H-Power (HPOW) Stock Overview
Engages in the development of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions in the United Kingdom. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
HPOW Community Fair Values
Create NarrativeSee what 27 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
H-Power plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£0.097 |
| 52 Week High | UK£0.18 |
| 52 Week Low | UK£0.082 |
| Beta | 2.41 |
| 1 Month Change | -11.13% |
| 3 Month Change | -24.50% |
| 1 Year Change | 7.03% |
| 3 Year Change | -38.74% |
| 5 Year Change | -81.66% |
| Change since IPO | -60.65% |
Recent News & Updates
Narrative Update • Jun 22
HPOW: First Green Hydrogen Sales Will Set Up Future Rebound Opportunity
Analysts have adjusted their H-Power price target to £0.23, keeping it in line with their fair value estimate while updating underlying assumptions on discount rate, revenue growth and future P/E expectations. What's in the News H-Power plc agreed to sell 5,000 kilograms of fuel cell grade green hydrogen to Protium, with supply coming from H-Power's pilot ammonia cracker plant at Dunsfold.Narrative Update • Jun 07
HPOW: Going Concern Risks Will Set Up Potential Rebound Opportunity
Analysts have kept their fair value estimate for H-Power steady at £0.23. A slightly higher discount rate, along with a lower projected profit margin and future P/E, suggests a more cautious stance behind the unchanged price target.Recent updates
Narrative Update • Jun 22
HPOW: First Green Hydrogen Sales Will Set Up Future Rebound Opportunity
Analysts have adjusted their H-Power price target to £0.23, keeping it in line with their fair value estimate while updating underlying assumptions on discount rate, revenue growth and future P/E expectations. What's in the News H-Power plc agreed to sell 5,000 kilograms of fuel cell grade green hydrogen to Protium, with supply coming from H-Power's pilot ammonia cracker plant at Dunsfold.Narrative Update • Jun 07
HPOW: Going Concern Risks Will Set Up Potential Rebound Opportunity
Analysts have kept their fair value estimate for H-Power steady at £0.23. A slightly higher discount rate, along with a lower projected profit margin and future P/E, suggests a more cautious stance behind the unchanged price target.Narrative Update • Apr 27
AFC: Hydrogen Export Permit And Ammonia Engine Partnership Will Support Future Upside
Analysts have left their £0.23 fair value estimate for AFC Energy unchanged, citing slightly adjusted assumptions around the discount rate, profit margin and future P/E that together support maintaining the existing price target level. What's in the News AFC Energy PLC plans to change its name to H-Power plc, signaling a rebranding of the business (Key Developments).Narrative Update • Apr 12
AFC: Permit Progress On Hydrogen Exports Will Drive Future Upside
Analysts have maintained their £0.23 price target on AFC Energy, with only slight tweaks to inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation rather than a change in overall view.Narrative Update • Mar 28
AFC: Permit Progress Will Support Future Hydrogen Revenue Upside
Analysts have modestly adjusted their fair value target for AFC Energy to £0.23. This reflects small tweaks to discount rate, profit margin and future P/E assumptions rather than a major shift in the investment case.Narrative Update • Mar 13
AFC: Permit And Ammonia Engine Progress Will Drive Hydrogen Upside
Analysts have kept their £0.23 price target for AFC Energy unchanged, citing only very small tweaks in the discount rate, margin assumptions and future P/E expectations as the main drivers behind the refreshed model. What's in the News UK Environment Agency revises AFC Energy's Research and Development permit, allowing export and sale of low carbon hydrogen from the Dunsfold pilot ammonia cracking plant and enabling hydrogen sales to off takers sooner than previously permitted (Regulatory Authority – Compliance).Narrative Update • Feb 27
AFC: Permit Wins And Ammonia Engine Partnership Will Support Future Upside
Analysts have nudged their fair value estimate for AFC Energy to £0.23 per share, with the updated price target reflecting revised assumptions on the discount rate, revenue growth and future P/E expectations. What's in the News The UK Environment Agency agreed to revise AFC Energy's research and development permit, allowing export and sale of low carbon hydrogen from its pilot ammonia cracking plant to hydrogen off takers, which the company states brings forward potential revenue from this activity by several months (Regulatory Authority: Compliance).Narrative Update • Feb 13
AFC: New Industrial Partnerships And Fuel Cell Platform Will Support Upside Potential
The analyst fair value estimate for AFC Energy has shifted slightly from £0.23 to about £0.23 per share, with analysts pointing to updated assumptions on the discount rate, revenue growth, profit margin and future P/E as key drivers of this modest adjustment. What's in the News AFC Energy signed a Joint Development Agreement with Komatsu to integrate its ammonia cracking technology into a Komatsu industrial internal combustion diesel engine, targeting an ammonia fuelled engine platform for construction and mining equipment fleets (Key Developments).Narrative Update • Jan 29
AFC: Future Efficiency Gains From New Fuel Cell Platform Will Drive Upside
Analysts have reduced their fair value estimate for AFC Energy from £0.27 to £0.23, citing updated assumptions on revenue growth, profit margins, discount rate, and a higher future P/E multiple. What's in the News AFC Energy completed the first build of its new LC30 30kW liquid cooled fuel cell generator, which is now undergoing operational testing and producing power in line with its design specification (Key Developments).Narrative Update • Sep 10
I Foresee Hy-5 And Fuel Service Transforming Off-Grid Markets
AFC Energy's consensus price target has increased to £0.265, reflecting improved valuation driven by sharply higher forecast revenue growth and a significant reduction in future P/E multiples. What's in the News AFC Energy completed a follow-on equity offering, raising £4.47 million through the issue of 44,729,253 ordinary shares at £0.1 each.
New Narrative • Apr 07
I Foresee Hy-5 And Fuel Service Transforming Off-Grid Markets
AFC Energy's market-led growth strategy with competitive pricing aims to expand market share and increase future revenue and margins.Analysis Article • May 25
Estimating The Intrinsic Value Of AFC Energy plc (LON:AFC)
Key Insights Using the Dividend Discount Model, AFC Energy fair value estimate is UK£0.21 With UK£0.23 share price, AFC...Analysis Article • Nov 04
We're Keeping An Eye On AFC Energy's (LON:AFC) Cash Burn Rate
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Analysis Article • Sep 08
Is AFC Energy plc (LON:AFC) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights The projected fair value for AFC Energy is UK£0.13 based on Dividend Discount Model AFC Energy's UK£0.17...Analysis Article • May 13
We Think AFC Energy (LON:AFC) Can Afford To Drive Business Growth
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...Analysis Article • Jan 19
We Think AFC Energy (LON:AFC) Can Afford To Drive Business Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Analysis Article • Oct 05
We Think AFC Energy (LON:AFC) Can Afford To Drive Business Growth
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...Analysis Article • Jun 14
AFC Energy (LON:AFC) Is In A Good Position To Deliver On Growth Plans
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Analysis Article • Nov 11
We Think AFC Energy (LON:AFC) Can Afford To Drive Business Growth
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, AFC Energy ( LON:AFC...Analysis Article • Jun 28
AFC Energy (LON:AFC) Is In A Good Position To Deliver On Growth Plans
There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, AFC Energy ( LON:AFC...Analysis Article • Mar 02
We're Not Worried About AFC Energy's (LON:AFC) Cash Burn
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Shareholder Returns
| HPOW | GB Electrical | GB Market | |
|---|---|---|---|
| 7D | -8.8% | -5.4% | -1.5% |
| 1Y | 7.0% | 27.2% | 15.5% |
Return vs Industry: HPOW underperformed the UK Electrical industry which returned 27.2% over the past year.
Return vs Market: HPOW underperformed the UK Market which returned 15.5% over the past year.
Price Volatility
| HPOW volatility | |
|---|---|
| HPOW Average Weekly Movement | 5.9% |
| Electrical Industry Average Movement | 6.0% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in GB Market | 10.3% |
| 10% least volatile stocks in GB Market | 2.6% |
Stable Share Price: HPOW has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: HPOW's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 121 | John Wilson | www.h-power.co.uk |
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.
H-Power plc Fundamentals Summary
| HPOW fundamental statistics | |
|---|---|
| Market cap | UK£110.73m |
| Earnings (TTM) | -UK£17.87m |
| Revenue (TTM) | UK£361.00k |
306.7x
P/S Ratio-6.2x
P/E RatioIs HPOW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HPOW income statement (TTM) | |
|---|---|
| Revenue | UK£361.00k |
| Cost of Revenue | UK£194.00k |
| Gross Profit | UK£167.00k |
| Other Expenses | UK£18.03m |
| Earnings | -UK£17.87m |
Last Reported Earnings
Apr 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.016 |
| Gross Margin | 46.26% |
| Net Profit Margin | -4,949.31% |
| Debt/Equity Ratio | 0.3% |
How did HPOW perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/15 03:02 |
| End of Day Share Price | 2026/09/15 00:00 |
| Earnings | 2026/04/30 |
| Annual Earnings | 2025/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
H-Power plc is covered by 8 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tom McColm | Allenby Capital Limited |
| Paul Singer | Edison Investment Research |
| Charles Hall | Peel Hunt LLP |