Last 25.38 GBp
Change Today -1.37 / -5.14%
Volume 185.4K
AFC On Other Exchanges
Symbol
Exchange
London
Berlin
As of 11:38 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

afc energy plc (AFC) Snapshot

Open
26.75 GBp
Previous Close
26.75 GBp
Day High
26.75 GBp
Day Low
25.38 GBp
52 Week High
07/29/13 - 53.50 GBp
52 Week Low
07/10/14 - 19.75 GBp
Market Cap
56.7M
Average Volume 10 Days
745.2K
EPS TTM
-0.02 GBp
Shares Outstanding
223.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AFC ENERGY PLC (AFC)

Related News

No related news articles were found.

afc energy plc (AFC) Related Businessweek News

No Related Businessweek News Found

afc energy plc (AFC) Details

AFC Energy plc develops and sells alkaline fuel cell technology in the United Kingdom. Its fuel-cell systems use hydrogen to produce clean electricity. The company was founded in 2006 and is based in Cranleigh, the United Kingdom.

38 Employees
Last Reported Date: 03/14/14
Founded in 2006

afc energy plc (AFC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: 261.2K GBP
Technical Director and Director
Total Annual Compensation: 136.5K GBP
Compensation as of Fiscal Year 2013.

afc energy plc (AFC) Key Developments

AFC Energy PLC Signs Agreement for Stationary Fuel Cell Systems with Daniel Inc

AFC Energy plc announced that it has entered into a Heads of Agreement with Daniel Inc. for an initial 1MW fuel cell system with a follow-on option for a further 3MW project making a total potential sales value of approximately $15 million. The company believes this agreement, once ratified with a formal contract, will represent the large sale in revenue terms by any British fuel cell manufacturer in South Korea for a stationary system in an industrial setting. It will also represent the biggest deal won by AFC Energy since its inception in 2006. The initial 1MW alkaline fuel cell system will be deployed in stages and will include a long term maintenance agreement. Under the terms, a deposit of $1.25 million will become payable to AFC Energy upon signing of the formal contract and supply agreement, before deployment of the system commences. The formal contract will also include the opportunity for a follow-on order for a 3MW system at a second site, depending on performance. The first system will use a mixture of liquefied natural gas (LNG) and biomass gas as its primary energy source to generate electricity. AFC Energy will install, operate and maintain its low cost fuel cell systems at Daniel Inc's. site and the project will benefit from South Korea's clean energy incentive program that focuses on the aggressive deployment of fuel cells by large electricity producers and users. This project has been facilitated with the assistance of KDB Daewoo Securities ("Daewoo"), South Korea's leading investment banking firm, acting as introducer for AFC Energy. Daewoo have indicated that going forward they will continue to support the Company in a referral function for other client companies and will receive appropriate compensation. This agreement is the second major advance made by AFC Energy in South Korea and follows a Memorandum of Understanding announced earlier this week with Chang Shin Chemical Co., for the supply of multiple fuel cell systems with a total potential generating capacity of up to 5MW. In addition, the Company is already executing a EUR 6.1 million EU-backed project, Power-Up, with Air Products at a major chemicals complex in northern Germany. It also has an ongoing strategic project with AkzoNobel at their site in Bitterfeld, Germany.

AFC Energy plc Signs Memorandum of Understanding with Chang Shin Chemical Co., Ltd. for Multiple Fuel Cell Systems with Total Potential Generating Capacity of Up to 5MW

AFC Energy plc announced that it has signed a Memorandum of Understanding (MOU) with Chang Shin Chemical Co. Ltd. for multiple fuel cell systems with a total potential generating capacity of up to 5MW. AFC will harness hydrogen produced at Chang Shin's chemical works to generate clean energy with zero carbon emissions. The power will then be delivered into the South Korean electricity grid, thereby enabling Chang Shin to diversify its revenue stream and achieve greater value from its hydrogen. In line with AFC's strategy, the deal will be structured as an energy supply contract under which it will install and operate its low cost fuel cell systems at Chang Shin's sites in return for long term fees. The agreement will be implemented in stages, the first of which will be a pilot KORE fuel cell unit at one of Chang Shin's gas processing facilities. Following evaluation from both AFC Energy and Chang Shin the intention is for the pilot unit to be scaled up to systems with an envisaged capacity of between 1 MW and 5MW. Importantly, Chang Shin estimates it has total available hydrogen for power generation significantly in excess of 5MW. AFC and Chang Shin will work towards finalising a definitive contract within six months from the date of the MOU.

AFC Energy Announces Unaudited Earnings Results for the Six Month Period Ended April 30, 2014

AFC Energy announced unaudited earnings results for the six month period ended April 30, 2014. For the period, the company reported loss and total comprehensive loss attributable to owners of the company of £2,156,218 or 0.97 pence per basic share compared to £2,342,038 or 1.08 pence per basic share reported in the same period last year. Loss before taxation was £2,247,761 against £2,556,290 reported last year. Operating loss was £2,291,128 against £2,617,254 reported last year. Revenue was £455,702 against £101,374 reported last year. Cash absorbed by operating activities was £1,912,925 against £2,056,199 reported last year. Purchase of plant and equipment was £92,413 against £123,096 reported last year.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AFC:LN 25.38 GBp -1.37

AFC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
FuelCell Energy Inc $2.47 USD +0.26
View Industry Companies
 

Industry Analysis

AFC

Industry Average

Valuation AFC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 54.3x
Price/Book 9.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 54.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AFC ENERGY PLC, please visit www.afcenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.