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Hudson Technologies Inc

Hudson Technologies Inc

HDSN
$6.17USD↓-2.22%-0.14 today

MARKET CAP

259.6M

P/E (TTM)

19.9x

FWD P/E

11.7x

DAY RANGE

$6 – $6

52W RANGE

$5
$11

AI Summary

Stalk
TrimMedium

HDSN remains in a Stage 4 decline with a bearish medium-term bias. The recent capitulation pattern indicates forced selling is ending but does not confirm stabilization. Price is extended below key EMAs with extreme oversold conditions, making immediate sell-side engagement unadvisable. Execution should await a pullback into the 9/21 EMA zone and prior consolidation levels for clearer sell entries.

  • ↑Q3 2025 revenue surged 20% YoY to $74M on volume and price gains.
  • ↑Balance sheet: $90M cash, no debt, $20M in 2025 share buybacks.
  • ↓Gross margin fell to 20% in Q1 2026 due to refrigerant mix shifts.
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The case for & against

Bull & Bear analysis

Bullish

Hudson Technologies, Inc. (NASDAQ:HDSN) is a leading provider of innovative refrigerant solutions and reclamation services. The company specializes in the management of refrigerants, focusing on environmental solutions that align with regulatory changes and market demand for lower global warming potential (GWP) refrigerants. Positioned favorably to leverage regulatory tailwinds, Hudson is significantly involved in reclamation, opening long-term growth avenues as environmental laws evolve towards sustainability.

Bull says

  • ↑Q3 2025 revenue surged 20% YoY to $74M on volume and price gains.
  • ↑Balance sheet: $90M cash, no debt, $20M in 2025 share buybacks.
  • ↑Reclamation services poised for growth under AIM Act low-GWP refrigerant phase-down.
  • ↑High earnings yield and 1.19 book-to-price indicate attractive valuation.
  • ↑Regulatory tailwinds under EPA rules drive long-term refrigerant demand.
  • ↑QS score signals balanced factor exposure and resilience amid market shifts.

Bear says

  • ↓Gross margin fell to 20% in Q1 2026 due to refrigerant mix shifts.
  • ↓Weak profitability factors persist amid rising operational costs and margin squeeze.
  • ↓Refrigerant price swings create momentum risk and revenue unpredictability.
  • ↓Tariffs and supply-chain issues elevate production costs and operational volatility.
  • ↓Smaller scale limits competitive positioning against larger peers.
  • ↓Leverage risk increases if inventory management misaligns with market demand.

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 06-29-2026neutral

Transcript signals

Bull points

  • we are encouraged by the modest sales volume growth we experienced in the quarter
  • We believe the current phase down of HFC refrigerants provides a substantial long-term opportunity for the continued growth of our reclamation business as the supply of virgin HFCs begins to decline to meet the needs of the large installed base of HFC equipment.
  • We are pleased to have started 2025 with slightly improved sales volume in the first quarter, which is a promising start to this year's nine-month selling season.

Bear points

  • we did see a revenue decline as expected in the quarter to 55.3 million with gross margin of 22%, reflecting continued lower overall refrigerant market pricing as compared to the first quarter of last year, which offset our sales volume gains.
  • First quarter 2025, refrigerant pricing declined slightly as compared to the fourth quarter of 2024. And this year's first quarter pricing was approximately 40% lower than the first quarter of 2024.
  • At the close of the first quarter, pricing for certain HFCs was still under $6 per pound.
Read full transcript analysis ›