AFC Energy Chairman Increases Stake, Signaling Confidence in Hydrogen Strategy

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AFC Energy Chairman Increases Stake, Signaling Confidence in Hydrogen Strategy

An announcement from AFC Energy ( (GB:AFC) ) is now available.

AFC Energy, a prominent player in hydrogen power generation technologies, announced that its Non-Executive Chairman, Gary Bullard, has acquired 1,000,000 ordinary shares in the company, increasing his total shareholding to 3,555,657 shares, which represents 0.42% of the company’s issued share capital. This transaction underscores the confidence in AFC Energy’s strategic direction and potential growth, as the company continues to expand its influence in the hydrogen energy market, particularly in sectors seeking decarbonization solutions.

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, temporary power, and emerging sectors like maritime, data centers, and rail. Additionally, AFC Energy’s proprietary ammonia cracking technology supports distributed hydrogen production, focusing on industries such as mining, cement, and heavy engineering that are facing decarbonization challenges.

YTD Price Performance: -36.91%

Average Trading Volume: 2,359,635

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £57.31M

Find detailed analytics on AFC stock on TipRanks’ Stock Analysis page.

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