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AFC Energy ( (GB:AFC) ) has issued an update.
AFC Energy has entered a Joint Development Agreement with a confidential global industrial S&P 500 company to develop ammonia crackers for hydrogen production using its proprietary technology. This collaboration is expected to generate significant revenues for AFC Energy from 2027 onwards, enhancing its market position in the hydrogen economy and supporting heavy industry decarbonization.
The most recent analyst rating on (GB:AFC) stock is a Buy with a £30.00 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 score reflects its strong strategic initiatives and recent insider confidence, overshadowed by significant financial challenges, including negative profitability and cash flow issues. Technical indicators provide a mixed outlook, and valuation remains unattractive.
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 on and off grid power applications. The company’s fuel cell technology is used in electric vehicle chargers, off-grid power systems, and temporary power solutions, with emerging opportunities in maritime, data centers, and rail. AFC Energy also focuses on ammonia cracking technology for distributed hydrogen production, supporting industries like mining, cement, and heavy engineering in their decarbonization efforts.
Average Trading Volume: 3,030,351
Technical Sentiment Signal: Sell
Current Market Cap: £73.68M
See more data about AFC stock on TipRanks’ Stock Analysis page.