Robust revenue growth is likely to sustain, with the company having an order backlog of 3 billion Norwegian krone. In fact, seven carbon capture units have already been delivered with 60,000 operating hours.įor Q3 of 2023, Aker Carbon reported revenue growth of 236% year over year ( YOY) to 440 million Norwegian krone. Further, Aker Carbon has a proven technology. Laser-focused business with positive industry tailwinds is likely to translate into robust growth. With strong potential for order inflows, I am bullish on AKCCF stock for multibagger returns from current levels.įirst, the company is a pure-play in carbon capture technology. Aker Carbon Capture ASA (AKCCF)Ī concept image of a person's hands holding a plant with floating glowing particles around itĪker Carbon Capture (OTCMKTS: AKCCF) stock has been sideways in the last 12 months. Let’s discuss three names that look attractive. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Over a five-year horizon, a few multibagger stocks are likely from the sector. The multi-fold growth in CO2 capture will translate into strong revenue and cash flow upside for the best carbon capture companies. Therefore, robust growth visibility exists even beyond the decade. It’s expected that by 2030, CO2 being captured will increase to 279 million tons, accounting for just 0.6% of today’s emissions. This makes a strong case for investing in some of the best carbon capture stocks.Īnd, with growth potential, the amount of CO2 being captured today is 43 million tons. According to the International Energy Agency, “ 40 commercial facilities are already in operation applying carbon capture, utilization and storage.” Further, growth estimates for the industry are optimistic through the decade. If we look at some of the major trends towards decarbonization, carbon capture is becoming increasingly relevant.
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