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An update from PowerCell Sweden AB ( (SE:PCELL) ) is now available.
PowerCell Sweden AB has secured a significant contract to supply fuel cell systems for the world’s first hydrogen-powered bulk carriers, to be built by GMI Rederi AS. This SEK 40 million contract involves the delivery of 14 Marine System 225 units, marking a pivotal step in the maritime sector’s shift towards zero-emission solutions. The project, supported by Norwegian government funds, is part of the Green Shipping Programme and highlights PowerCell’s expanding influence in hard-to-abate sectors, demonstrating the viability of hydrogen fuel cells as a competitive and sustainable alternative to fossil fuels.
The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK34.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.
More about PowerCell Sweden AB
PowerCell Sweden AB is a global leader in hydrogen electric solutions, specializing in unique fuel cell stacks and systems. The company focuses on accelerating the transition to a sustainable, emission-free world, targeting industries such as aviation, marine, off-road, on-road, and stationary power generation. Headquartered in Gothenburg, Sweden, PowerCell is listed on Nasdaq Stockholm and offers its products and services globally.
Average Trading Volume: 250,006
Technical Sentiment Signal: Hold
Current Market Cap: SEK1.82B
For detailed information about PCELL stock, go to TipRanks’ Stock Analysis page.