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 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 9.50p
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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