AFC Energy drops as losses grow
AFC Energy, the alkaline fuel cell company, has fallen 4% after revealing that its losses are growing.
AFC Energy, the alkaline fuel cell company, has fallen 4% after revealing that its losses are growing.
The company says asset write downs, increased R&D spend and consultancy costs have contributed to the operating loss growing from £3,051,768 in 2010 to £4,390,192 in 2011.
The company argues its fuel cell technology, which is a re-engineering of the systems that keep the lights on during US and Russian space missions, is gaining worldwide acceptance.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It was awarded a €405,000 grant from the European Union to carry on its research which aims at producing fuel cells that will compete with orthodox technologies like turbines.
The question facing AFC, though, is how its solutions will find their way to market.
Shares had fallen 4% by 10.24. Over the last 12 months the stock has dropped 51%.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Could your family be at risk of an unexpected tax bill? How to keep your loved ones in the loop
Many families are out of the loop when it comes to planning the financial aspects of both retirement and inheritance
-
Rightmove: Glut of homes for sale in southern England drives asking price drop
Asking prices are 0.1% lower than a year ago, according to the property website, driven by challenges in affordability-stretched London and the south