Last 10.13 GBp
Change Today +0.25 / 2.53%
Volume 966.8K
AFC On Other Exchanges
Symbol
Exchange
Berlin
As of 12:11 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

afc energy plc (AFC) Snapshot

Open
9.88 GBp
Previous Close
9.88 GBp
Day High
10.13 GBp
Day Low
9.88 GBp
52 Week High
10/22/13 - 43.50 GBp
52 Week Low
10/14/14 - 9.13 GBp
Market Cap
22.6M
Average Volume 10 Days
1.3M
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)

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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 Appoints Christopher Tawney to Board of Directors

AFC Energy announced that, further to the announcement of 20 August 2014, Christopher Tawney has been appointed to the board of directors with immediate effect.

AFC Energy Announces Appointment of Christopher Tawney as Finance Director and Company Secretary

AFC Energy announced that Christopher Tawney has joined the company as Finance Director and Company Secretary. He is expected to be appointed to the board of AFC Energy in due course and a further announcement will be made at that time. Most recently, Christopher was FD for three years at Algaecytes Limited. In addition, he also served as FD for Dettingen Ltd.

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.

 

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FuelCell Energy Inc $1.77 USD -0.07
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AFC

Industry Average

Valuation AFC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 19.4x
Price/Book 3.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 24.8x
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