AFC milking government praise

AFC Energy, the industrial fuel cell company, has highlighted its latest glowing assessment by the government sponsored technology innovation centre known as 'Catapult'.

Inspector Dr Jon Helliwell said the "pace of development within AFC Energy appears to be accelerating and the company has clearly moved a long way from a proof of concept phase into demonstration and production.

"The company is delivering on both its technology road map and its commercial business plan."

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

This is all very well, and the stock price has certainly jumped (up 2% in morning trading), but AFC has still fallen 24.4% since the beginning of the year.

BS