Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Fuel cells are already big business in some parts of the world, which is good news for the companies that make and supply them, such as AFC Energy (AFC).
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Comments
Jason
Surprised you did not mentioned that Roman Abramovitch bought 10.8% of AFC for c £8.7M @ SP 26p shortly after which the “excitement” spiked the SP to it’s 53p high
BumbleB
Actually there are many different types of fuel cell technology. AFC lead in the field of alkaline fuel cells. They have redesigned this equipment to work with new electrode catalysts at low temperatures, avoiding the use of expensive platinum. The promise of AFC is that these materials are so cheap that it is hoped the company will be able to make a profit from selling electricity, not fuel cells to markets that are aided by subsidies. I agree, this company is going places.