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Ceramic Fuel Cells Limited

Ceramic Fuel Cells Limited is a leader in Solid Oxide Fuel Cell technology, and is well positioned to benefit from the forecast strong growth in Europe of domestic combined heat and power (CHP) generation.

Steady progress towards commercialisation

Agreements with E.ON UK and Nuon / Remeha in July 2007

Now have 4 launch partners in major EU markets

Explicit volume potential with Nuon

Heinsberg scheduled to ship commercial units from 2009

Ceramic Fuel Cells price target raised to 55p/share

Publication Date:
July 30 2007

Ceramic Fuel Cells; powering forward

  • More technological advances
  • Appears best placed fuel cell for distributed generation
  • Staggered build-up of capacity means commercial sales forecast for 2010
  • DCF gives 43p/share fair value ( vs current 30p )
  • Regular newsflow expected (trials, partnerships, plant)

Publication Date:
December 11 2006

Ceramic Fuel Cells; steady progress towards commercialisation

  • Finance in place for next growth stage
  • Plans for new plant on track
  • Field trials’ results very encouraging
  • Strong IP portfolio expanded
  • Shares appear undervalued on DCF analysis   

Publication Date:
June 2 2006

CFCL; commercialising fuel cells and undervalued vs. peers

  • Over a decade pioneering fuel cell technology
  • Leader in manufacturing and development
  • Products now ready for commercialisation
  • Significant undervaluation to international peers
  • Raising finance for next growth stage


Publication Date:
October 25 2005

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