AFC Energy (AFC)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

9.17p
   
  • Change Today:
    -0.33p
  • 52 Week High: 24.15p
  • 52 Week Low: 7.74p
  • Currency: UK Pounds
  • Shares Issued: 854.36m
  • Volume: 1,843,386
  • Market Cap: £78.34m
  • RiskGrade: 464
  • Beta: 0.73

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AFC Energy chooses Illuming Power as manufacturing partner

By Josh White

Date: Wednesday 08 May 2024

LONDON (ShareCast) - (Sharecast News) - Hydrogen power generation technology specialist AFC Energy announced the selection of North American manufacturer Illuming Power as its primary producer of fuel cell plates and stacks for its 'S Series' air-cooled platform.
The AIM-traded firm said it had signed a strategic supply agreement (SSA) with Illuming, focusing on the large-scale production of S Series air-cooled fuel cell plates and stacks.

Illuming, leveraging its international network, would undertake a multi-year programme aimed at delivering fully assembled and commissioned S Series fuel cell plates and stacks.

The components would be seamlessly integrated into H-Power Generator modules.

AFC said the SSA aligned with its strategy of low capital outsourced contract manufacturing.

Orders for completed S Series stacks had already been initiated, with Illuming following the recent qualification of components and demonstration of production quality.

"Illuming Power is a valued partner of AFC Energy with over two years of collaborative work with us in supporting stack design and delivery," said chief executive officer Adam Bond.

"Their experience in stack build, both in prototype and commercial applications with thousands of stacks currently in operation across the global hydrogen market today, makes them a reliable and trusted supplier to AFC Energy.

"Their experience, alignment with our business model, and investment in their own growth trajectory, makes Illuming a key partner to AFC Energy's success."

At 1358 BST, shares in AFC Energy were up 2.84% at 20.16p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AFC Energy Market Data

Currency UK Pounds
Share Price 9.17p
Change Today -0.33p
% Change -3.47 %
52 Week High 24.15p
52 Week Low 7.74p
Volume 1,843,386
Shares Issued 854.36m
Market Cap £78.34m
Beta 0.73
RiskGrade 464

AFC Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.51% below the market average47.51% below the market average47.51% below the market average47.51% below the market average47.51% below the market average
31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average
Price Trend
80.72% below the market average80.72% below the market average80.72% below the market average80.72% below the market average80.72% below the market average
78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average
Income Not Available
Growth
46.66% below the market average46.66% below the market average46.66% below the market average46.66% below the market average46.66% below the market average
57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AFC Energy Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:30 15,000 @ 9.20p
16:29 35,000 @ 9.25p
16:26 2,609 @ 9.58p
16:21 20 @ 9.63p
16:14 165 @ 9.17p

AFC Energy Key Personnel

CFO Peter Dixon-Clarke

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