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AFC Energy ( (GB:AFC) ) has shared an update.
AFC Energy has successfully closed its RetailBook Offer, raising £4.5 million through the issuance of new shares. This is part of a larger fundraising effort totaling approximately £27.5 million, which includes a Firm Placing and Subscription. The funds are intended to support the company’s operations and strategic initiatives, with the next steps contingent on shareholder approval at a General Meeting scheduled for August 7, 2025.
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 primarily impacted by its financial struggles, including negative profitability and cash flow issues. While technical indicators provide mixed signals, strategic initiatives highlighted in the earnings call and corporate events offer potential future upside.
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 power generation technologies, focusing on developing solutions for clean energy production.
Average Trading Volume: 6,185,684
Technical Sentiment Signal: Hold
Current Market Cap: £91.85M
See more data about AFC stock on TipRanks’ Stock Analysis page.