Fusion Fuel Green (NASDAQ:HTOO) Price Target Cut to $12.00

Fusion Fuel Green (NASDAQ:HTOO – Get Rating) had its price objective lowered by HC Wainwright from $15.00 to $12.00 in a report released on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Fusion Fuel Green’s Q1 2023 earnings at ($0.46) EPS, Q2 2023 earnings at ($0.31) EPS, Q3 2023 earnings at ($0.12) EPS, Q4 2023 earnings at ($0.18) EPS, FY2023 earnings at ($1.07) EPS, FY2024 earnings at $0.09 EPS, FY2025 earnings at $0.65 EPS, FY2026 earnings at $1.00 EPS and FY2027 earnings at $1.34 EPS.

Fusion Fuel Green Price Performance

HTOO stock opened at $3.64 on Wednesday. Fusion Fuel Green has a twelve month low of $2.70 and a twelve month high of $10.83. The business has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $4.89.

Fusion Fuel Green (NASDAQ:HTOO – Get Rating) last posted its quarterly earnings data on Tuesday, December 13th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.28. On average, equities analysts anticipate that Fusion Fuel Green will post -1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fusion Fuel Green

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Fusion Fuel Green during the first quarter worth $48,000. Virtu Financial LLC acquired a new stake in shares of Fusion Fuel Green during the fourth quarter worth $49,000. Renaissance Technologies LLC lifted its holdings in shares of Fusion Fuel Green by 36.3% during the fourth quarter. Renaissance Technologies LLC now owns 28,900 shares of the company’s stock worth $128,000 after purchasing an additional 7,700 shares during the period. Wolverine Asset Management LLC raised its position in Fusion Fuel Green by 12.8% in the second quarter. Wolverine Asset Management LLC now owns 19,840 shares of the company’s stock worth $129,000 after acquiring an additional 2,251 shares in the last quarter. Finally, UBS Group AG raised its position in Fusion Fuel Green by 6,092.0% in the third quarter. UBS Group AG now owns 88,607 shares of the company’s stock worth $443,000 after acquiring an additional 87,176 shares in the last quarter. 35.54% of the stock is owned by institutional investors and hedge funds.

Fusion Fuel Green Company Profile

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Fusion Fuel Green PLC focuses on the production of hydrogen in Portugal, Southern Europe, and Morocco. The company intends to provide hydrogen generators to clients that operate their own green hydrogen plants; green hydrogen as an output from green hydrogen plants; and operational and monitoring services of green hydrogen plants using fusion fuel hydrogen generators.