Fusion Fuel Green Stock Gains After Q4 Investor Update

Fusion Fuel Green PLC HTOO reported financial results for Q4 ended December 31, 2021, and revealed meaningful progress against key commercial and operational objectives.
Cash and cash equivalents decreased by ~€7.2 million during Q4 to €35 million, due to investments of €5 million in raw materials, inventory, and pre-payments.
Operating income totaled €11.11 million in Q4, compared to a loss of €(6.97) million in Q3.
Despite capital market headwinds to end the year, the company believes it is well-positioned entering 2022 to be a significant and credible player in the hydrogenspace.
The company expects the development of the KEME project to commence in Q2 of 2022.
The company entered into an EPC agreement with Exolum to deliver a turnkey 0.42 MW Green Hydrogen Plant and a Hydrogen Refueling Station.
Looking ahead through 2026, Fusion Fuel has 36 projects in the pipeline representing 2.4 gigawatts of electrolysis capacity, or 110,000 metric tons of solar-to-green hydrogen production.
Price Action: HTOO shares are trading higher by 12.5% at $6.55 on the last check Thursday.