5 Worst Performing Utility Stocks in 2023

3. Fusion Fuel Green PLC (NASDAQ:HTOO)

Year to Date Share Price Losses: 53.93%

Fusion Fuel Green PLC (NASDAQ:HTOO) is an Ireland-based company that supplies hydrogen to companies in different countries. Its latest contract is with a Spanish customer to supply more than a hundred tons of hydrogen to an industrial group each year.

Insider Monkey’s Q1 2023 survey of 943 hedge funds revealed that three had invested in Fusion Fuel Green PLC (NASDAQ:HTOO). Michael Kaufman’s MAK Capital One is the firm’s largest shareholder since it owns a $4.9 million stake in the firm.

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