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AFC Energy ( (GB:AFC) ) has shared an update.
AFC Energy recently updated its shareholders on the outcome of its Annual General Meeting, where Resolution 8 concerning the 2024 remuneration report was passed with 77.09% approval. Despite the majority vote, the company acknowledged the significant minority opposition and engaged with major shareholders to understand their concerns, ultimately affirming the resolution’s alignment with shareholder value creation. Additionally, AFC Energy announced a change in its brokerage arrangements, with RBC Europe Limited stepping down as Joint Broker and Zeus and Peel Hunt continuing in their roles.
The most recent analyst rating on (GB:AFC) stock is a Sell with a £9.00 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 Underperform.
AFC Energy’s overall stock score is primarily impacted by its weak financial performance, characterized by ongoing profitability and cash flow challenges. The technical analysis suggests a bearish trend, and the valuation is unattractive due to the negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall score.
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 both on and off-grid power applications. The company specializes in fuel cell technology, which is used for electric vehicle chargers, off-grid power systems, and temporary power solutions. AFC Energy is also exploring opportunities in maritime, data centers, and rail sectors. Additionally, the company focuses on ammonia cracking technology for distributed hydrogen production, targeting industries like mining, cement, and heavy engineering that face decarbonization challenges.
Average Trading Volume: 5,671,050
Technical Sentiment Signal: Sell
Current Market Cap: £113.2M
Learn more about AFC stock on TipRanks’ Stock Analysis page.