tiprankstipranks

AFC Energy Chairman’s Spouse Acquires Additional Shares

Story Highlights
AFC Energy Chairman’s Spouse Acquires Additional Shares

AFC Energy ( (GB:AFC) ) has shared an update.

AFC Energy, a prominent player in the hydrogen power generation sector, announced that Elaine Sullivan, the spouse of Non-Executive Chairman Gary Bullard, has purchased 94,343 ordinary shares of the company at £0.06 each. This transaction increases Mr. Bullard’s total interest to 4,000,000 shares, representing 0.47% of the company’s issued share capital, reflecting confidence in the company’s strategic direction and potential growth in the hydrogen energy market.

More about AFC Energy

AFC Energy plc is a leading provider of hydrogen energy solutions, offering clean electricity for both on and off-grid applications. The company’s fuel cell technology is utilized in electric vehicle chargers, off-grid power systems, and temporary power solutions, with emerging opportunities in maritime, data centers, and rail. Additionally, AFC Energy’s ammonia cracking technology supports distributed hydrogen production, focusing on industries like mining, cement, and heavy engineering that face decarbonization challenges.

YTD Price Performance: -42.56%

Average Trading Volume: 2,696,019

Technical Sentiment Signal: Buy

Current Market Cap: £52.18M

For an in-depth examination of AFC stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App