The Latest Breaking News from Advent Technologies Holdings Inc

Advent Technologies Holdings, Inc. (NASDAQ: ADN) shares are trading higher after the company announced it received notification of euro 782.1 million of funding from the Greek State for the IPCEI Green HiPo project.

Renewable energy company Advent Technologies (ADN) recently signed an agreement with automotive giant Hyundai Motor (HYMTF) which should prove beneficial. However, the stock has plummeted 65% this year. Also, considering its weak bottom line, will the stock be able to gain forward momentum soon? Read on to find out.

Advent Technologies Holdings Inc. - Class A Common Stock's (NASDAQ:ADN) short percent of float has fallen 13.5% since its last report. The company recently reported that it has 4.24 million shares sold short, which is 16.15% of all regular shares that are available for trading.

Advent Technologies Holdings Inc (NASDAQ:ADN) reported fourth-quarter revenue of $2.90 million, increasing 714% year-over-year. The revenue increase reflects customer demand for Advent's products across the board and through the acquisitions of UltraCell, SerEnergy, SerEnergy Philippines, Inc., and fischer eco-solutions. The gross margin for the quarter was 5% versus 61% in 4Q20. The…