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AFC Energy ( (GB:AFC) ) has provided an update.
AFC Energy announced that its Chief Technology Officer, Dr. Mike Rendall, has been appointed as the inaugural Chair of the UK Ammonia Alliance (UKAA), a new industry group aimed at accelerating the growth of the UK’s ammonia industry. The UKAA, comprising of several leading companies, seeks to promote low-carbon ammonia technologies to support decarbonization, energy security, and economic growth. The Alliance will host its first public event in Parliament, advocating for supportive government policies to harness the benefits of the hydrogen market. This initiative underscores AFC Energy’s commitment to advancing clean ammonia imports and hydrogen accessibility in the UK, potentially influencing policy changes to bolster market growth and energy resilience.
The most recent analyst rating on (GB:AFC) stock is a Hold with a £9.50 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 is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. Technical analysis provides a neutral outlook, while valuation is negatively affected by the lack of earnings and dividends.
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’s technology includes electric vehicle chargers and off-grid power systems, with emerging opportunities in maritime, data centers, and rail. AFC Energy’s proprietary ammonia cracking technology supports distributed hydrogen production, focusing on industries like mining, cement, and heavy engineering that face decarbonization challenges.
Average Trading Volume: 5,320,019
Technical Sentiment Signal: Strong Sell
Current Market Cap: £101.5M
Find detailed analytics on AFC stock on TipRanks’ Stock Analysis page.