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An announcement from Sparc Technologies Ltd ( (AU:SPN) ) is now available.
Sparc Technologies reported that its Sparc Hydrogen joint venture has completed construction and commissioning of a first-of-its-kind green hydrogen pilot plant at the University of Adelaide’s Roseworthy Campus and achieved sustained hydrogen generation under concentrated sunlight, marking a key step toward scaling and commercialising its low-electricity photocatalytic water splitting reactor technology. The company strengthened Sparc Hydrogen’s leadership with the appointment of inaugural CEO Alana Barlow, expanded protection of its reactor IP with additional patents and a new provisional filing, and advanced materials R&D, while its graphene-based ecosparc additive business secured a first commercial sale in Asia, collaborated with Dulux on a lighthouse protective coating project, and gained industry recognition with a best-paper award, all supported by an R&D tax refund and a year-end cash balance of A$1.94 million.
The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.
More about Sparc Technologies Ltd
Sparc Technologies Ltd is an Australian technology company focused on developing advanced green hydrogen and graphene-based additive solutions. Through its Sparc Hydrogen joint venture with Fortescue Ltd and the University of Adelaide, the company is advancing photocatalytic water splitting reactor technology aimed at supporting the emerging global green hydrogen industry, while its ecosparc-branded graphene additives target protective coatings and corrosion-control markets.
Average Trading Volume: 85,013
Technical Sentiment Signal: Buy
Current Market Cap: A$28.36M
Find detailed analytics on SPN stock on TipRanks’ Stock Analysis page.