AFC Energy (AFC)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

9.50p
   
  • Change Today:
      0.050p
  • 52 Week High: 17.26p
  • 52 Week Low: 5.50p
  • Currency: UK Pounds
  • Shares Issued: 1,131.50m
  • Volume: 3,444,324
  • Market Cap: £107.49m
  • RiskGrade: 464

AFC Energy upbeat on performance of H-Power Tower programme

By Josh White

Date: Thursday 09 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Hydrogen power generation specialist AFC Energy announced success in its H-Power Tower deployment programme, after system validations in 2022.
The AIM-traded company said it had leased its H-Power Towers for more than 7,000 hours to date, mainly in the UK and European construction market.

It said the programme had seen it sign new contracts for more than 8,000 hours of H-Power Tower lease hire in 2023 alone, with a growing order book supported by an increase in customer proposals.

Initial pricing for leases was supporting a sub-two-year payback on capital costs, with significant capital cost reductions targeted for 2023.

One of the most significant developments, the board said, had been the extension of the Keltbray H-Power Tower lease agreement for six months at the M621 highways project in Leeds.

Additionally, AFC signed a new lease agreement with Taylor Woodrow, the civil engineering division of global contractor Vinci Construction, for H-Power Tower deployment in Bedfordshire alongside a National Grid site.

Additionally, AFC said it had signed a new lease agreement with Colas Rail for H-Power Tower deployment on the signalling framework contract at the Gloucester Area Life Extension Project.

The company also successfully completed the first Kier H-Power Tower deployment at the Plymouth construction camp.

"It is great to see the strong market interest in AFC Energy's new hydrogen power generators and particularly the uptake in the H-Power Tower launched last year," said chief executive officer Adam Bond.

"We continue to see growth in our pipeline for 2023 and look forward to working with new customers, both here and across Europe, to affirm hydrogen's role in supporting the decarbonisation of hard to abate sectors like construction."

At 1335 GMT, shares in AFC Energy were up 0.26% at 23.32p.

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 9.50p
Change Today 0.050p
% Change 0.53 %
52 Week High 17.26p
52 Week Low 5.50p
Volume 3,444,324
Shares Issued 1,131.50m
Market Cap £107.49m
RiskGrade 464

AFC Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.29% below the market average47.29% below the market average47.29% below the market average47.29% below the market average47.29% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average
Price Trend
39.01% below the market average39.01% below the market average39.01% below the market average39.01% below the market average39.01% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income Not Available
Growth
68.94% above the market average68.94% above the market average68.94% above the market average68.94% above the market average68.94% above the market average
69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 2
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 29-Aug-2025

Time Volume / Share Price
16:35 180,644 @ 9.50p
16:35 1 @ 9.50p
16:35 21,791 @ 9.50p
16:35 1,735 @ 9.50p
16:35 1,790 @ 9.50p

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