HTOO Buys 70% Stake in QIND, Expands Into Gas and Engineering Services

Zacks11-28 00:15

Fusion Fuel Green HTOO has completed the previously announced acquisition of a 70% stake in Quality Industrial Corp. (“QIND”) through a share exchange. This aligns with Fusion Fuel's strategy to build...

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(“QIND”) through a share exchange. This aligns with Fusion Fuel's strategy to build...</p>\n\n<a href=\"https://finance.yahoo.com/news/htoo-buys-70-stake-qind-161500385.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4149","symbol_name":"建筑机械与重型卡车","start_time":0,"source_url":"https://finance.yahoo.com/news/htoo-buys-70-stake-qind-161500385.html","article_id":"2486803315","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/O1_Wqw_hfun2h4yRJUQ8rg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f6190a6b007a6513d2849ffab6a567e7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486803315","pubTimestamp":1732724100,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Fusion Fuel Green HTOO has completed the previously announced acquisition of a 70% stake in Quality Industrial Corp.  through a share exchange. This aligns with Fusion Fuel's strategy to build a full-service energy engineering business by integrating capabilities in both the traditional and clean energy sectors to meet the demands of the global power and utilities market.Per the deal, HTOO will issue a combination of 19.99% of its ordinary shares, along with convertible preferred shares.Headquartered in Dubai, UAE, QIND is an industrial company specializing in the energy sector. Its operating business, Al Shola Gas, caters to nearly 40,000 customers across the Middle East from its seven operating facilities. Al Shola Gas reported revenues of $11 million and net income of $1.8 million in 2023.The combination of Fusion Fuel and QIND will not only help HTOO meet current market demand but also position it for long-term growth opportunities in the clean hydrogen sector.The acquisition is an","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4149":"建筑机械与重型卡车","BK4161":"工业机械","HTOO":"Fusion Fuel Green PLC","QIND":"Quality Industrial Corp.","IE00BLDYK493.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) INC","HTOOW":"Fusion Fuel Green PLC Warrant","RRX":"Regal Rexnord","RBC":"RBC轴承","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","BK4077":"互动媒体与服务","GHC":"格雷厄姆控股","GHM":"Graham Corp","BK4096":"电气部件与设备","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","FSS":"联邦信号"},"translate_title":"HTOO收购Qind 70%股权，进军天然气和工程服务领域","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBC":1,"GHM":1,"HTOO":1,"QIND":1,"RRX":0.9,"FSS":0.9,"GHC":0.9,"HTOOW":0.9,"US12M.BOND":0.66,"US10Y.BOND":0.66,"US2Y.BOND":0.66,"US30Y.BOND":0.66,"US3Y.BOND":0.66,"US5Y.BOND":0.66,"US6M.BOND":0.66,"US7Y.BOND":0.66},"content_text":"Fusion Fuel Green HTOO has completed the previously announced acquisition of a 70% stake in Quality Industrial Corp. (“QIND”) through a share exchange. This aligns with Fusion Fuel's strategy to build a full-service energy engineering business by integrating capabilities in both the traditional and clean energy sectors to meet the demands of the global power and utilities market.\nPer the deal, HTOO will issue a combination of 19.99% of its ordinary shares, along with convertible preferred shares.\nStrategic Benefits of the HTOO- QIND Deal\nHeadquartered in Dubai, UAE, QIND is an industrial company specializing in the energy sector. Its operating business, Al Shola Gas, caters to nearly 40,000 customers across the Middle East from its seven operating facilities. Al Shola Gas reported revenues of $11 million and net income of $1.8 million in 2023. \nThe combination of Fusion Fuel and QIND will not only help HTOO meet current market demand but also position it for long-term growth opportunities in the clean hydrogen sector. \nThe acquisition is anticipated to deliver significant synergies, particularly between Fusion Fuel's specialized hydrogen engineering services and QIND's competencies across the gas and utility value chain. \nThis acquisition will enable QIND to expand its offerings in the European markets, where demand for gas engineering expertise is consistently rising. It will also allow Fusion Fuel to extend its hydrogen engineering services in the Middle East, which is experiencing growing demand and investment in clean energy.\nEarlier this month, Fusion Fuel’s Portuguese operating subsidiary filed for insolvency. Management is recalibrating its business strategy to better align with current market conditions. In this scenario, the company stated that it will focus on enhancing its hydrogen engineering and advisory offerings, where it is uniquely positioned to deliver high-value solutions with low capital expenditure and a highly scalable business model.\nHTOO’s Price Performance\nHTOO’s shares have lost 74.3% in the past year against the industry’s 24.2% growth.\nImage Source: Zacks Investment Research\nHTOO’s Zacks Rank and Stocks to Consider\nFusion Fuel currently carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks from the Industrial Products sector are Graham Corporation GHM, Federal Signal Corporation FSS and RBC Bearings Incorporated RBC. GHM sports Zacks Rank #1 (Strong Buy) while FSS and RBC have a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.\nGraham Corporation has an average trailing four-quarter earnings surprise of 101.85%. The Zacks Consensus Estimate for GHM’s 2024 earnings is pinned at $1.03 per share, which indicates year-over-year growth of 145.2%. The company’s shares have gained 135.8% in a year.\nFederal Signal has an average trailing four-quarter earnings surprise of 11.8%. The Zacks Consensus Estimate for FSS’ 2024 earnings is pinned at $3.34 per share, which indicates year-over-year growth of 29.5%. The company’s shares have gained 40% in a year.\nThe Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.80 per share. The company has a trailing four-quarter average earnings surprise of 2.5%. RBC’s shares have gained 37.5% in a year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nFederal Signal Corporation (FSS) : Free Stock Analysis Report\nGraham Corporation (GHM) : Free Stock Analysis Report\nFusion Fuel Green PLC (HTOO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486803315"}