Fusion Fuel Green ( HTOO Quick Quote HTOO - Free Report) announced that it has received an order for its 300 kW PEM electrolyzer and associated balance of plant equipment. The signing of the contract with a global leader in innovative and sustainable building solutions, reflects a major step forward in the commercialization of its HEVO-Chain system. This will also be the first deployment of Fusion Fuel's oxygen capture system, which will allow the facility to capture both the hydrogen and oxygen generated during water electrolysis. For every kilogram of hydrogen produced by electrolysis, eight kilograms of oxygen are produced. This oxygen is typically released into the ambient environment. The client now has the ability to further lower its environmental impact by harvesting this oxygen for various applications with the help of Fusion Fuel's oxygen capture system. Fusion Fuel will create this system using its plug-and-play HEVO-Chain technology. This employs a building-block approach using modular 20 kW Cubes to deliver green hydrogen solutions, which are adapted to unique customer needs. The company will develop the project in Spain. It expects the project to be fully installed and operational in the first half of 2024. HTOO is committed to hastening the energy revolution by developing disruptive, clean hydrogen solutions. The patented miniaturized Proton Exchange Membrane electrolyzer, the HEVO, and the company’s building-block approach to green hydrogen production enable unparalleled modularity and flexibility in the design and implementation of cost-competitive, decentralized green hydrogen systems. In addition to supplying third-party clients with hydrogen-producing devices, Fusion Fuel continues to secure future green hydrogen projects for its own project portfolio, which will be later developed for sale to infrastructure partners. Price Performance
HTOO shares have lost 83.4% in the past year against the
industry’s 22.1% growth. Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider
Fusion Fuel currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the Industrial Products sector are Caterpillar Inc. ( CAT Quick Quote CAT - Free Report) , Astec Industries, Inc. ( ASTE Quick Quote ASTE - Free Report) and Eaton Corporation plc. ( ETN Quick Quote ETN - Free Report) . CAT and ASTE sport a Zacks Rank #1 (Strong Buy), and ETN has a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Caterpillar has an average trailing four-quarter earnings surprise of 18.5%. The Zacks Consensus Estimate for CAT’s 2023 earnings is pegged at $19.81 per share. The consensus estimate for 2023 earnings has moved 11.4% north in the past 60 days. Its shares have gained 51.6% in the last year. Astec has an average trailing four-quarter earnings surprise of 20%. The Zacks Consensus Estimate for ASTE’s 2023 earnings is pegged at $2.81 per share. The consensus estimate for 2023 earnings has moved 4% north in the past 60 days. ASTE’s shares have gained 22.8% in the last year. The Zacks Consensus Estimate for Eaton’s 2023 earnings per share is pegged at $8.80. The consensus estimate for 2023 earnings has moved 4% north in the past 60 days. It has a trailing four-quarter average earnings surprise of 3%. Shares of ETN have rallied 68.8% in the last year.