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.
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
-
High earners face £15k income hit by 2029 following Autumn BudgetRachel Reeves’s Autumn Budget means high earners – or HENRYs – are now looking at an income hit running into the thousands. Can you avoid it?
-
Millions underestimate how many paydays are left until retirement - why you should be counting your payslipsKeeping track of how long you will be earning a salary for can help work out how much you need to put into a workplace pension
