Streetbeat News

ADN

Advent Technologies Holdings, Inc.

https://www.advent.energy

Industry

Renewable Utilities

Advent Technologies Holdings, Inc., an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems. The company offers high-temperature proton exchange membrane (HT-PEM) fuel cells, HT-PEM based membrane electrode assemblies, membranes, and electrodes. It serves stationary and portable power, automotive, aviation, energy storage, and sensor markets. The company is headquartered in Boston, Massachusetts.

Open

3.12

Mkt cap

10M

Volume

348K

High

4.10

P/E Ratio

-0.15

52-wk high

18.90

Low

3.12

Div yield

N/A

52-wk low

1.71

Advent Technologies' stock is trading lower following the announcement of a $2 million registered direct offering of common stock, which typically dilutes existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 3:41 pm

Advent Technologies Holdings Inc (NASDAQ:ADN) shares dropped 33% to a new all-time low of $0.21 after announcing a registered direct offering of 10 million shares at $0.20 each, aiming to raise $2 million. The offering targets institutional and accredited investors and is expected to close by December 27, with Joseph Gunnar & Co., LLC as the exclusive placement agent. ADN's 52-week range is now $0.20 to $2.09.

Portfolio Pulse from Henry Khederian

December 22, 2023 | 3:28 pm

Advent Technologies, a company specializing in advanced materials and technology, has announced a registered direct offering of 10 million shares of common stock at a price of $0.20 per share, aiming to raise $2 million in capital.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:45 pm

Advent Technologies has signed a €1.8 million frame contract with Volta Energy to supply methanol-powered fuel cell units. Deliveries are scheduled to start in January 2024 and continue throughout the year to meet the customer's timeline.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:17 pm

In Thursday's pre-market session, several industrial stocks showed significant movement. Freight Technologies (FRGT) saw a substantial increase of 155.8%, while Nxu (NXU) and VCI Global (VCIG) also experienced notable gains. Sunworks (SUNW), Advent Technologies Hldgs (ADN), and Eos Energy Enterprises (EOSE) rose as well. Conversely, Virco Mfg (VIRC) dropped after Q3 earnings were released 4 days ago, and Professional Diversity (IPDN), Jet AI (JTAI), AerSale (ASLE), Electriq Power Holdings (ELIQ), and Northann (NCL) also saw declines.