Royal Bank of Canada Initiates Coverage on Fusion Fuel Green (NASDAQ:HTOO)

Royal Bank of Canada initiated coverage on shares of Fusion Fuel Green (NASDAQ:HTOOGet Rating) in a report issued on Thursday morning, The Fly reports. The firm issued a sector perform rating on the stock.

Fusion Fuel Green Trading Down 6.2 %

HTOO opened at $5.72 on Thursday. Fusion Fuel Green has a fifty-two week low of $4.48 and a fifty-two week high of $13.98. The firm’s fifty day moving average price is $7.29 and its two-hundred day moving average price is $7.77.

Institutional Investors Weigh In On Fusion Fuel Green

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in shares of Fusion Fuel Green in the 1st quarter valued at $48,000. Millburn Ridgefield Corp boosted its stake in shares of Fusion Fuel Green by 302.9% in the 1st quarter. Millburn Ridgefield Corp now owns 7,127 shares of the company’s stock valued at $62,000 after purchasing an additional 5,358 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Fusion Fuel Green by 302.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 7,127 shares of the company’s stock valued at $62,000 after purchasing an additional 5,358 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Fusion Fuel Green by 12.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 19,840 shares of the company’s stock valued at $129,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Belvedere Trading LLC boosted its stake in shares of Fusion Fuel Green by 35.2% in the 2nd quarter. Belvedere Trading LLC now owns 18,797 shares of the company’s stock valued at $131,000 after purchasing an additional 4,899 shares in the last quarter. Institutional investors and hedge funds own 35.03% of the company’s stock.

About Fusion Fuel Green

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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.

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