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AFC Energy ( (GB:AFC) ) has provided an announcement.
AFC Energy has granted 2,163,562 ordinary shares to chief executive John Wilson and 824,767 shares to chief financial officer Karl Bostock as part of their FY25 bonus awards, representing a combined 0.26% of the company’s enlarged share capital. Following these awards, Wilson holds 0.81% and Bostock 0.20% of AFC Energy’s issued shares, alongside significant option positions, aligning senior management more closely with shareholder outcomes.
The bonus shares have been approved by the company’s remuneration committee, and application has been made for their admission to trading on AIM on 26 March 2026, bringing total voting share capital to 1,136,475,282 ordinary shares with voting rights. The updated capital structure provides a new denominator for investors’ disclosure calculations under FCA rules and signals ongoing use of equity-based remuneration as AFC Energy pursues its commercialisation strategy in low-carbon hydrogen and hydrogen-to-power markets.
The most recent analyst rating on (GB:AFC) stock is a Hold with a £12.00 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 AFC Stock
According to Spark, TipRanks’ AI Analyst, AFC is a Neutral.
The score is held back primarily by very weak financial performance (collapsed revenue, large losses, and ongoing cash burn), partially offset by low leverage and improved burn. The earnings call adds moderate support due to clear milestones, partnerships, and a strengthened cash runway, while technicals are neutral-to-slightly supportive. Valuation remains constrained by loss-making status and no dividend support.
To see Spark’s full report on AFC stock, click here.
More about AFC Energy
AFC Energy is a UK-based provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions, listed on London’s AIM market. Its modular ammonia cracker and fuel cell generator products are designed for decentralised, off-grid and temporary power applications, targeting hard-to-abate industrial sectors, transportation, construction and infrastructure sites, and emerging uses in maritime, data centres and rail.
The company focuses on commercial rollout of its ammonia cracker systems, which can produce up to 4 tonnes of hydrogen per day at the point of use, and fuel cell generators with capacities of 30 kW and 200 kW. By offering scalable, reliable low carbon hydrogen and power at commercially viable prices without reliance on subsidies, AFC Energy aims to displace diesel generators and drive sustained revenue growth across a broad opportunity pipeline.
Average Trading Volume: 5,509,158
Technical Sentiment Signal: Sell
Current Market Cap: £123.5M
See more data about AFC stock on TipRanks’ Stock Analysis page.

