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AFC Energy ( (GB:AFC) ) has provided an announcement.
AFC Energy has announced a significant cost reduction of approximately 85% in the build cost of its 30kW hydrogen fuel cell generators, achieved through low-cost stack technology and value engineering. This reduction is part of their strategy to drive market adoption of hydrogen power without relying on government subsidies. The company has also signed a supply agreement for fuel cell systems and is progressing towards a global strategic manufacturing partnership with Volex Plc to further reduce costs through economies of scale, supporting AFC Energy’s volume growth plans.
The most recent analyst rating on (GB:AFC) stock is a Buy with a £40.00 price target. To see the full list of analyst forecasts on AFC Energy stock, see the GB:AFC Stock Forecast page.
Spark’s Take on GB:AFC Stock
According to Spark, TipRanks’ AI Analyst, GB:AFC is a Neutral.
AFC Energy’s overall stock score is driven by strong technical indicators and positive corporate events that suggest confidence in strategic initiatives. However, significant challenges in financial performance and valuation due to ongoing losses and high cash burn rate weigh heavily on the score.
To see Spark’s full report on GB:AFC stock, click here.
More about AFC Energy
AFC Energy plc is a leading provider of hydrogen energy solutions, offering clean electricity for both on and off grid power applications. The company’s fuel cell technology is utilized in electric vehicle chargers, off-grid power systems for construction, and temporary power, with expanding opportunities in maritime, data centers, and rail. Additionally, AFC Energy’s proprietary ammonia cracking technology supports distributed hydrogen production, focusing on industries like mining, cement, and heavy engineering that face decarbonization challenges.
Average Trading Volume: 4,180,836
Technical Sentiment Signal: Buy
Current Market Cap: £107.1M
See more data about AFC stock on TipRanks’ Stock Analysis page.