M -7.76M -8.63M

Peer Comparison*

Sector: Industrials Industry: Specialty Industrial Machinery

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)
HYPRF
HydrogenPro AS		 -
-%		 0.37 - 192.31 0.23 1.51 0.21 -3.55
GEV
GE Vernova LLC		 8.58
1.06%		 816.82 56.16 67.57 7.02 23.82 6.79 115.11
SMAWF
Siemens AG Class N		 -0.34
0.11%		 304.16 25.72 20.16 2.87 2.96 2.85 13.79
SBGSF
Schneider Electric SE		 -4.15
1.53%		 267.80 32.06 22.47 4.40 6.27 4.00 19.13
ETN
Eaton Corporation PLC		 -6.45
1.79%		 354.17 39.21 30.77 5.80 8.18 6.15 27.30

Profile*

HydrogenPro AS

HydrogenPro ASA designs and supplies customized hydrogen plants. It provides high-pressure alkaline electrolysers. The company was incorporated in 2013 and is headquartered in Porsgrunn, Norway.

Hydrovegen 6, Porsgrunn, Norway, 3933

47 99 07 95 00

https://www.hydrogen-pro.com

143

Name Title Year Born
Mr. Tarjei Johansen Chief Exec. Officer 1971
Mr. Richard Espeseth Founder, Bus. Developer & Technology Leader NA
Mr. Martin Thanem Holtet Chief Financial Officer NA
Mr. Mårten Lunde Exec. Officer 1957
Mr. Erik Chr. Bolstad Chief Commercial Officer NA
Karoline Aafos C.P.O 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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